The Wall Street Journal recently reported that Oracle executives are once again among the highest-paid executives of large U.S. companies , thanks to a decision last year by Oracle to give executives more time to earn stock options.
Oracle said in its annual proxy statement on Friday that in the fiscal year ended May 31, company chairman Larry Ellison and chief executive officer Safra Catz each received a total of more than $138 million (about 989 million yuan). salary.
The majority of the duo's compensation, $129.3 million (about 927 million yuan) each, reflected a previous decision by Oracle to give executives an additional three years to earn the initial salary, according to the proxy statement. A significant portion of the stock options granted in 2018.
Oracle said its decision to extend stock option compensation until the end of May 2025 had been criticized by some investors. In recent years, about 60% of shareholders support Oracle's approach to executive compensation in routine advisory votes, far below the typical ratio for large companies. It is worth noting that Oracle CEO Larry Ellison (Larry Ellison)'s high salary in 2013 caused growing dissatisfaction among investors.