Oracle Bows to Shareholders by Cutting Larry Ellison’s Pay
“The pay of the top three executives at Oracle has been very high over the last few years,” said Kirk Hanson, executive director of the Markkula Centre for Applied Ethics at Santa Clara University. He added that, while “say on pay” votes had been effective at drawing attention to excessive compensation, it was too soon to judge how the new Oracle arrangements would work in practice.
Excerpted from an article in Financial Times. (AP Photo/Eric Risberg, File)