With a single SEC filing last week, Oracle CEO Larry Ellison became the most well-paid business leader in America. His $84.6 million in total compensation, together with the $544 million worth of stock he cashed in, totals more than the gross domestic product of Grenada (and Ellison didn’t need to export a single ounce of nutmeg).
$84.6 million seems like an outrageous sum of money—hell, it is an outrageous sum of money—but Oracle’s shareholders are still getting off cheap. This year, the company’s net income from continuing operations (which is pretty much a fancy way of saying “profit”) spiked nearly 30 percent to $5.5 billion. Ellison’s share of that single-year haul is only 1.5 percent. I pump a larger percentage of my income into my gas tank.
After the jump, let’s see if the shareholders in our state’s five most profitable companies are getting as good a deal from their chief executives.
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