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Oracle's Ellison #2 Best-Paid CEO At $557 MillionOracle's Ellison #2 Best-Paid CEO At $557 Million
Oracle CEO Larry Ellison received total compensation of $556.9 million in 2008, making him the second best-paid CEO in the U.S. behind the CEO of private-equity firm Blackstone. A year ago Ellison topped the list, and he's expected to stay near or at the top next year as well.
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Oracle CEO Larry Ellison received total compensation of $556.9 million in 2008, making him the second best-paid CEO in the U.S. behind the CEO of private-equity firm Blackstone. A year ago Ellison topped the list, and he's expected to stay near or at the top next year as well.From CNNMoney:
Like [Blackstone CEO Stephen] Schwarzman, most of Ellison's compensation came from exercised stock options, which totaled $543 million from a whopping 36 million options. That's despite a 21% drop in Oracle's share price over 2008. With 33.4 million stock options still outstanding and a 24% rise in Oracle's stock, Ellison's likely to keep his top spot on the list in 2009.
You can see the full list, which doesn't include any other CEOs from the IT business, here.
A year ago, in the Forbes list of best-paid executives, Ellison topped the charts with total income of $192.9 million for calendar 2007.
And a year before that, Apple CEO Steve Jobs supplemented nicely his $1 salary with total compensation of $646.6 million for calendar 2006.
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