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| PCPro wrote: Oracle chief executive Larry Ellison will draw a salary of just one dollar in 2010, down from the $1 million he's received in the past three years | |
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| Larry Ellison joins the $1 club http://www.x404.co.uk/forum/viewtopic.php?f=19&t=2427 |
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| Author: | forquare1 [ Mon Aug 24, 2009 8:25 am ] | |||||||||
| Post subject: | Larry Ellison joins the $1 club | |||||||||
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| Author: | bobbdobbs [ Mon Aug 24, 2009 9:13 am ] |
| Post subject: | Re: Larry Ellison joins the $1 club |
Another executive decides to have a publicity grabbing $1 salary, whilst thier compensation package is in the millions or higher. Wooptydoo. It means nothing except for some PR |
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| Author: | james016 [ Mon Aug 24, 2009 10:39 am ] |
| Post subject: | Re: Larry Ellison joins the $1 club |
It's quite staggering that the $1m is only 1.2% of his total earnings. |
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| Author: | Coref [ Tue Aug 25, 2009 6:08 pm ] |
| Post subject: | Re: Larry Ellison joins the $1 club |
Does this mean they'll be able to charge less for Oracle licences? |
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| Author: | richard_neil [ Tue Aug 25, 2009 10:51 pm ] |
| Post subject: | Re: Larry Ellison joins the $1 club |
I learned the other day there is a very good reason people like him get paid in options not salaries. It's called paying much less tax on the income from selling the options. And I mean a lot less; IIRC 28% rather than 33%. There are executives, including Steve Jobs, who are paid $1 in salary per year purely for this reason. Richard. |
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| Author: | DaftFunk [ Wed Aug 26, 2009 11:01 am ] |
| Post subject: | Re: Larry Ellison joins the $1 club |
Here's an interesting fact Steve Jobs is the largest individual shareholder of Disney. |
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