Business
Ellison finally gets a paycheck
Oracle chief executive Larry Ellison will receive a salary of $900,000 for fiscal 2004, marking the first time in three years he has received a salary, according to a proxy Oracle filed on Monday with the Securities and Exchange Commission. Ellison, who has also gone without a bonus since 2000, is also eligible for a bonus under the Executive Bonus Plan, which is subject to shareholder approval.
Oracle chief executive Larry Ellison will receive a salary of $900,000 for fiscal 2004, marking the first time in three years he has received a salary, according to a proxy Oracle filed on Monday with the Securities and Exchange Commission.
Ellison, who has also gone without a bonus since 2000, is also eligible for a bonus under the Executive Bonus Plan, which is subject to shareholder approval.