Oracle's chief executive Larry Ellison is paid too much, according to a majority of shareholders, who on Thursday cast their ballots in a non-binding vote.
The vote, which does not require the company to take any action, mirrors a vote cast last year which came to the same conclusion. But it does highlight a concern among shareholders who are concerned about high executive pay, compared to the company's less than exemplary financial results.
Ellison is the U.S.' third richest man, worth $41 billion, after Bill Gates and Warren Buffett, according to Forbes' recent list of America's wealthiest. Ellison currently owns about one-quarter of the company he leads.
He also participates in the America's Cup competition, that saw the software giant build a sail boat which ultimately led Ellison and his team to victory earlier this year.
That said, Ellison still has a philanthropic nature. He claimed to have pledged years ago to give away about 95 percent of his wealth to charity. That would still leave him with close to $2 billion, though, so not all is lost.