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.
Oracle's fiscal third quarter earnings, but performed well in earnings-per-share.
Ellison is the U.S.' third richest man, worth $41 billion, after Bill Gates and Warren Buffett, according to. Ellison currently owns about one-quarter of the company he leads.
And doesn't he know it.
This year alone, 69-year-old Ellison bought the Hawaiian island of Lanai for a reported but unconfirmed $500 million, which comes with a "complementary" Four Seasons Hotel. Not content with that alone, he also bought a luxury Hawaiian airliner for an undisclosed amount — because, why not?
He also participates in the America's Cup competition, that saw the software giant build a sail boat which ultimately led Ellison and his.
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.