Oracle Defends CEO Ellison’s Compensation and 2 More Heavily Traded Stocks to Follow
Oracle Corp. (NASDAQ:ORCL): Current price $33.59
Oracle has struck back at a critic of its compensation payed to Chief Executive Larry Ellison, saying that he is “an extremely valuable asset” whose “pay package is appropriate under the circumstances.” Ellison was also Oracle’s founder and is owner of roughly 25 percent of its shares. He received compensation valued at $76.9 million for its fiscal year ended May 31. Subsequent to its posting of a couple of disappointing quarterly financial results, Oracle’s stock price has lagged United States stock indexes for the bulk of 2013. Ellison’s pay amount has spawned discontent from stockholders, many of whom rejected Oracle’s pay practices in a non-binding election in 2012.