Shareholders Are Not Happy With Oracle’s New Co-CEO Pay
“Five bigwig institutional shareholders want to force Oracle to make radical changes to the way it pays it top three executives: executive chairman and CTO Larry Ellison and co-CEOs Safra Catz and Mark Hurd.
They are concerned that Oracle’s board of directors isn’t independent enough from management and ‘insufficient board accountability and poorly designed compensation programs create significant risks for shareholders.’
Of Oracle’s 11 directors, three of them still earn their living at Oracle (Ellison, Catz, and Hurd), and one of them is the company’s former CFO and chairman…”
