Bloomberg News

Oracle’s Ellison Highest-Paid CEO as Pay Gains, NYT Reports

April 06, 2013

Oracle Corp. CEO Larry Ellison

Oracle Corp. Chief Executive Officer Larry Ellison received $96.2 million, which includes salary, perks and bonuses ($3.9 million) and stock options valued at $90.7 million. Photographer: David Paul Morris/Bloomberg

Oracle Corp. (ORCL:US)’s Larry Ellison was the highest-paid chief executive officer in the U.S. last year as total compensation gained 3 percent from 2011, the New York Times reported.

Ellison received $96.2 million, which includes salary, perks and bonuses ($3.9 million) and stock options valued at $90.7 million, the newspaper said in an article published online for tomorrow’s edition. Richard Bracken of HCA Holdings Inc. (HCA:US) was second with $38.6 million, followed by Walt Disney Co. (DIS:US)’s Robert Iger at $37.1 million, the Times said.

The median total compensation for U.S. CEOs rose to more than $14 million, the newspaper said, citing the survey by executive compensation tracker Equilar.

Nike Inc.’s Mark Parker was fourth this year with $35.2 million, followed by Viacom Inc. (VIA:US)’s Philippe Dauman, who was fourth last year, with $33.4 million, the Times said. EBay Inc. (EBAY:US)’s John Donahoe was sixth with $29.7 million, the newspaper said.

Seventh through 10th, respectively, were Howard Schultz, Starbucks Corp. (SBUX:US), $28.9 million; Stephen Chazen, Occidental Petroleum Corp. (OXY:US), $28.5 million; Kenneth Chenault, American Express Co. (AXP:US), $28 million; and Louis Camilleri, Philip Morris International Inc. (PM:US), $24.7 million.

Equilar’s study for the newspaper covered executives at public companies with annual revenue of more than $5 billion which had filed proxy statements by March 29, the Times said.

Equilar analyzed base salaries, cash bonuses, perks, stock awards and stock options for the newspaper.

To contact the reporter on this story: Dan Hart in Washington at dahart@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net


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Companies Mentioned

  • ORCL
    (Oracle Corp)
    • $46.23 USD
    • 0.22
    • 0.48%
  • HCA
    (HCA Holdings Inc)
    • $74.89 USD
    • -0.11
    • -0.15%
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