Larry Ellison, founder and CEO of Oracle (NASDAQ: ORCL) probably deserves a huge pay package as much as anyone else. His company has become wildly successful and has been a steady producer of strong earnings since becoming the world’s largest enterprise software firm. Oracle continues to best rivals SAP (NYSE: SAP) and Microsoft (NASDAQ: MSFT) regularly.
The Wall Street Journal has named Ellison the highest paid CEO of the last decade. He made $1.84 billion over the period, and several other CEOs were close behind himBarry Diller of IACI (NASDAQ: IACI) a much smaller and less successful company than Oracle, made $1.14 billion. over the ten years He is also the chairman of Expedia (NASDAQ: EXPE).
The Journal reports that the balance of the highest paid chiefs includes Occidental Petroleum (NYSE: OXY) CEO Ray Irani at $857 million, Apple’s Steve Jobs (NASADAQ: AAPL) with $749 million, and Capital One Financial’s (NYSE COF) Richard Fairbank at $569 million.
Jobs, it would seem based on his performance, should have made more. Capital One, on the other hand has posted an atrocious maker performance over the last half decade.
Jobs & Ellison have done much more for their shareholders that almost any of the billionaire hedge fund managers of Goldman Sachs Group (NYSE: GS) management. They are, from that point of view, a bargain.
Douglas A. McIntyre