The Canadian PressSeptember 20, 2013 18:35
REDWOOD CITY, Calif. - The value of Oracle Corp. founder and CEO Larry Ellison's pay package dropped 18 per cent in fiscal 2013, to $78.4 million, after the business software company missed its internal financial targets and he declined his annual cash bonus.
That's according to a securities filing made Friday and reviewed by The Associated Press.
Ellison, 69, is one of the highest-paid executives in the country. Forbes magazine ranks him as America's third-richest person with personal wealth of $41 billion.