Ellison, Jobs Rank Among World's Richest Public-Company Execs

By Chris Preimesberger  |  Posted 2010-07-27 Print this article Print

A Wall Street Journal analysis of executive remuneration puts Larry Ellison, co-founder and longtime CEO of the world's second-largest software maker, No. 1 on a list of highest-paid executives of public companies during the past decade.

Oracle's enterprise database and middleware business has been very, very good to Larry Ellison.

The Wall Street Journal reported July 26 based on an analysis of executive remuneration that Ellison, co-founder and longtime CEO of the world's second-largest software maker, ranked No. 1 on a list of highest-paid executives of public companies during the past decade.

During that time span, Ellison has received $1.84 billion in compensation, the Journal said-an average of $184 million per year. In comparison, the world's most highly compensated athlete, Tiger Woods, has averaged about $110 million per year in the last decade and $70 million per year over his first 13 years as a professional, according to research by Forbes and Sports Illustrated.

However, both Ellison and Woods are well behind entertainers such as Oprah Winfrey and Rush Limbaugh, who each make more than $300 million per year but do not run publicly held companies.

The Journal listed as No. 2 television producer Barry Diller, who received about $1.14 billion from IAC/Interactive and Expedia, the online travel site IAC spun off in 2005, where he currently serves as chairman. Occidental Petroleum CEO Ray Irani was third at $857 million.

Apple's Steve Jobs was No. 4 with $749 million, and in fifth place was Capital One Financial CEO Richard Fairbank at $569 million.

Jobs received all that compensation despite earning only $10 in salary during the last decade. His contract calls for $1 per year; stock holdings and other sources of income made up the rest.

Not surprisingly, four of the richest 25 CEOs worked at financial companies, according to the Journal. They are former Lehman Brothers CEO Richard Fuld (No. 11 with $457 million), former Citigroup CEO Sandy Weill (19th at $361 million), Fairbank of Capital One and former Countrywide Financial CEO Angelo Mozilo.

The Journal said its analysis is based on salaries, bonuses, perks and realized gains on both restricted stock and stock options; it excludes new grants of restricted stock and stock options.

Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters

Rocket Fuel