Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(The Register)   Larry Ellison deserves $76 million a year because screw you, that's why   (theregister.co.uk ) divider line
    More: Obvious, Larry Ellison, Oracle, CtW Investment Group, stock options, investment fund, loves, executive pay  
•       •       •

2682 clicks; posted to Business » on 03 Oct 2013 at 4:23 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



50 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-10-03 04:25:23 PM  
Deserves got nothing to do with it.
 
2013-10-03 04:27:06 PM  
He needs the money to buy Hawaiian islands and fancy yachts.
 
2013-10-03 04:41:16 PM  
A megalomaniac tech billionaire with tons of style...where's James Bond when you need him???
 
2013-10-03 04:54:57 PM  
Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.
 
2013-10-03 05:00:05 PM  
I'm open to a halfway reasonable debate about what the "options-only" style of compensation does vs. just a huge paycheck.  Yes, I know they do that because stock options aren't taxed the way direct compensation is.  Still, isn't this at least slightly closer to the "you mess up the company, you get payed less" philosophy we'd all like to see?  If he tanks the company and the stock tanks, so does his net worth, at least a little bit, no?  Just wishful thinking?
 
2013-10-03 05:08:52 PM  
At least he didn't ruin the economy like so many others in the mega bonus / stock options crowd.
 
2013-10-03 05:11:21 PM  

Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.


Worked for Gates and Jobs.

//and apparently Zuckerberg learned that lesson as well
 
2013-10-03 05:13:39 PM  
Sailboats. That go FIFTY FIVE FREAKING MILES PER HOUR. No, he didn't design them personally, but he's still the person who by and large funded and shoved this through. I'd say he earned it right there, regardless of what Oracle does or doesn't do.

Old and busted:

graphics8.nytimes.com

New hotness:

yachtpals.com
 
2013-10-03 05:14:18 PM  

Arkanaut: Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.

Worked for Gates and Jobs.

//and apparently Zuckerberg learned that lesson as well


Behind every great fortune lies a great crime.
 
2013-10-03 05:15:29 PM  

whistleridge: Sailboats. That go FIFTY FIVE FREAKING MILES PER HOUR. No, he didn't design them personally, but he's still the person who by and large funded and shoved this through. I'd say he earned it right there, regardless of what Oracle does or doesn't do.

Old and busted:

[graphics8.nytimes.com image 600x350]

New hotness:

[yachtpals.com image 500x566]


That's kind of like giving Hitler a pass because he invented assault rifles and jet fighter planes.

/yeah i went there
 
2013-10-03 05:28:42 PM  
Hey shareholders, get your heads out of your asses - you run NOTHING.  You control NOTHING.  If you don't like what the company is doing, the only thing you can do is SELL.  The more people sell, the stock price drops.  That's the only thing you can do.
 
2013-10-03 06:08:59 PM  

TheOtherGuy: I'm open to a halfway reasonable debate about what the "options-only" style of compensation does vs. just a huge paycheck.  Yes, I know they do that because stock options aren't taxed the way direct compensation is.  Still, isn't this at least slightly closer to the "you mess up the company, you get payed less" philosophy we'd all like to see?  If he tanks the company and the stock tanks, so does his net worth, at least a little bit, no?  Just wishful thinking?


But then we'll have people whining about GINI and income inequality.

Because when Bill Gates becomes the richest man on the planet by putting a PC on every desk, and Steve Jobs becomes super-rich by leading the discussion of User Interface Design for a couple decades, and Mark Zuckerberg becomes super-rich by convincing 1 Billion people to sign up for a single service where they connect with every person in their lives for everything while thousands of people try and fail because they have a terrible business model, and millions of people are being driven into poverty because we're switching from people-based manufacturing to capital-based manufacturing, it's [whine]unfair[/whine].

You CANNOT have entrepreneurship where it's possible to create a functional global monopoly (largely thanks to the increasingly lower cost of the Nth thing) and income equality.  Cannot.  Be.  Done.  And since one of the BIG issues right now is income inequality, then you cannot have a system in which people get paid based on their companies performance since the performance of those companies is inherently unequal.  And that will lead to politicians doing stupid things.

/Not saying that everything is A-OK with the current group of sociopaths in corporate boardrooms, just that I'm not necessarily against a guy running a Billion dollar company making a few million every year.
 
2013-10-03 06:18:09 PM  

Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.


If that government software is so great then why can't I get my Obamacare yet?
 
2013-10-03 06:26:54 PM  

Tellurium: Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.

If that government software is so great then why can't I get my Obamacare yet?


Here's what I keep seeing when trying to sign up:

"
Oracle Access Manager Operation Error
The Access Server has returned a fatal error with no detailed information.
Contact your website administrator to remedy this problem.
 "

Fark you, Larry Ellison!
 
2013-10-03 06:36:56 PM  
Larry Ellison is a hack. Always has been. He stands upon the shoulders of others and claims that he's just that much taller than everyone else.
 
2013-10-03 06:42:28 PM  

meyerkev: TheOtherGuy: I'm open to a halfway reasonable debate about what the "options-only" style of compensation does vs. just a huge paycheck.  Yes, I know they do that because stock options aren't taxed the way direct compensation is.  Still, isn't this at least slightly closer to the "you mess up the company, you get payed less" philosophy we'd all like to see?  If he tanks the company and the stock tanks, so does his net worth, at least a little bit, no?  Just wishful thinking?

But then we'll have people whining about GINI and income inequality.

Because when Bill Gates becomes the richest man on the planet by putting a PC on every desk, and Steve Jobs becomes super-rich by leading the discussion of User Interface Design for a couple decades, and Mark Zuckerberg becomes super-rich by convincing 1 Billion people to sign up for a single service where they connect with every person in their lives for everything while thousands of people try and fail because they have a terrible business model, and millions of people are being driven into poverty because we're switching from people-based manufacturing to capital-based manufacturing, it's [whine]unfair[/whine].

You CANNOT have entrepreneurship where it's possible to create a functional global monopoly (largely thanks to the increasingly lower cost of the Nth thing) and income equality.  Cannot.  Be.  Done.  And since one of the BIG issues right now is income inequality, then you cannot have a system in which people get paid based on their companies performance since the performance of those companies is inherently unequal.  And that will lead to politicians doing stupid things.

/Not saying that everything is A-OK with the current group of sociopaths in corporate boardrooms, just that I'm not necessarily against a guy running a Billion dollar company making a few million every year.


You seem to say all of this as if people don't recognize that very thing when they biatch about overly inflated pay for the c-levels.

As much as we all appreciate the class in Capitalism 101, it's not as if those who would argue against 76mil a year are suggesting we should all be paid exactly the same regardless of what we do (or have done).

No one sane is going to suggest we pay Larry the same as a kindergarten teacher, and the teacher the same as a burger flipper.

There should be a rational and quantitative numbers discussion and we don't get any closer to it when people suggest "a few million" is the same as seventy-six million and no one wants to talk about it in direct relation to share price movement, company value and the pay of the people below him making his business successful.

Saying "he deserves it" and leaving it at that is as dumb as saying "he doesn't deserve it" and leaving it at that.

And calling what he takes home "a few million" is just lol.
 
2013-10-03 06:55:25 PM  

cefm: Hey shareholders, get your heads out of your asses - you run NOTHING.  You control NOTHING.  If you don't like what the company is doing, the only thing you can do is SELL.  The more people sell, the stock price drops.  That's the only thing you can do.


How many people do you think there are, who buy a publicly traded company because they actually want to run something? I know, there's always a crackpot who mouths off at the annual meeting, but the rest of us are just betting on horses. We don't give a shiat if Larry takes a double handful. All that matters is where the horse finishes.

/It's not exactly like betting on horses. If you win at the track, people will sneer and call you lucky. If you win in the market, they'll call you smart.
//Other than that, it's pretty much the same.
 
2013-10-03 07:00:58 PM  
Well, if I owned any Oracle stock I might be pissed. Since I don't who cares?
 
2013-10-03 07:01:23 PM  

Marcus Aurelius: whistleridge: Sailboats. That go FIFTY FIVE FREAKING MILES PER HOUR. No, he didn't design them personally, but he's still the person who by and large funded and shoved this through. I'd say he earned it right there, regardless of what Oracle does or doesn't do.

Old and busted:

[graphics8.nytimes.com image 600x350]

New hotness:

[yachtpals.com image 500x566]

That's kind of like giving Hitler a pass because he invented assault rifles and jet fighter planes.

/yeah i went there


Hitler, no; Werner Von Braun?

Oh, wait...
 
2013-10-03 07:04:53 PM  

TheOtherGuy: I'm open to a halfway reasonable debate about what the "options-only" style of compensation does vs. just a huge paycheck.  Yes, I know they do that because stock options aren't taxed the way direct compensation is.  Still, isn't this at least slightly closer to the "you mess up the company, you get payed less" philosophy we'd all like to see?  If he tanks the company and the stock tanks, so does his net worth, at least a little bit, no?  Just wishful thinking?


The problem is that executives incentivized to keep employee wages low or continually reduce head count in order to increase earnings growth which in turn increases share price which lines their pockets with cash.
 
2013-10-03 07:11:39 PM  
...because Oracle sold 12 licenses last quarter?
 
2013-10-03 08:14:11 PM  
I'm the first? Really?

images4.wikia.nocookie.net
 
2013-10-03 08:18:10 PM  

Tellurium: Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.

If that government software is so great then why can't I get my Obamacare yet?


Because the GOP shutdown has crippled the post office, which means it hasn't arrived in the mail yet.

Keep checking your mailbox, just in case.
 
2013-10-03 08:20:57 PM  
"Oracle defends Larry Ellison's whopping package"

/dayum
 
2013-10-03 08:28:41 PM  

MurphyMurphy: No one sane is going to suggest we pay Larry the same as a kindergarten teacher, and the teacher the same as a burger flipper


Unlike the teacher or the burger flipper, Larry's not being "paid".

He's simply taking what is his to take.
 
kab
2013-10-03 09:09:02 PM  

FormlessOne: He stands upon the shoulders of others and claims that he's just that much taller than everyone else.


So he's pretty much standard CEO fare, is what you're saying?
 
2013-10-03 09:15:11 PM  
If you think your execs are paid too much and they're not listening to your complaints, your only option is to sell your shares.

If enough sell the price will drop and the board will get the message.
 
2013-10-03 09:35:40 PM  

rumpelstiltskin: How many people do you think there are, who buy a publicly traded company because they actually want to run something?


It makes one wonder why they deserve anything at all for their lack of effort.
 
2013-10-03 09:43:23 PM  
How do you measure the value of a person leading a company that has a yearly profit above 2B?  What is % here .03%?   Might not be that bad of a payout
 
2013-10-03 09:57:13 PM  

kab: FormlessOne: He stands upon the shoulders of others and claims that he's just that much taller than everyone else.

So he's pretty much standard CEO fare, is what you're saying?


Sadly, yeah.
 
2013-10-03 10:08:21 PM  
People need more important things to worry about than how much money other people have.
 
2013-10-03 10:37:42 PM  

GoldSpider: People need more important things to worry about than how much money other people have.


Most people have enough to worry about with how much (or how little) money they have themselves. It's just that those looking to see why they have so little money begin to realize where it's all going. And increasingly, it seems they're dismayed that all their money is going to people whose only real skill seems to be having a lot of money to begin with.
 
2013-10-03 11:32:42 PM  

Sergeant Grumbles: GoldSpider: People need more important things to worry about than how much money other people have.

Most people have enough to worry about with how much (or how little) money they have themselves. It's just that those looking to see why they have so little money begin to realize where it's all going. And increasingly, it seems they're dismayed that all their money is going to people whose only real skill seems to be having a lot of money to begin with.


I bet you have a fascinating explanation for how poor people's money is getting into the bank accounts of Larry Ellison.  They aren't exactly Oracle's target market.
 
2013-10-03 11:33:09 PM  

Sergeant Grumbles: GoldSpider: People need more important things to worry about than how much money other people have.

Most people have enough to worry about with how much (or how little) money they have themselves. It's just that those looking to see why they have so little money begin to realize where it's all going. And increasingly, it seems they're dismayed that all their money is going to people whose only real skill seems to be having a lot of money to begin with.


If other people have less does not mean that you will have more
 
2013-10-04 12:17:11 AM  

TheOtherGuy: I'm open to a halfway reasonable debate about what the "options-only" style of compensation does vs. just a huge paycheck.  Yes, I know they do that because stock options aren't taxed the way direct compensation is.  Still, isn't this at least slightly closer to the "you mess up the company, you get payed less" philosophy we'd all like to see?  If he tanks the company and the stock tanks, so does his net worth, at least a little bit, no?  Just wishful thinking?


That's his argument and imho it's a very good one.  According to the article the stock options are issued "at the money" meaning that by the time they vest, if the stock price stays the exact same price they expire worthless, i.e. he gets paid ZERO.   The only way he gets paid anything at all is to make the stock price go up.  That the current value of the options is $73m only means he will be able to claim that as a capital gains loss if they expire worthless.
 
2013-10-04 12:27:18 AM  
Let's not forget, here, that he also happens to own a quarter of the company he himself built, worth about $36 BILLION.
 
2013-10-04 12:30:30 AM  
Stockholders have already shown they're not too chuffed with Ellison's whopping package, with the majority rejecting the company's pay practices in a non-binding Say on Pay vote last year

This is the problem right here.  Shareholders can pass non-binding resolutions all day long but at the end of the day they mean squat.
 
2013-10-04 01:20:58 AM  

whistleridge: Sailboats. That go FIFTY FIVE FREAKING MILES PER HOUR. No, he didn't design them personally, but he's still the person who by and large funded and shoved this through. I'd say he earned it right there, regardless of what Oracle does or doesn't do.

Old and busted:

[graphics8.nytimes.com image 600x350]

New hotness:

[yachtpals.com image 500x566]


It's a farking abomination. I haven't kept up with America's Cup for quite a long time so I was watching this year and assumed I was watching some America's Cup attached event with these goddamn catamarans. I watched 3 days of it until I realized that this was the class they were using to contest the actual America's Cup.

I was like.. way to destroy the tradition of the sport. Might as well play golf with golfball launching mortars.
 
2013-10-04 02:05:21 AM  

Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.


I would have just lifted some reels of 2" tape. That stuff was expensive.
 
2013-10-04 06:59:46 AM  

js34603: Deserves got nothing to do with it.


 I was building a house.
 
2013-10-04 07:22:10 AM  

Sergeant Grumbles: rumpelstiltskin: How many people do you think there are, who buy a publicly traded company because they actually want to run something?

It makes one wonder why they deserve anything at all for their lack of effort.


I heard the exact same comment at dinner last night, only it was "they" talking about poor people.
None of you farking people deserve anything. Some have, and some have not. I would like to see the people who have share more, because I like people in the abstract. I like the idea of people, and I wish you would be nicer to each other. But then I spend time with actual people, real people, not just thinking about people, and it becomes harder to give a shiat.
 
2013-10-04 07:23:41 AM  

Phil Moskowitz: whistleridge: Sailboats. That go FIFTY FIVE FREAKING MILES PER HOUR. No, he didn't design them personally, but he's still the person who by and large funded and shoved this through. I'd say he earned it right there, regardless of what Oracle does or doesn't do.

Old and busted:

[graphics8.nytimes.com image 600x350]

New hotness:

[yachtpals.com image 500x566]

It's a farking abomination. I haven't kept up with America's Cup for quite a long time so I was watching this year and assumed I was watching some America's Cup attached event with these goddamn catamarans. I watched 3 days of it until I realized that this was the class they were using to contest the actual America's Cup.

I was like.. way to destroy the tradition of the sport. Might as well play golf with golfball launching mortars.


That would be an improvement.
 
2013-10-04 07:31:10 AM  
Oracle defends Larry Ellison's whopping package

Okay I giggled
 
2013-10-04 08:50:00 AM  
My headline would have said something about his package.
 
2013-10-04 09:33:02 AM  

spickus: js34603: Deserves got nothing to do with it.

 I was building a house.


I was lucky in the order
 
2013-10-04 12:27:59 PM  

Marcus Aurelius: Arkanaut: Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.

Worked for Gates and Jobs.

//and apparently Zuckerberg learned that lesson as well

Behind every great fortune lies a great crime.


Gates I'll agree with but what great crime did Jobs commit?
 
2013-10-04 01:56:10 PM  

relaxitsjustme: Marcus Aurelius: Arkanaut: Marcus Aurelius: Larry Ellison made his money the old fashioned way: he lifted his SQL technology directly from a CIA project that he was working on at Ampex.

Worked for Gates and Jobs.

//and apparently Zuckerberg learned that lesson as well

Behind every great fortune lies a great crime.

Gates I'll agree with but what great crime did Jobs commit?


He did cheat Woz out of money early in their careers
 
2013-10-04 10:55:19 PM  
Today was my last day at Oracle - at least until Uncle Larry acquires a future employer of mine.

//Must not all things at the last be acquired by Oracle?
 
2013-10-04 11:00:40 PM  

rogue49: A megalomaniac tech billionaire with tons of style...where's James Bond when you need him???


Larry's been on my short list of "Real Life Bond Villains" for a while.

The other name on the list?  Vladimir Putin, of course.
 
2013-10-05 01:55:20 AM  
Good to see that not one of you has a single notion towards sailing. I like witnessing humanity shiat itself wholesale.
 
Displayed 50 of 50 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report