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Oracle’s Ellison Top Paid CEO Of Decade With $1.84 Billion

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By Douglas A. McIntyre Updated Published
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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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