Larry Ellison, head of Oracle, doesn't see eye to eye with Larry Page, head of Google
There remains some bad blood between two very wealthy Larrys, one of which is the CEO and co-founder of Oracle (Larry Ellison) and the other Google's chief and co-founder (Larry Page). The two companies are gearing up for trial in a U.S. appeals court over a lawsuit surrounding Google's Android operating system and Oracle's Java platform, and from Ellison's vantage point, what Google did with Android was downright "evil."
When Oracle acquired Sun last year, it did so for things like the Java platform and the Solaris operating system, not servers running on Intel's x86 architecture. In fact, even though Sun thought it could become a major seller of x86 servers prior to the buyout, Oracle CEO Larry Ellison now says that the company makes next to no money on them and plans to start phasing x86-based servers out entirely in 2012 favor of more profitable Solaris/SPARC-based hardware.
He was in the crosshairs at the start of this year when his mistress of eight years YaVaughnie Wilkins went public with their affair using a billboard campaign. Phillips is also a member of President's Economic Recovery Advisory Board.
His replacement, Mark Hurd, is no stranger to controversies either. It was a sexual-harassment probe that led to Hurd's exit from HP. "Mark did a brilliant job at HP and I expect he'll do even better at Oracle," said CEO Larry Ellison in a statement,” said Oracle CEO Larry Ellison in a statement.
At the time of Hurd's departure from HP, Ellison was critical of of the role HP's board payed in Hurd's exit. In an email sent to the New York Times, he had called it the “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.”
If you would have raked in $1.83 billion over the past decade, you'd "only" be the second highest compensated executive, falling short of the $1.84 billion Larry Eillison, founder and chief executive of Oracle, lined his pockets with, according to The Wall Street Journal.
Of course, you and I didn't come in second, but Barry Diller did, who received about $1.14 billion from IAC/InterActive and Expedia.com.
And what about Steve Jobs? He came in fourth with $749 million, trailing behind Occidental Petroleum Crop. CEO Ray Irani at $857 million. In fifth place was Richard Fairbank, CEO of Capital One, who earned $569 million.
Interestingly, four of the top 10 highest-paid executives ran companies whose shareholders held onto the short end of the stick by losing money over the decade. These include IAC/InterActive, Countrywide, Capital One, and Cendant Corp.
CEOs have drawn a lot of flak in recent times for their fat paychecks, forcing some CEOs to accept pay cuts. Oracle CEO Larry Ellison is the latest tech honcho to have his base salary trimmed down dramatically to $1. According to a regulatory document filed by his company on Friday, Larry Ellison will receive only $1 as his base salary during fiscal 2010, which began on June 1. The erstwhile richest man in the world is currently fourth on Forbes’ list of world’s most affluent people. Last year, he received a base salary $1 million, which only amounted to 1.2 percent of his total annual income. Ellison, who founded Oracle in 1977, owns a 22.7 stake in Oracle.