Oracle CEO Larry Ellison's pay jumps 24% to $96 million

One of Oracle's top executives made more money than Larry Ellison last year, but for fiscal 2012, the CEO is back on top of the pay rankings with a package valued at a whopping $96 million.

As usual, the bulk of Ellison's compensation is equity based. He received option awards valued at $90.7 million, up 45% from $62.7 million in 2011. He also received a performance-based cash bonus of $3.9 million, down from $13.3 million a year earlier. Ellison received a token $1 salary, the same amount he received a year earlier.

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On the perks front, Oracle paid a $1.5 million tab to secure Ellison's residence.

"Our Board of Directors has established a residential security program for the protection of our CEO requiring him to have a home security system at his primary residence, including security personnel. We require these security measures for Oracle's benefit because of Mr. Ellison's importance to Oracle, and we believe these security costs and expenses are appropriate and necessary," the vendor states in its proxy statement.

Ellison paid for the initial procurement and installation of the equipment, and he pays for equipment maintenance, according to the filing with the U.S. Securities and Exchange Commission. Oracle pays for the annual costs of security personnel.

Ellison's total pay is up 24% compared to 2011, when his compensation was valued at $77.6 million.

Mark Hurd, former HP CEO and current Oracle president, netted a pay package worth $51.7 million in Oracle's 2012 fiscal year, which ended May 31. Hurd's compensation included a $950,000 salary, option awards valued at $48.3 million, a $2.4 million performance-based bonus, and perks and other compensation worth $18,757.

Safra Catz, Oracle president and CFO, received a nearly identical $51.7 million pay package.

A year earlier, Hurd inched ahead of Ellison in Oracle's pay rankings with a $78.4 million pay package, compared to Ellison's $77.6 million.

Total pay for Ellison, Hurd and Catz is calculated using data supplied in a proxy statement filed with the SEC on Sept. 21. The following figures are taken from the summary compensation table: salary, option awards, non-equity incentive place compensation (performance-based cash bonus), and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.

Ann Bednarz covers IT careers, outsourcing and Internet culture for Network World. Follow Ann on Twitter at @annbednarz and check out her blog, Occupational Hazards. Her email address is abednarz@nww.com.

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This story, "Oracle CEO Larry Ellison's pay jumps 24% to $96 million" was originally published by Network World.

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