9 gigantic bonuses that make yours look like chump change

Seven-figure cash bonuses sweeten tech CEOs' pay packages

By , Network World |  IT Management, slideshow

Who: Oracle CEO Larry Ellison 

Bonus amount: $6.5 million

Total 2010 compensation: $70.1 million

Company performance: Oracle grew revenue 15% -- from $23.3 billion in 2009 to $26.8 billion in 2010 - in its fiscal year ended May 31, 2010. Net income climbed 10% from $5.6 billion to $6.1 billion.

Justification for bonus: Oracle awarded Larry Ellison a $6.5 million bonus, up significantly from the $3.6 million he netted in 2009. "For fiscal 2010, our named executive officers each received a cash bonus ... that was approximately 155% of their target bonuses and were paid an average of 78% more than the bonus amounts they were paid in fiscal 2009," Oracle said in its proxy statement. The big increase is because the company's non-GAAP pre-tax profits grew significantly during fiscal 2010 and exceeded the target levels set by the compensation committee, Oracle says.

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