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.
