Oracle shareholders oppose Ellison's pay at annual meeting

A majority of shareholders opposed Oracle's executive compensation, including Chief Executive Larry Ellison's pay, in a non-binding vote on Thursday following complaints that the world's third-richest man is paid too much as his company struggles against smaller rivals. The vote against Ellison adds to a similar defeat at last year's meeting, and while it requires no action from the company, it underscores concern among shareholders about high executive compensation in the face of lackluster financial performance. A majority of shareholders voted in support of Oracle's directors, including those on the board's compensation committee - Bruce Chizen, George Conrades and Naomi Seligman.



via Business News - Yahoo Finance http://finance.yahoo.com/news/oracle-shareholders-oppose-executive-pay-173315985.html