Careers Newsletter
 
NEWSLETTERS
 

CIO.com updates, insights and advice on technology, management and your career.

 
 
 
LEADERSHIP
 
CIO Executive Programs
The Leader in Face-to-Face Education for Senior Executives

Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »

 
CIO Executive Council
A Peer-Advisory Service and Professional Association for CIOs

Mid-Market CIO Panel: Tips and Techniques for Improving Vendor Relationships

July 15, 4:00 PM - 5:00 PM U.S./Eastern (GMT-4)

We'll highlight relationship priorities and best practices identified in a Council study, and we'll interact with a CIO panel on the approaches they've used to improve strategic vendor partnerships.

Secrets of Successful Vendor Contract Negotiations for the Mid-Market

Sept. 10, 2009, 11:00 AM - 12:00 PM U.S./Eastern (GMT-4)

On this free public Council teleconference, Matthew A. Karlyn, attorney at Foley & Lardner in Boston, will share tips on negotiating tactics and new, creative contract terms to help mid-market CIOs make better deals.

Executive Competencies Assessment Tool

Assess Your Business Leadership Skills with the Council's new benchmarking tool. Rate yourself in change leadership, strategy, customer focus and more.

More / Register »

Learn more about the CIO Executive Council »



 
 
RESOURCE CENTER
 
 
 
SUBSCRIBE TO CIO
 
Are you involved in setting the direction for your company's IT budget or strategy?

Apply today for a FREE subscription to CIO Magazine!

 
 
 

What Oracle's Larry Ellison Has in Common with The Simpson's Mr. Burns

Oracle luminary Larry Ellison and The Simpson's megalomaniac Monty Burns are powerful, competitive and much feared businessmen -- though, to date, Ellison has not tried to block out the sun. They also share another commonality: They're both filthy rich.

 

October 16, 2008CIO

There's a classic scene in one episode of The Simpson's when nuclear power-plant owner and gazillionaire C. Montgomery Burns gravely informs his everpresent assistant Waylon Smithers of bad financial news: "It's been a very lean year for us," Mr. Burns says, knowing the exact opposite to be true.

Then, they both yell "Money fight!" and begin chucking piles of cash at the other, giddy as can be.

It wouldn't surprise me if Larry Ellison was having "money fights" with his assistant these days.

Mr. Ellison, who recently asked for a 38 percent pay increase and got it (despite objections from some Oracle shareholders), is now the third-richest man in America, and is poised to take home a bonus of $13.6 million for Oracle's upcoming fiscal year, which excludes his annual salary (around $1 million), options granted by Oracle's compensation committee, and whatever he decides to exercise in stock options for the year. (For the record, Ellison exercised $544 million in stock options last year, which is not included in his annual compensation figures.)

But just like Mr. Burns' wealth, there can be some public disagreement on just how much Mr. Ellison actually rakes in in a given year and whether he merits that much compensation.

Mr. Burns
"Excellent." SOURCE: Copyright 2008 Fox Broadcasting Company

For Oracle's just completed 2008 fiscal year, an estimate by consulting firm Proxy Governance put Mr. Ellison's pay package at $83 million. Other estimates put it at $84.6 million. In another instance, Bloomberg estimated that the value of Oracle's options granted to Mr. Ellison was worth $58.8 million, whereas Oracle estimated that number at $71.4 million.

Nevertheless, Forbes states that Mr. Ellison is worth somewhere in the neighborhood of $27 billion, which is a pretty nice neighborhood. Mr. Burns checked in at No. 6 on the Forbes Fictional 15 list, with a net worth of $8.4 billion. (Mr. Burns, at 104 years old, nearly doubles Mr. Ellison's age, however.)

Larry Ellison
The third-richest American. SOURCE: IDG News Service

So any way you slice it, Lawrence Joseph Ellison and Charles Montgomery Burns reek of wealth.

Mr. Ellison and Mr. Burns also share an overlord-like quality at their companies. Mr. Burns is known for his maniacal control over the workers at the Springfield Nuclear Power Plant (offering them a "free beer" policy in place of a dental plan, and hiring and firing them at will). He is also known for his exalted and feared status within the town—good ole Monty once carried out a scheme to block out the sun. (To read why The Simpson's are relevant to IT management, see "What Your Team Can Learn About Innovation from The Simpson's.")

According to Bloomberg estimates, Mr. Ellison holds more than 22 percent of Oracle's outstanding stock. He also has been Oracle's public face and a "win at all costs" CEO over the years, known for his ultracompetitive business acumen and tactics. (How's that lawsuit going, SAP?)

At the recent October 2008 Oracle shareholder meeting, Jeffrey Berg, chairman of Oracle's compensation committee, noted Mr. Ellison was no ordinary CEO: "I guess as a founder, owner, operator, you can equate him to the owner of a team who can sit up in a skybox and own the franchise."

Mr. Ellison then predicted, at the shareholder gathering, that Oracle will likely emerge unscathed from the recent financial meltdown and, in fact, may "come out of this downturn stronger than we ever have before."

And perhaps a little richer, too. Excellent.

Other stories by Thomas Wailgum © 2008 CXO Media Inc.
 
 
Loading...
TOOLS
CONNECTIONS
Oracle
Springfield Nuclear Power Plant
SAP
 
WHITE PAPERS

Enterprise Performance Management

15 years after "The Performance Measurement Manifesto" was published by the Harvard Business Review, companies continue to redesign how they measure their business performance.
 

The Future of Collaboration

Oracle Beehive is the only unified collaboration solution built for the enterprise.
 

Exclusive Economist Intelligence Unit Research

Find out why - and how technology can help balance centralized control and individual autonomy.
 

ERP at the Speed of Light

Without the right strategy and tools, implementation acceleration carries the risk of abbreviated end user training and change management, over-engineering of business processes, and other problems that can lead to higher over-all cost of ownership and the erosion of business benefit.
 

Secure Training Videos to Prevent Theft

Learn how Dream Force extended their marketing reach without being constricted.
 

Prevent Intellectual Property Theft

Learn what the key components were in Hock International's purchasing decision.
 

WEBCASTS

Management Excellence: Linking Process, Operations for Agility and Profit

Linking Process, Operations for Agility and Profit
 

Managing Client Systems in the Enterprise

Keeping client systems costs under control is just one of the many initiatives IT must address when trying to manag...
 

IT Consolidation Made Easy

The Primary IT Initiative for Reducing Costs
 

Webcast with Dan Vesset: Investing in Business Analytics Technology

What exactly is business analytics and why should you care? Dan Vesset of IDC and Gaurav Verma of SAS answer this a...
 

Capitalize on Your SAP Content

After 18 years of partnership and over 3,000 successful customer deployments, Open Text has become SAP's premier pa...
 

Enterprise Cloud Computing: Ready for Primetime?

The progression toward enterprise cloud computing is happening today, as industry leaders deploy technologies that ...
 

Resource Alerts

Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.

 
FEATURED SPONSORS
 
 
 
SPONSORED LINKS
 

Disciplined Autonomy: Resolving the Tension Between Flexibility and Control

Improve ROI, lower TCO and reduce energy consumption.

Introducing the new HP ProLiant G6 server family

Accenture: Outsourcing for Competitive Advantage. More...

Better spam protection with Postini for just $1/user/mo

Introducing the new HP ProLiant G6 server family

infoBOOM! - The Mid-Sized Company CIO's Exclusive Community

Accenture IT Consulting: Logical meets technological. More . . .

The Fraudster Economy Model: Operating a Business in the Underground

Payback in 9 months with CA Spectrum solutions

The Case for Investing in Business Analytics Technology. Read white paper.

Live Webinar: Applying Business Analytics. Click here to learn more

Seven Ways ITIL Can Help You in an Economic Downturn

Developing A Dynamic, Real-Time IT Infrastructure

Maximizing the Business Value of the PC Infrastructure

Communications and Collaboration Needs at Business Organizations

Using Open Source to Deploy Web Applications

Cloud Computing: Read about VMware's compelling vision & set of products

Enterprise PBX Buyer's Guide

Secondary Market Primer: Your Network at Half Price

How Interactive Viewer Reduces the Effort to Meet Visualization Requirements

Stop Application Fraud at the Source with Device Reputation

Learn about the VMware vSphere (TM) & Intel (R) Xeon (R) Processor 5500 Series

Learn how a virtualized enterprise can help your company reduce costs

Why Isn't Server Virtualization Saving Us More?

64-page prescriptive guide to security, compliance, and IT operations.

Get Google Enterprise Search for your business information.

Accenture IT Consulting: Enabling high performance. More...

Top Five CIO Challenges

Insight makes it easy to spend your Microsoft subsidy check.

Five minute business analytics assessment. Immediate results.

Dangerous Collaboration Practices: 5 Ways IT Can Minimize Risk

Accenture: Outsourcing for uncertain times. Click to learn more.

Keep online transactions fast with CA Wily APM

Get agile IT security with CA Security Management

Trade in your old laser printer and get up to $1000 back!

Taking the Service Desk to the Next Level

Revolutionizing Enterprise Application Deployment

Why Data Loss is Increasing--and What You Can Do About It

Data Loss Prevention: A Better Way to Approach Security

Learn how to managing client systems in the enterprise.

Build a High-Performance Open Web Platform

Mid-Sized Company CIO Community: infoBOOM!

Enterprise PBX Comparison Guide

Getting Value from Outdated Networking Equipment

Top-line Performance that's Bottom-line Efficient

White Paper: 8 Key Ingredients to Building an Internal Cloud

Read about virtualization and consolidation effort best practices

Building the Virtualized Enterprise with VMware Infrastructure

The Global Marketplace Today: Strategies for Tough Times