CEO Pay: Big Bucks for Tech's Chief Executives

Salaries, bonuses, perks and stock awards added up to big pay packages for tech CEOs in 2008.

By Ann Bednarz, Network World

The bulk of Larry Ellison's 2008 pay package came in the form of option awards, which were valued at $71.37 million—at the time they were granted. Ellison also received a $1 million salary, $10.78 million performance-based cash bonus, and $1.45 million in other compensation. His package was up 38% from 2007, when his pay was valued at $61.2 million. Oracle's performance was also up some. In its 2008 fiscal year, which ended May 31, Oracle reported revenue of $22.4 billion (up 25% from $18 billion in fiscal 2007), while annual net income hit $5.5 billion (up 29% from $4.3 billion).
Slideshow republished with permission from Network World. (View original version.)