Tag Archive for: Ellison

Why did Ellison apologize? He’s not sorry

Oracle boss Larry Ellison issued a classic non-apology apology yesterday at his company’s OpenWorld conference. Here’s what he said.

“A year ago, I was a no-show at this conference on Tuesday. So I’d like to take an opportunity to apologize to everybody, but we were desperately trying to come back from an 8-to-1 deficit in the America’s Cup and every day was sudden death but somehow we made it. So, again, apologies.”

Apologies for what?

It would seem that he is apologizing merely for his inability to be in two places at the same time.

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Network World Paul McNamara

Abuse of Larry Ellison continues unabated

How much of this abuse does the Oracle board of directors expect its rock star CEO Larry Ellison to endure?

How much of this could any CEO endure?

First, Ellison saw his total compensation slashed 18% in 2013 over 2012.

And now on top of that humiliation comes word in a regulatory filing that Oracle will be awarding Ellison fewer than half the stock options he has received in previous years.

Oh, sure, the heartless and the hate-mongers will harp on the fact that the 18% reduction still left Ellison with a total compensation package worth $ 78.4 million, highest in the tech industry. They’ll note that the 3 million stock options he’s in line to receive, while no 7 million, remain nothing to sneeze at. And that his net worth of $ 42 billion makes him the third richest American.

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Network World Paul McNamara

Google’s Page and Oracle’s Ellison meet for settlement talks (Brandon Bailey/Mercury News)

Brandon Bailey / Mercury News:
Google’s Page and Oracle’s Ellison meet for settlement talks  —  Two of the most powerful CEOs in Silicon Valley met Monday at San Jose’s federal courthouse, where a judge hoped to mediate a potentially billion-dollar software dispute between Oracle (ORCL) and Google (GOOG).

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