BUSINESS BRIEFING / COMPENSATION
Times Wire Reports
Oracle Corp. lowered Chief Executive Larry Ellison’s base salary for fiscal 2010 to $1 from $1 million in each of the previous three years.
Including stock options and other bonuses, Ellison’s compensation in the year ended May 31 totaled $56.8 million by Securities and Exchange Commission rules. That was a 17% increase over the $48.4 million he received in fiscal 2008, according to a regulatory filing.
