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Ellison gets 20 million stock options

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CIOL Bureau
New Update

Oracle chief Larry Ellison had a bad year by some standards. His salary

declined 94 per cent from $3.75 million in wages and bonuses to just $208,000.

But not all news was bleak for Ellison, whose Oracle stock is already worth more

than the Microsoft stock owned by Bill Gates.

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Ellison received an option to buy 20 million shares of Oracle stock in a deal

that would add close to half a billion dollars to his net worth over time. Last

year, Ellison received options on 3 million shares. Ellison already owns 696

million shares of the company, worth $58 billion, just ahead of the $54 billion

worth of Gates’ 787 million Microsoft shares.

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