Ellison gets 20 million stock options

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.


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.