Oracle's Ellison gets 18% lower salary

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Larry Ellison, the CEO of Oracle Corp., decided to refuse his annual bonus for the fiscal year 2013, as the company missed profit estimates. Thus, he will get the $78.4 million annual salary, a decrease of 18% from the previous year. Currently he is ranked eighth richest man is the U.S., as his fortune is estimated at $41.8 billion. Oracle Corp. stocks are trading 0.5% higher to $34.05 at the pre market in New York.
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