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Business Briefing / COMPENSATION

Oracle CEO's earnings up 38%

August 21, 2008|From Times Wire Services

Software maker Oracle Corp. reported $48.4 million in annual compensation for Chief Executive Larry Ellison, a 38% increase.

His salary stayed at $1 million for the 12 months that ended in May, Oracle said in a regulatory filing. His compensation, calculated under Securities and Exchange Commission rules, included $35.2 million in stock option awards, up 47% from a year earlier.

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