The value of Oracle Corp. founder and CEO Larry Ellison’s pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the business software company missed its internal financial targets and he declined his annual cash bonus.
Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent.
Defending champion Oracle Team USA on Thursday dropped a Bay Area native from its sailing crew as the team tries to find a way to come back from a large deficit in the America’s Cup Finals, which resumes this afternoon in San Francisco.
An international jury has levied the harshest penalties in the 162-year history of the America’s Cup, docking defending champion Oracle Team USA two points in the finals against Emirates Team Zealand and expelling a key sailor.
An international jury on Monday began hearings into what could be one of the biggest scandals in the 162-year history of the America’s Cup.
Skipper Max Sirena of Italy’s Luna Rossa is the latest America’s Cup competitor to accuse defending champion Oracle Team USA of cheating in what potentially could be one of the biggest scandals in the regatta’s 162-year history.
The new, cutting-edge America’s Cup boats are not without criticism and Oracle’s Larry Ellison defends what some call risky engineering and sailing tactics, explaining, “It has to be a little bit risky.”
The head of America’s Cup challenger Emirates Team New Zealand has accused defending champion Oracle Team USA of cheating in the latest controversy in sailing’s premier regatta. “You can’t actually get to any other point than the fact they were cheating,” he said.
Larry Ellison, America’s third richest man and the CEO of Bay Area tech giant Oracle, took aim at Google in a wide-ranging interview with CBS News, calling out Google CEO Larry Page “specifically” for overseeing Google’s decision to “take our [Oracle's] stuff.”
Oracle CEO Larry Ellison said the National Security Agency’s surveillance program is “absolutely essential” in the war against terrorism.