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Shareholder Vote Against Oracle Pay: What's it Mean?

Shareholder Vote Against Oracle Pay: What's it Mean?

larryellison.jpgOracle Corp. shareholders are putting up a rare and semi-successful fight against rising executive pay at Oracle Corp. In a non-binding "say-on-pay" vote at Oracle’s annual meeting yesterday, they rejected the pay packages for top managers, including Founder and Chief Executive Officer (CEO) Larry Ellison.

The protest vote was influenced by a group of powerful institutional advisors,  including the Institutional Shareholder Services (ISS), which recommended the vote, and the California Employees’ Retirement System, which supported it.

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