Oracle

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SPG8
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Oracle

Post by SPG8 » Thu Sep 26, 2013 7:01 am

Appears Vanguard's Investing Theory is that Oracle's executive-pay is excessive .

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zaboomafoozarg
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Re: Oracle

Post by zaboomafoozarg » Thu Sep 26, 2013 10:19 am

Haha, Larry Ellison. I'm at the Oracle convention and everyone's been talking about how he ditched the keynote speech to watch his boat races.

That boat and entire Hawaiian island aren't just going to pay for themselves you know! :D

pkcrafter
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Re: Oracle

Post by pkcrafter » Thu Sep 26, 2013 11:20 am

Even with Mr. Ellison's large stake in the company, Oracle only narrowly won investor support for its executive-pay practices in 2011 and suffered a defeat in 2012. Opponents included Vanguard Group Inc. and BlackRock Inc., Oracle's largest and third-largest institutional shareholders, regulatory filings show. BlackRock also voted against the reelection of five Oracle directors, including those serving on the pay panel.

I'm very glad to see this.

Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.

Andyrunner
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Re: Oracle

Post by Andyrunner » Thu Sep 26, 2013 11:31 am

Its interesting that Mr. Ellison owns 25% of the shares and Vanguard & Blackrock together only own about 6% of the shares and the directors are narrowly getting reelected.

Sounds like Vanguard and Blackrock have a lot of supporters.

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Taylor Larimore
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The Incredible Race

Post by Taylor Larimore » Thu Sep 26, 2013 11:45 am

I'm at the Oracle convention and everyone's been talking about how he ditched the keynote speech to watch his boat races.
Mr. Ellison has his priorities right:

http://www.youtube.com/watch?v=QHdmviq1kyg

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

Jack
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Re: Oracle

Post by Jack » Thu Sep 26, 2013 12:37 pm

Taylor Larimore wrote:Mr. Ellison has his priorities right:
He may have his personal priorities right but not the shareholders' priorities. Shareholders paid him over $96 million last year to run the business. That's $260,000 a day 365 days a year.

This is reminiscent of Jimmy Cayne, CEO of Bear Sterns, paid $40 million a year, who indulged his obsession of competitive bridge, playing while his company burned.

Yet another small example of the way CEOs in recent years have come to run companies for their own benefit, the looting of shareholders.
Last edited by Jack on Thu Sep 26, 2013 1:02 pm, edited 1 time in total.

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Kevin21
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Re: Oracle

Post by Kevin21 » Thu Sep 26, 2013 12:55 pm

I think we have all done a great job of extolling the virtues of low-cost index funds, and reigning in managed fees.

This may be the next frontier of "low cost"-- reigning in excessive executive compensation.

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