As Oracle heads into 2009, CEO Larry Ellison has a $13.6 million carrot dangling in front of him.
That's the maximum bonus award the billionaire will be eligible for under the company's 2009 bonus plan, which was approved by shareholders during Oracle's annual meeting last week.
According to a Securities and Exchange Commission filing:
Under the Bonus Plan, participants will be eligible to receive awards based upon the attainment, in fiscal 2009, and certification of, certain performance criteria established by the Compensation Committee. For fiscal 2009:
(a) Mr. Ellison, our Chief Executive Officer; Mr. (Jeff) Henley, … Read more