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OCT 02, 2013 - Huffington Post

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Oracle Shareholders Poised To Revolt Over Larry Ellison's Pay

SAN FRANCISCO -- SAN FRANCISCO (AP) — Oracle is facing a potential shareholder revolt against a compensation formula that has consistently made its billionaire co-founder, Larry Ellison, one of the best-paid CEOs in the world. The business software maker staunchly defended Ellison's pay in a letter sent to shareholder activist firm CtW Investment Group in an effort to rally support for its board of directors before the 11 members stand for re-election at Oracle's annual meeting on Oct. 31. The letter released in a Wednesday regulatory filing came in response to a scathing attack that CtW ... Read More

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