How Much Are Oracle's Top Execs Paid?

Based on the proxy statement filed with the SEC that describes Oracle's Executive Bonus Plan, here's a breakdown of the fiscal 2019 compensation for six top Oracle executives.

Pay Day In Redwood Shores

Oracle's top three executives collectively saw their compensation plummet in fiscal 2019 after the technology giant failed to meet benchmarks set for the award of bonuses, stock awards and stock options.

Because Oracle fell short of those financial performance objectives for the fiscal year ended May 31, 2019, only one of the six executives for whom compensation was reported saw a performance-based bonus for the year, according to a proxy statement filed with the U.S. Securities and Exchange Commission. Executive Chairman and CTO Larry Ellison, CEO Safra Catz and CEO Mark Hurd -- who passed away on October 18, 2019, three weeks after the statement was filed -- received neither bonuses nor stock awards in fiscal 2019.

Executive Vice President and General Counsel Dorian Daley earned a bonus plus stock awards, while Executive Vice President and Chief Corporate Architect Edward Screven earned stock awards. Vice Chairman Jeffrey Henley took home stock options instead.

Based on the proxy statement filed with the SEC that describes Oracle's Executive Bonus Plan, here's a breakdown of the fiscal 2019 compensation for those six Oracle executives.

Executive Chairman and CTO Larry Ellison

Larry Ellison's base salary as Oracle's CTO is $1, and the Silicon Valley mogul hasn't seen a raise since 2011.

That's because Oracle's Compensation Committee has deemed the company founder's direct compensation should be entirely "at-risk"—meaning subject to meeting objectives.

That didn't work out well for Ellison in 2019; he was denied both a bonus, and stock awards for the fiscal year. But don’t start worrying just yet about Ellison's ability to make rent. After all, he's the seventh richest person in the world, according to Forbes.

In 2019, the overwhelming bulk of Ellison's compensation—$1,653,888—came in the form of security Oracle provided at his house and at public events.

The rest of Ellison's "other compensation" included $5,126 that Oracle matched as part of a 401(k) plan, and insurance and disability benefits of $3,235. Ellison also got $578 in legal services to help him comply with reporting obligations for his political contributions.

The 2019 pay was a sharp decline from 2018, when Ellison's total compensation amounted to $108,931,643, thanks to stock options he received that year.

And lest we forget, Ellison owns almost 30 percent of Oracle, which saw modest gains over the fiscal year, from $47.35 on June 1, 2018 to $50.60 on May 31 of 2019.

CEO Safra Catz

Safra Catz, a former banker who climbed the ranks at Oracle to CFO and then to sharing the top job in 2014 when Ellison stepped into the CTO role, got $950,000 in base salary in 2019, and little more.

Catz hasn't seen a raise since 2012, which precedes her time splitting the CEO slot with Mark Hurd.

In addition to her salary, Catz also received $15,981 in insurance benefits, 401(k) matching, and legal services ($301) to help comply with reporting obligations for political contributions.

Unlike Ellison and Hurd, Oracle didn't shell out more than a million dollars from the company account to pay for her security at home and on the road.

Catz took a major pay cut from 2018, when she earned $108,282,333. That whopping amount, more than 100 times what she brought home this year, came mostly through stock options and non-equity incentive plan compensation.

CEO Mark Hurd

Mark Hurd, who was 62 when he died, was the engine of Oracle's sales operation, the company's industry prognosticator, and its chief evangelist with enterprise customers.

Like his co-CEO Safra Catz, Hurd earned $950,000 in base salary, an amount that hadn't changed since 2012, and no bonuses or stock awards.

But Hurd's total compensation in 2019 was officially much higher than Catz's thanks to $1,523,265 he received from Oracle to protect him in his residence and at some public events.

Hurd's "other compensation" consisting of the $1.5 million security fees, along with 401(k), insurance, and legal services ($301) to advise him in making political donations, generated total compensation of $2,481,646.

Executive Vice President, Chief Corporate Architect Edward Screven

Edward Screven, the executive behind Oracle's technical strategy, was the only senior leader to get a raise in fiscal year 2019.

Screven's base pay went up to $700,000 from $600,000 in 2018, and he claimed stock awards of $33,460,000, though no bonus.

Screven also got $8,619 in "other compensation", including 401(k) matching, insurance, and legal services ($301) to advise him on making political contributions.

That lifted his total compensation from $12,990,599 in 2018, which included $463,068 in non-equity incentives and $11,918,750 in direct stock awards, to $34,168,619 in 2019.

Screven, who has been with the company since 1986, leads company-wide strategic initiatives, including industry standards and security, and drives technology and architecture decisions across all Oracle products.

Vice Chairman Jeffrey Henley

Jeffrey Henley, a powerful force on Oracle's board of directors, took home $650,000 in base pay in 2019, along with $3,556,000 in stock options.

With another $8,615 in "other compensation", including 401(k) matching, insurance, and legal services of $682 to advise him on complying with political contribution laws, Henley's total compensation this year came in at $4,214,615.

Henley was Oracle's CFO for more than a decade leading up to him chairing the company's board in 2004. He stepped down to vice chairman in 2014 to allow Ellison to take that seat.

Information wasn't presented to the SEC on his compensation in 2018.

Executive Vice President and General Counsel Dorian Daley

Oracle's top lawyer had the rare distinction of a bonus in 2019, as her evaluation is not directly linked to the company's financial performance.

Dorian Daley, executive vice president and general counsel, ultimately got $400,000 beyond her base pay—just more than half the target bonus opportunity of $750,000 set by the Compensation Committee.

"That award came in recognition of Ms. Daley’s significant contributions to Oracle’s legal strategy and successes," the Compensation Committee told the SEC.

While being the recipient of a performance-based bonus must be gratifying, Daley, who began her career at Oracle in 1992, was probably more pleased with the $6,766,500 in stock awards she simultaneously earned.

That equity, along with $8,291 in benefits and legal services to guide her political contributions, brought Daley's total compensation for 2019 to $7,999,791.

Information wasn't presented to the SEC on her compensation in 2018.