Oracle's Top-Tier Executives Average Annual Pay Raise was 15.1% per year over the past 10 years and a much higher 27.2% per year over the most recent five years.
So what's up with the much higher 27.2% per year over the most recent five years?
Well, Oracle's Top 3 Executives (Larry Ellison, Safra Catz and Mark Hurd) made Total Compensation of $325.5 mil in annual 2018, up a blistering 165% from the $122.8 mil they made in annual 2017.
To fix Income Inequality driven mainly by Company and its Board of Director choices on Percentage Annual Pay Raises, the US Government should step in and pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick.
And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives. This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages.
Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.
I just recently have researched and made posts on Top-Tier Executives Long-Term Average Annual Pay Raise per year for each of the 30 Dow Industrial Companies. Oracle here is the fifth large non-Dow Technology Company I have made a post on and later I will be making similar posts on many more large non-Dow Companies, both Technology and Non-Technology ones, in order to get an even better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages, coupled with the stock price appreciation subsequent to the time the Top-Tier Executives were rewarded in their pay with stock equity compensation.
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| Lawrence Ellison Chair ChiefTechnologyOfficer | 108,932 | 41,272 | 41,272 | 41,519 | 41,519 | 63,640 | 63,640 | 67,261 | 67,261 | 79,606 | ||||
| Safra Catz CEO | 108,282 | 40,730 | 40,370 | 40,944 | 40,944 | 53,244 | 53,244 | 37,667 | 37,667 | 44,308 | ||||
| Mark Hurd CEO | 108,295 | 40,832 | 40,832 | 41,122 | 41,122 | 53,245 | 53,245 | 37,669 | 37,669 | 44,310 | ||||
| Thomas Kurian President Product Development | 73,800 | 35,760 | 35,760 | 35,743 | 35,743 | 36,620 | 36,620 | 26,713 | 26,713 | 31,636 | ||||
| Edward Screven EVP Chief Corporate Architect | N/A | N/A | ||||||||||||
| John Fowler Former EVP Systems | 13,559 | 13,819 | 13,819 | 18,622 | 18,622 | 13,441 | 13,441 | 15,772 | ||||||
| Totals | 399,309 | 158,594 | 171,793 | 173,147 | 173,147 | 225,371 | 225,371 | 182,751 | 182,751 | 215,632 | ||||
| Annual % Change vs Prior Year | 151.8% | -0.8% | -23.2% | 23.3% | -15.2% | |||||||||
| 5 Year Average Per Year % Change | 27.2% | |||||||||||||
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| Lawrence Ellison Chair ChiefTechnologyOfficer | 79,606 | 96,161 | 96,161 | 77,560 | 77,556 | 70,143 | 70,143 | 84,502 | 84,502 | 84,599 | ||||
| Safra Catz CEO | 44,308 | 51,696 | 51,696 | 42,096 | 42,096 | 36,434 | 36,434 | 42,353 | 42,353 | 34,098 | ||||
| Mark Hurd CEO | 44,310 | 51,698 | N/A | N/A | ||||||||||
| Thomas Kurian President Product Development | 31,636 | 36,112 | 36,112 | 33,744 | 33,744 | 28,473 | N/A | N/A | ||||||
| Edward Screven EVP Chief Corporate Architect | ||||||||||||||
| John Fowler Former EVP Systems | 15,772 | 17,313 | N/A | N/A | ||||||||||
| Keith Block EVP N America Sales&Consulting | 16,318 | 12,844 | 12,844 | 12,630 | N/A | N/A | ||||||||
| Charles Phillips Former President | 30,081 | 34,471 | 34,471 | 27,390 | ||||||||||
| Jeff Epstein Former EVP and CFO | 4,935 | 7,802 | N/A | N/A | ||||||||||
| Totals | 215,632 | 252,980 | 183,969 | 153,400 | 169,714 | 147,894 | 154,437 | 181,758 | 161,326 | 146,087 | ||||
| Annual % Change | -14.8% | 19.9% | 14.8% | -15.0% | 10.4% | |||||||||
| 10 Year Average Per Year % Change | 15.1% | |||||||||||||
| Top 3 Executives | ||||||||||||||
| Lawrence Ellison Chair ChiefTechnologyOfficer | 108,932 | 41,272 | ||||||||||||
| Safra Catz CEO | 108,282 | 40,730 | ||||||||||||
| Mark Hurd CEO | 108,295 | 40,832 | ||||||||||||
| Total of all 3 | 325,509 | 122,834 | 165% | |||||||||||
