Larry Ellison, CEO of Oracle and ultimately responsible for the software company's $5,5-billion profit in 2008, has taken home a pay packet of $84,6-million plus a bonus of $544-million from stock options.
The rewards are about 38% up from last year's, and reflect the 29% increase in Oracle's profitability as well as an 18% rise in the company's stock price.
Oracle's compensation committee agreed to the remuneration package, which had been put forward by Ellison.
Ellison has had a 31-year tenure with Oracle, having co-founded the company in 1976.
As one of the world's richest men, he owns just over 26% of Oracle, through stock options accumulated over the years.