- In a non-binding vote, Oracle (ORCL +0.5%) shareholders voted against proposed exec. compensation at the software giant's annual meeting. 2B+ votes were cast in opposition, and 1B+ were cast in favor.
- Complaints about Oracle's executive pay have been growing; advisory firm ISS recently recommended shareholders vote against 8 of the company's 11 directors, citing poor oversight with regards to compensation and other matters. Larry Ellison's pay (above $60M each of the last six fiscal year) has especially drawn a lot of heat.
- Nonetheless, a majority of votes were cast in support of Oracle's directors, including those on the compensation committee, in a separate non-binding vote.