????甲骨文公司（Oracle）股東對(duì)拉里?埃里森的巨額薪酬已經(jīng)忍無可忍。

????甲骨文公司與其他美國公司一樣，必須在每年的股東大會(huì)上提交高管薪酬方案，由股東投票表決。過去三年中，甲骨文公司所獲最高支持率為三分之二；而在過去兩年中，有五分之三的大股東對(duì)高管薪酬方案持反對(duì)意見。而這個(gè)結(jié)果應(yīng)該在意料之中。多年來，甲骨文公司的股東一直在提出決議，反對(duì)公司的高管薪酬方案，今年也不例外。

????因?yàn)榧坠俏腃EO拉里?埃里森擁有公司約25%的已發(fā)行股票，甲骨文公司最后還是獲得了對(duì)薪酬方案的微弱支持。埃里森不會(huì)投票反對(duì)自己的薪水，但是，如果刨除埃里森的股份，幾乎沒有股東會(huì)批準(zhǔn)這家公司的高管薪酬方案。

????去年，埃里森的薪酬約為1.53億美元，躋身美國薪水最高的高管之列。他薪酬的98%左右通過行使股票優(yōu)先購買權(quán)獲得；而他的薪水只有1美元。過去七年中，甲骨文公司董事會(huì)每年都會(huì)向埃里森授予700萬份股票期權(quán)。這么高的幾率，，想不取得巨額收益都難。

????雖然缺乏對(duì)薪酬方案的支持，但去年，甲骨文公司的薪酬委員會(huì)還是決定，“沒有充分理由對(duì)高管薪酬方案進(jìn)行重大改革，”同時(shí)再次向埃里森授予了700萬份期權(quán)。甲骨文公司目前尚未公布任何薪酬方案變更計(jì)劃，公司發(fā)言人也拒絕發(fā)表評(píng)論。

????各家公司通常依據(jù)同業(yè)公司高管的薪酬確定本公司CEO的薪酬。但是，在甲骨文公司界定的同業(yè)公司中，CEO們的薪酬遠(yuǎn)遠(yuǎn)低于埃里森的薪酬。高管薪酬研究公司Equilar近期為《紐約時(shí)報(bào)》（New York Times）開展的薪酬調(diào)查顯示，2013年，埃里森的薪酬達(dá)到7,840萬美元，在美國前200名高薪CEO中名列第三。而且，這個(gè)排名還只計(jì)算了他在2013年獲得的700萬份股權(quán)的價(jià)值，不包括行使原有期權(quán)獲得的收益。思科公司（Cisco）的約翰?錢伯斯2013年的薪水為2,100萬美元，與埃里森的薪水最為接近，而高通公司（Qualcomm）的保羅?雅各布以2,040萬美元的薪水緊隨其后。

????甲骨文的其他同業(yè)公司高管的薪水如下：惠普公司（HP）瑪格利特?惠特曼1,760萬美元；IBM公司（IBM）羅睿蘭1,400萬美元；購物網(wǎng)站eBay約翰?唐納荷1,380萬美元。他們的薪酬都沒能進(jìn)入前200名。

????那么，甲骨文公司到底怎么想的？甲骨文公司遠(yuǎn)遠(yuǎn)不是業(yè)內(nèi)最大的公司。例如，2013年，IBM的收入約為1,000億美元，而甲骨文公司的收入僅為370億美元。

????Oracle shareholders have had enough with Larry Ellison’s gargantuan paycheck.

????Like other U.S. companies, the company must submit its top pay packages to an annual shareholder vote. Over the last three years, the best Oracle ORCL 0.33% could muster was two-thirds support, and, in the last two years, a three-fifths majority opposed the plans. This should not come as a surprise. Oracle shareholders have been putting forward resolutions objecting to executive pay for years. And this year looks to be no different.

????Oracle has only managed to gain the little support it has for its pay packages because CEO Larry Ellison owns some 25% of outstanding shares in the company. He’s not going to vote against his own pay, but if you take those shares out of the mix, hardly any shareholders approve of the executive salaries at the company.

????Last year, Ellison made almost $153 million, making him one of the highest paid executives in the U.S. Some 98% of this compensation came from profits on exercising stock options; he only gets $1 in salary. In each of the last seven years, Oracle’s board has awarded Ellison 7 million stock options. It’s not hard to make a vast amount of profit when the odds are that great.

????Despite the lack of support for its pay policies, last year Oracle’s compensation committee determined “that significant changes to our executive compensation program were not warranted,” and it awarded Ellison another 7 million options. The company has not announced any plans to change to its pay practices. A spokesman for Oracle declined to comment.

????Companies often determine how much they pay their CEOs based on how much similar companies pay their chief execs. But none of the CEOs at companies that Oracle itself has identified as peers are paid anywhere near as much as Ellison. A recent Equilar pay surveyfor the New York Times pegs Ellison at No. 3 out of the top 200 highest paid CEOs in the U.S., with $78.4 million in compensation in 2013. That’s just counting the value of the seven million options he received in 2013 rather than the profits made on exercising older options. The closest peer is Cisco’s John Chambers, who made $21 million in 2013, then Paul Jacobs at Qualcomm with $20.4 million.

????The only other peers in the list are HP’s HPQ 5.30% Margaret Whitman at $17.6 million, IBM’s IBM 0.74% Virginia Rometty at $14 million and John Donahoe at eBay with $13.8 million. None of Oracle’s other peers made the top 200.

????So, what is Oracle thinking? It’s far from the largest company in its peer group. IBM’s revenues for 2013, for example, were almost $100 billion, compared to $37 billion at Oracle.