The Earth-observation satellite, named in honour of Mohamed Bin Zayed, will be launched on a SpaceX rocket
space9 hours ago
Ellison, one of the most highly paid chief executive officers in the United States, and the world’s sixth-richest man, according to Forbes, received total compensation for the year ended May 31 of $96.2 million, almost all of it in stock options. That compared with 77.6 million in the prior year.
His compensation rose during a period in which the company’s shares fell 23 percent, underperforming the Nasdaq Composite Index, which was little changed during the same period.
Company spokeswoman Deborah Hellinger declined comment on the compensation package, which was disclosed in an annual filing with the US Securities and Exchange Commission.
The board’s executive compensation committee said in that disclosure that its long-standing approach has been to “provide total compensation opportunities that are significantly above the average of our peer group.”
That group includes Apple Inc, Cisco Systems Inc , International Business Machines Corp and Microsoft Corp.
Ellison, 68, has been CEO since he co-founded the company 35 years ago, making him the longest-running chief executive at a major Silicon Valley firm.
The Earth-observation satellite, named in honour of Mohamed Bin Zayed, will be launched on a SpaceX rocket
space9 hours ago
Wednesday's defeat to Punjab was a big blow to Royals' hopes of a top-two finish
cricket9 hours ago
Higher education institutes under the federal government will also have a new system of scholarships so that it meets labour market demand
uae10 hours ago
The Cabinet has also announced a new position, CEO for Artificial Intelligence, across ministries and federal entities
uae10 hours ago
Dubai Civil Aviation Authority shines spotlight on air transport enablement at Airport Show 2024
aviation11 hours ago
Family-owned conglomerate committed to nurturing the development of Emirati workforce
business11 hours ago
The digital asset industry is experiencing exponential growth
tech11 hours ago
Urban Ledger debuts at Seamless Middle East 2024
tech11 hours ago