Oracle’s Ellison Remains Highest-Paid CEO, N.Y. Times Reports

Oracle Corp. (ORCL)’s Larry Ellison was the highest-paid chief executive officer in the U.S. last year as total compensation overall rose 9 percent from 2012, the New York Times reported.

Ellison received $78.4 million, which includes salary and perks of $1.54 million, and stock options valued at $76.9 million, the newspaper said in an article published online for tomorrow’s edition. Ellison was the highest-paid executive in the same survey a year ago, with $96.2 million in compensation for 2012.

Walt Disney Co. (DIS)’s Robert Iger was second this year with $34.3 million, followed by 21st Century Fox Inc. (FOXA)’s Rupert Murdoch at $26.1 million, the Times said.

The median total compensation for U.S. CEOs rose to $13.9 million, the newspaper said, citing the survey by executive compensation tracker Equilar.

Honeywell International Inc.’s David Cote was fourth with $25.4 million, followed by David Farr of Emerson Electric Co. (EMR) at $25.3 million, the Times said. Boeing Co.’s James McNerney was sixth with $23.3 million, the newspaper said.

Seventh through 10th, respectively, were Alan Mulally, Ford Motor Co., $23.2 million; Larry Merlo, CVS Caremark Corp., $22.9 million; Paal Kibsgaard, Schlumberger Ltd., $22 million; and Kenneth Chenault, American Express Co., $21.7 million.

Equilar’s study for the newspaper covered executives at the 100 largest publicly traded companies, based on revenue, which had filed proxy statements by April 4, the Times said.

Equilar analyzed base salaries, cash bonuses, perks, stock awards and stock options given.

To contact the reporter on this story: Dan Hart in Washington at dahart@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net Mike Millard

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