Ellison’s Paycheck Is $103 Million and He's Still a Bargain

Larry Ellison has had a hard time persuading investors like Catherine Jackson he’s worth his $103 million paycheck.

The billionaire’s compensation is creating a culture at Oracle Corp. that’s “bad verging on toxic,” Jackson, a senior adviser at pension manager PGGM, which owns 5.7 million shares of the company, said by phone. The company’s board “looks like they’re in Larry’s back pocket,” she said.