BILLIONAIRE BACKLASH: Shareholder activist CtW Investment Group is vowing to lead a campaign to dump part of Oracle's board of directors unless the business software maker changes a system that has consistently made company co-founder Larry Ellison one of the world's best-paid CEOs. The hefty pay has helped Ellison build upon a fortune estimated at $41 billion.
NOTHING WRONG HERE: In a letter to CtW released in a Wednesday regulatory filing, Oracle Corp. staunchly defended its compensation formula and argued Ellison has proven he is worth the money.
POTENTIAL SHOWDOWN: The disagreement could spark fireworks at Oracle's annual shareholder meeting on Oct. 31.
- Larry Ellison