#2 Top Over Paid CEOs-Lawrence J. Ellison-#UniteBlue

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Lawrence Joseph “Larry” Ellison (born August 17, 1944) is an American programmer, internet entrepreneur, adventurer, businessman and philanthropist. He was the Chief Executive Officer of the software company Oracle Corporation between its foundation in 1977 and 2014. In 2014, he was listed byForbes as the third-wealthiest man in America and as the fifth-wealthiest person in the world, with a fortune of $56.2 billion.[3]

Ellison was born in New York City but grew up in Chicago. He studied at the University of Illinois at Urbana–Champaign and the University of Chicago without graduating before moving to California in 1966. While working at Ampex Corporation in the early 1970s, he became influenced by Edgar F. Codd‘s research on relational database design, which led in 1977 to the formation of what became Oracle. Oracle became a successful database vendor to mid- and low-range systems, competing with Sybase andMicrosoft SQL Server, which led to Ellison being listed by Forbes as the richest Californian in 2006.

Ellison has donated up to 1% of his wealth to charity and has signed The Giving Pledge. In addition to his work at Oracle, Ellison has had success in yachting, through BMW Oracle Racing, and is a licensed aircraft pilot who owns two military jets.

Source: Wikipedia

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Oracle Corporation, its CEO and founder, Larry Ellison, and Ellison’s wife, Melanie Craft Ellison, gave a total of $594,950. Oracle gave 96 percent of that; the Ellisons gave only $26,400 as individuals. That relatively small amount went to two candidates for attorney general in 2006. Both candidates won their races in their respective states: Texas Republican Greg Abbott, and California Democrat Jerry Brown.

Oracle Corp gave 52 percent of its contributions, or $294,500, to California ballot measure committees. The lion’s share of that ($250,000) went to the committee Redistrict California – Yes on 77, in 2005. Proposition 77, which failed at the polls, sought to require a panel of three retired judges to adopt new redistricting plans after each national census.

Oracle gave 30 candidates and incumbents not then running for office a total of $115,800. Of the 29 candidates actively running for office, 20 won their races, for a win rate of 69 percent.

Oracle gave in 11 states; $435,000, or 77 percent of the total Oracle gave went to candidates and committees in its home state of California.

Source: followthemoney

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