Oracle Corp. said Tuesday that Chairman and Chief Executive Lawrence J. Ellison was paid $7.5 million in salary and bonus for the fiscal year ended May 31, nearly double the $3.9 million he got for the previous year.
Ellison also got 2.5 million stock options for the fiscal year, compared with 900,000 in the previous fiscal year, according to a filing with the Securities and Exchange Commission.
The Redwood City, Calif., software company also said it paid $922,845 for Ellison’s required home security.
“We believe these security costs and expenses are appropriate business expenses,” the company said in the filing.
The company paid $531,000 for home security in the previous fiscal year.
As with Ellison, other top Oracle executives got substantial raises for fiscal 2005.
Safra A. Catz, a company president, got a fiscal 2005 salary and bonus of $5.7 million, up from $2.7 million the previous year. Catz got options on 750,000 shares, up from 700,000.
Chairman Jeffrey O. Henley was paid $3.7 million in salary and bonus in fiscal 2005, up from $1.6 million the previous year. Henley also got 750,000 options, up from 700,000.
Oracle said the bonus increases were based on the improvement in Oracle’s pretax operating profit.