Amazon's Jeff Bezos is breathing down the neck of Oracle’s overpaid bosses. tombuerkle
Amazon Chief Executive Jeff Bezos said the company would “occasionally have multibillion-dollar failures” if it experiments appropriately to drive future growth. He cited Amazon Web Services, the company’s cloud-computing business, as one of the prominent fruits of that experimental approach.
In his annual letter to Amazon shareholders on April 11, Bezos referred to AWS’s efforts to provide alternatives to existing commercial-database products, because customers “had been unhappy with their database providers for decades” thanks to offerings that are “expensive, proprietary, have high-lock-in and punitive licensing terms.”
Separately, Oracle paid each of its two CEOs, Mark Hurd and Safra Catz, nearly two-thirds more than the next highest-paid chief executive among the 100 largest U.S. companies by revenue, compensation consultants Equilar reported on April 10. Hurd and Catz were paid a little over $108 million each last year, while Executive Chairman Larry Ellison – not included in Equilar’s ranking – received nearly $109 million. Walt Disney CEO Robert Iger ranked third in compensation at nearly $66 million.
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