SiliconBeat

Why is this man smiling? For a second year in a row, Oracle awarded its founder, chief executive and single largest shareholder, Larry Ellison, a mega-option grant good for 7 million shares, according to a regulatory filing Ellison made last week. The option, which vests over four years, has a strike price of $20.73 when it was awarded July 3. Last year’s option grant was valued at $50 million, according to the company’s proxy from September 2007. The value of the most recent grant has yet to be published.

Ellison, who sold 102.5 million Oracle shares worth $2.2 billion in the last year, continues to own 1.15 billion shares, which were worth Read the rest of this entry »