ORCL Oracle Corp

Oracle Corp.'s founder and longtime chief executive Larry Ellison made $63.6 million in 2014, reflecting an adjustment to stock compensation after he stepped down from the chief executive post.

Now the company's chairman and chief technology officer, Mr. Ellison's base salary was $1, the same amount it has been since 2011.

Mr. Ellison, who historically has been at or near the top of the country's highest paid CEOs rankings, left the CEO post in September 2014.

Meanwhile, Safra A. Catz and Mark V. Hurd, who succeeded Mr. Ellison as co-chief executives, saw a 41% increase in pay in the year ended May 31, largely tied to stock compensation from their new posts. Their base salaries were unchanged at $950,000.

The Redwood City, Calif., maker of business software has reported disappointing results in recent quarters amid a shift from software sales to a services business. Technology companies increasingly have opted for such service contracts, which offer a more predictable cash stream but which initially lower revenue as sales are booked over the course of a contract rather than when a sale is made.

Write to Maria Armental at maria.armental@wsj.com

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(END) Dow Jones Newswires

September 25, 2015 18:25 ET (22:25 GMT)

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