Larry Ellison, CEO of Oracle Corp., has joined the heads of both Apple Inc. and Google Inc. in accepting a $1 per year salary for fiscal 2010. In fiscal 2009 he was paid $1 million. Ellison, who founded the company in 1977, has ownership of 23.4 percent of Oracle’s outstanding shares, as of July, which are collectively worth $25 billion.
Nicolas Pujet, a corporate vice president and part of the strategy team at United Technologies Corp. (NYSE: UTX), will lead technology and engineering operations at UTC on an interim basis, Hartford Courant reported Wednesday.
Northrop Grumman (NYSE: NOC) has received a potential $141M task order to provide targeting pods for the U.S. Air Force.