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million in compensation last year coul buythe Corp. CEO another yacht, if not one quitre like his existing 452-foot, $200 million flagship. But eye-popping compensationm packages also may buy executives a whole lot more troublw atnext year’s annual meetingw than they have ever seen before. Ellison tops the San Francisco Business Times’ List of highest-paid CEOs of 2008. Whiles six of the 10 highest-paid public company CEOs in the Bay Area last yearsaw double-digit percentage increases in compensation, more than one-third of the CEOs at the region’sw 100 largest public companies made less in 2008 than they did the year Next year’s compensation figures may be even lower, said David Wise, an executive compensation expert and seniofr consultant with .
That’s in no small part due to coming “say on pay” legislation in Congress that will give shareholdermore power. “The say on pay movement is reallu looking to governby embarrassment,” Wise “Shareholders will have an annualp opportunity to tell directors how they feel and director embarrassment can be a powerful
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