Oracle Corporation (ORCL): CEO Salaries Sport Princely Gains

I think more investors would rather have Buffett or Mackey at the helm of their company than the person currently raking in the dough and providing dubious results. Even with its executives getting paid a cut-rate salary, Whole Foods Market, Inc. (NASDAQ:WFM) saw revenues rise 13% last quarter and operating profits grow 21%.

Investors must stop approving exorbitant pay packages and re-electing the directors who endorse them. Despite a recommendation from proxy advisory firm Glass Lewis that investors vote against Blankfein’s pay, 87% of the shareholders voting ended up supporting it. While institutional investors play a big role in whether compensation packages get through, the individual investor can still make his or her voice heard.

Railing against runaway CEO pay is not the politics of envy at work, but rather a lamentation at the waste of shareholder resources. Taking on a more activist role in the stocks you own is an important goal-line stand that all investors need to consider.

The article CEO Salaries Sport Princely Gains originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey owns shares of Oracle. The Motley Fool recommends Apple, Coca-Cola, Goldman Sachs, and Nuance Communications and owns shares of Apple, Nuance Communications, and Oracle.

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