published Saturday, September 21st, 2013

Business Briefs: Job fair set for Tuesday

Job fair set for Tuesday

T-Mobile, Target, Aid and Assist at Home and Allied Barton Security Services are all hiring in Chattanooga and will be part of a job fair starting at 10 a.m. Tuesday at the Olivet Baptist Church Kingdom Center, 730 E. Martin Luther King Boulevard. State Rep. JoAnne Favors, D-Chattanooga, who is organizing the job interviews in cooperation with the Tennessee Department of Labor and Workforce Development, said applicants should bring copies of their resume and dress professionally. More information is available from Peggy Mahaney at 931-239-0667.

Oracle CEO pay cut to $78 million

REDWOOD CITY, Calif. -- The value of Oracle Corp. founder and CEO Larry Ellison's pay package dropped 18 percent in fiscal 2013, to $78.4 million, after the business software company missed its internal financial targets and he declined his annual cash bonus. Ellison, 69, is one of the highest-paid executives in the country. Forbes magazine ranks him as America's third-richest person with personal wealth of $41 billion.

The biggest chunk of compensation for the year, which ran through May, came in the form of stock options, valued at $76.9 million when they were issued. Ellison also received about $1.5 million worth of benefits, mostly for security. His annual salary is $1.

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