But in its proxy statement, Oracle says the options align Mr. Ellison's pay with company performance because they will have value only if Oracle's stock rises.

WSJ: 'Pay for Performance' No Longer a Punchline

Most important, they get the right things done without constantly pursuing other options that may or may not align to the objectives.

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It is well known that stock options do not perfectly align the interests of managers and shareholders.

ECONOMIST: No soft option