REDWOOD CITY, Calif. (AP) — The value of Oracle founder and CEO Larry Ellison's pay package dropped 18 percent in fiscal 2013 after the company missed its internal financial targets and Ellison declined his annual cash bonus. According to a review by The Associated Press of a securities filing released today, Ellison earned about $78.4 million, much of it from stock options. The 69-year-old's annual salary is $1.
LOS ANGELES (AP) — Testimony has ended in a negligence lawsuit against the promoter of Michael Jackson's planned comeback concerts. Closing arguments in the case are expected to begin on Tuesday. Jackson's mother is suing concert promoter AEG Live LLC claiming it negligently hired Conrad Murray, who was later convicted of causing the superstar's death.
SAN DIEGO (AP) — Two Democrats and a Republican have emerged as top contenders for San Diego mayor in an election to fill the rest of the term of Bob Filner, who resigned amid allegations of sexual harassment. Republican City Councilman Kevin Faulconer and Nathan Fletcher, a former Republican state assemblyman, and Democratic City Councilman David Alvarez have been actively campaigning.
PORTERVILLE, Calif. (AP) — Some residents in the Central California town of Porterville say the removal of the mayor and vice mayor is retaliation for a gay pride proclamation. The Porterville Recorder reports the city council says the vote to reorganize itself Tuesday had nothing to do with the proclamation. But the same councilmembers rescinded the proclamation made by Mayor Virginia Gurrola and supported by Vice Mayor Pete McCracken.