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Adelson scores $1.2 billion, Ellison $199 million, in advance of 'dividend cliff'
Source: CNBC
The race to beat the "dividend cliff" is on - and it's generating some big pay-days for CEOs and company founders.
Larry Ellison is the latest corporate chief to benefit from the spate of special dividends or accelerated dividends announced in the fourth quarter. Oracle (ORCL) announced Monday it would pay more than $800 million in next year's dividends this month.
Ellison's share of the payout is $198.9 million, based on his ownership of 23 percent of the company's stock.
The biggest dividend payday this quarter is for Sheldon Adelson, CEO of (LVS). He'll receive about $1.2 billion from the company's dividend.
Read more: http://finance.yahoo.com/news/beating-dividend-cliff-ceos-founders-145115369.html
