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$1 Salary for Oracle CEO

Larry Ellison, CEO of Oracle Corp., has joined the heads of both Apple Inc. and Google Inc. in accepting a $1 per year salary for fiscal 2010. In fiscal 2009 he was paid $1 million. Ellison, who founded the company in 1977, has ownership of 23.4 percent of Oracle’s outstanding shares, as of July, which are collectively worth $25 billion.

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