Home> Business» Published : 22 August, 2008 01:38:00

Oracle Corp CEO is the wealthiest business head

The founder of Oracle Corp, Larry Ellison, has now been ranked as the top-paid chief executive in the United States.

Ellison established himself as the best-paid CEO among major U.S. companies by persuading Oracle to award him a 2008 pay package valued at around $84.6 million.

His total compensation package, which has ...

...disclosed by the Securities and Exchange Commission, has put him at the top,

with an estimated US$25 billion fortune.

Most of Ellison's fiscal 2008 compensation consisted of 7 million stock options designed to give him an incentive to increase Oracle's future market value.

The options expire in July 2017.

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