Larry Ellison is stepping down as Oracle's CEO, a position he has held at the company since he founded it in 1977.
Ellison is the world's top-paid CEO,
bringing in $78.4 million last year. Technically, his salary is only $1
-- he gets paid in company stock options. He's the fifth-richest person
in the world, with a net worth of $51 billion, according to Forbes.
Safra Catz and Mark Hurd, Ellison's top lieutenants, will replace him
as co-CEOs. Catz has been Oracle's president since 2004, and Hurd joined
Oracle after his unceremonious ouster as CEO of Hewlett-Packard (HPQ, Tech30) in 2010
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