Larry Ellison claims CEO pay crown

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Oracle co-founder and chief executive Larry Ellison was the highest-paid CEO in the world last year, taking home US$192.9 million in total compensation..

Larry Ellison claims CEO pay crown
Forbes magazine said that Apple chief Steve Jobs, the top earner in 2006, slid to 11th on the list, taking home a modest US$14.6 million on top of his US$1 official annual salary. Jobs cashed in stock options to make US$646 million in total compensation in 2006.

Number two on the list behind Ellison was Nabel Gareeb, of MEMC Electronic Materials, who received US$79.6 million in 2007, placing him second in the tech world and sixth among all chief executives.

Cisco chief John Chambers came third with US$54.8 million, followed by HP's Mark Hurd, who took home US$27.6 million in his first full year at the helm.

Rounding out the top five was Nvidia chief Jen-Hsung Huang, who took home US$24.6 million in total compensation for his work with the graphics hardware juggernaut.

Other notable names on the list include IBM chief Samuel Palmisano, who clocked in with US$24.3 million to claim the sixth spot, and EMC chief Joseph Tucci, who took home US$20 million and claimed the eighth spot.

Rounding out the top 12 was Sun Microsystems' Jonathan Schwartz, who took home US$13.5 million over the course of the year. Schwartz ranked 130 among chief executives worldwide.
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