The bulk of Ellison's fortune comes from his 23.5 percent stake in Oracle, the world's largest database company. He also owns a 49 percent stake in NetSuite, as well as an interest in educational software maker LeapFrog Enterprises. He has an estimated $4 billion in cash and other assets, including numerous real estate properties.
The America’s Cup yachting races will proceed as scheduled while officials await findings from a committee reviewing last week’s death of British sailor Andrew Simpson during Swedish team training on San Francisco Bay.
Organizers of the America’s Cup will work with the U.S. Coast Guard to investigate the accident that killed two-time Olympic sailing medalist Andrew Simpson during the Swedish team Artemis Racing’s practice on San Francisco Bay.
Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. to Google Inc. were rewarded for increasing profit, amassing cash and minimizing taxes.
Robert Kotick, president and chief executive officer of Activision Blizzard Inc., increased his compensation almost eightfold to $64.9 million last year, becoming one of the highest-paid CEOs in the U.S.