This is not a scam. This is what Oracle chief executive officer Lawrence Ellison was paid last year. He actually earned an average of $45 790 an hour and netted just over $96 million for the year.
Oracle is a technology company which engineers hardware and software.
A new study shows that the daily pay of CEO in the United States now exceeds the annual salary of a worker.
(Larry’s hourly wage is more than the annual salary of middle managers in our part of the continent)
Nearly 50 years ago the average salary of a CEO in the United States was 20 times higher than that of the average worker. Today it is 273 times higher.