2

Executive Compensation

Oracle's Larry Ellison received a whopping $1.84 billion in compensation over the past decade, making him the world's highest paid CEO according to a new Wall Street Journal survey of public companies. The founder and chief executive of software maker Oracle Corp. beat out rival Barry Diller, chairman of IAC/InterActive, for the top spot; Diller received roughly $1.14 billion in compensation.

Critics have charged that compensation to top managers is simply too high and should be cut back .Are such amounts excessive? In answering ,it might be helpful to recognize that superstar athletes such as Beeckham , Tiger Woods ,top entertainers such as Tom hanks and Oprah Winfrey and many more at the top of their respective fields earn atleast as much ,if not a great deal more

Required: Give responses to the questions above in about 500 words (for each question)