Oracle Corporation (NASDAQ: ORCL) founder and CEO Larry Ellison took home the title of highest paid CEO last year according to Forbes.

Looking at the 500 biggest U.S. companies, Forbes named Ellison the highest paid because though he has a salary of "only" $1 million, he exercised stock options worth $182 million.

For 2007, Oracle's stock price moved up about $5 to $22 from about $17 - adding $25 billion in market capitalization.

The more talked-about story from the report was that last year's #1, Apple Inc. (NASDAQ: AAPL) icon Steve Jobs, dropped to #120 with compensation of $14.6 million. The year before Jobs made nearly $650 million from restricted stock grants.