Dennis - don't put Chambers and Ellison (ORCL) in sainthood status quite yet. Job security protection, politics, call it what you wish, these guys have made killings off the stock they were given for zilch and sold in the past, in the name of "estate planning and diversification." They can easily afford to take $0 pay, given the perks received year-round, hidden under 'G&A' or 'capitalized acquisition costs' in the past, i.e., goodwill. Ellison has taken $0 wage pay for years.
Correct me if I'm wrong, wasn't Chambers the one who said they wouldn't expense stock options, as it would be too detrimental to Cisco's EPS?