After weeks of uncertainty following President Donald Trump’s executive order on TikTok—ordering its Chinese parent company to divest its American operations within 90 days—the video app that has stolen the hearts, if not the data, of millions of teens has found an American partner: Oracle.
Read moreStop Obsessing Over Exorbitant CEO Pay
Last weekend the New York Times published its annual list of executive compensation, with Oracle’s Larry Ellison topping the charts at $78.4 million (and Disney’s Bob Iger in a distant second, at $34.3 million). Pay packages have increased by an average of 9 percent since 2012, continuing a steady and spectacular rise even as average wages in the United States and throughout much of the developed world have stagnated.
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