Oracle has about 120000 employees thanks to various acquisitions. An average salary across all employees on all grades in all countries is a hard thing to come by, but $80,000 average salary + bonus + benefits is probably a reasonable ballpark. If Larry earns $76.9m as reported, that means he earns a thousand times more than the average employee, and he alone takes 0.8% of the company wage bill.
Sounds like a lot. The flip side of it is if he took no pay, you could only give every employee a £400 bonus. Better than a kick in the teeth, but hardly enough to retain someone.
Alternatively, you could give investors an additional 1.6 cents per share on their dividend each year. Given that the last quarterly dividend was 12 cents, that's actually not a bad increase.