is larry elson in hot water. oracle team usa the defending champs are being punished by an international sailing jair for illegal modifications during last year's events. that penalty will affect its standings for this month's competition. lawrence scott is live at america's cup park with the latest. lawrence? >> how you doing? it treelly is a punishment. when you look at what's to come with the finals starting on saturday, we knew it would take a lot of victories to win the america's cup but for oracle team usa, it's going to take even more wins. take a look. the defenders will be on the defensive needing to win the first two races just to get even with new zealand. here's the punishment they're facing for ill legal weight miefgss of their ac45's used in the world series preview events. three team members were disqualified from all nasdaq the coming cup finals and one for the first four races and a $250,000 fine has been leveed but with two races lost before the competition zarts celebration also come after 11 t

as for that question, larry elson did answer it sort of. >> oracle team usa's billionaire owner larryfter one of the biggest comebacks in sports history, down 8 races to juan week a they won the next eight straight races to win the america's cup. what made the difference in erlison now says the team ceo made crucial adjustments to the boat. >> we're town 8 to 1, and rus el says, you know, doesn't make sense they're faster than us up wind. we just had to configure the boat properly. engineering team, guys out in the water finally broke the code. >> i asked ellison to elaborate. >> you mentioned you broke the code. a lot of people want to know what to you mean by you mroek the code. >> is rus el in the room? are we allowed to talk about that? we made a lot of changes on the boat. the boys sailed the boat quite a bit differently. we put the bow down and went fast rather than sailing hire and slower. . >> the next race can be anywhere in the country. ellison says he'd still like to kiept right here. >> we would love to come back to san francisco. it's a beautiful place to have a spectacul

let's take a look at larry elson. if you added up the compensation given over the last couple years, his compensation would be double what the realized or current market value of that compensation is in large part because oracle stock hasn't performed as well as many expected so his options are under water. >> very interesting study. mary, thank you very much. >>> amr has been cleared for take off. a judge okayed plans by the parent of american airlines to exit with bankruptcy protection and go ahead with the plans to merge with u.s. airways. the merger is conten get on the justice department lawsuit to stop the carrier from joining forces with u.s. airways because it could lead to higher fairs and less competition. >>> well, it's almost check in time for hilton hotels on wall street. the giant hotel operator owned by the black stone group filed paperwork today to begin selling stock to the public. hilton plans to use some of the $1 billion it hopes to raise from the stock sales to pay down some debt. >>> well, we beg

. >> and tom, larry elson said 8-1 is motivated. which is one way of looking at it.-8-1 down everybody thought that was it and you didn't have a prayer. what was the thinking in the group of that moment when you were staring a huge defeat in the face? >> i think for me personally when we were down 6-1, we didn't have any boat speed and it felt like we never had a chance. but in the two races we lost after that to go 8-1 down, we actually showed some real glimpses of speed. even though we lost those, two it was very close. as soon as we put a roll on, won a few in a row, the momentum kept building. and they just couldn't stop us. >> joe spithill what does it take to win the america's cup especially coming from so far beyond? >> it's a hard slog over three years for us in this campaign. and then to get at the end at the death to get so far behind it made it even harder. as a group, as a team we rose together and really fought back hard. we're all good mates. we get on well. we just took it on the chin and got on with it. >> jonathan mcbeth, i want to play you guys a li

. >> larry elson's oracle team usa suffered a major setback in its effort to retain the americas cup.esterday, an international jury docked the team two points and kicked three sailers and one shore crew member out of the event. the penalties came after oracle's boat racing in a preliminary event was found to have illegally added weight on board. the americas cup final begins on saturday, but -- >> i love larry ellison, but they seem to get caught for cheating regularly in the sailing. this is not the first time. constantly doing something to the boats. >> is it a question of flat out cheating or you're allowed to juice to a certain extent and then step back? i don't understand sailing. >> it is a weight thing and how the boats are constructed. a cheating thing where they were going to look at other people's boat and study them. >> a fine line between competition and cheating. i don't know enough about sailing. >> the way you tack and get around certain -- >> this team for some reason gets docked points more often. i don't know more often than others, but always reports that something