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US$5m Bonus As Part Of Package
Source: Agencies |
September 9, 2010, Thursday
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Print Edition
Print Edition
ORACLE plans to pay newly appointed President Mark Hurd US$950,000 a year. The company also says the former Hewlett-Packard Co CEO, who was ousted by that company last month, is eligible for a fiscal 2011 bonus of US$5 million.
In a filing with the Securities and Exchange Commission yesterday, Oracle Corp added that Hurd's bonus will not exceed US$10 million. Hurd's offer letter also includes details on potential stock options.
HP said on Tuesday that it has filed a lawsuit against Hurd to prevent him from taking the Oracle job.
In a filing with the Securities and Exchange Commission yesterday, Oracle Corp added that Hurd's bonus will not exceed US$10 million. Hurd's offer letter also includes details on potential stock options.
HP said on Tuesday that it has filed a lawsuit against Hurd to prevent him from taking the Oracle job.
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