- Associated Press - Wednesday, September 8, 2010

THE PAY: Oracle Corp. plans to give newly appointed co-President Mark Hurd a base salary of $950,000 annually. Hurd is also eligible for a target bonus of $5 million.

THE OPTIONS: The company will also grant Hurd options to buy 10 million Oracle shares, plus 5 million more every year for the next five years.

THE BACK STORY: Hurd was ousted last month as CEO of Hewlett-Packard Co. after an investigation found he filed inaccurate expense reports. He has insisted he didn’t prepare his own expense reports.

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