- 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.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide