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Microservices Expo: Article

It’s No HP But Hurd Won’t Starve

Ousted HP CEO Mark Hurd is going to get $950,000 in salary to start for joining Oracle as co-president

Ousted HP CEO Mark Hurd is going to get $950,000 in salary to start for joining Oracle as co-president, with a target fiscal 2011 bonus of $5 million but no more than $10 million, stock options on 10 million shares of Oracle stock and options on another five million shares in each of the next five years.

Oracle's 2011 fiscal year ends next May 31. The exercise price on the first swap of shares will be their market value at the close of the day of the grant, which is supposed to be when the Oracle board meets next.

Oracle is of course expecting Hurd's presence to move its range-bound stock price and so far he's delivered in spades. His mere appointment added ~6% on an otherwise down day, something like a $6.7 billion increase in Oracle's market cap.

By comparison, Oracle CEO Larry Ellison was paid a $250,000 salary the company's last fiscal year and a $6.5 million performance-based bonus, which is chicken feed compared to the $61.9 million he made in stock options.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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