Oracle to give former HP CEO Mark Hurd $950K salary

Posted: September 12, 2010 in Tech

Oracle Corp. plans to pay newly appointed co-President Mark Hurd a base salary of $950,000 annually and said Hurd is eligible for a target bonus of $5 million in the current fiscal year. The company will also grant Hurd options to buy 10 million Oracle shares,

Oracle released the details of Hurd’s pay package in a filing with the Securities and Exchange Commission.

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