Mark Hurd will receive an annual salary of $950,000 and a bonus of as much as $10 million for fiscal 2011 in his new position as president of Oracle (ORCL), according to a regulatory filing.

Hurd, who resigned as CEO of Hewlett-Packard (HPQ) last month over allegations of falsified expense claims, will also have the option to buy 10 million shares in Oracle, and a further 5 million shares in each of the next five years.

Hurd's total compensation from HP was $24.2 million in 2009, The San Francisco Chronicle reported. Of course, if Hurd were to rise to become the next CEO of Oracle, replacing Larry Ellison, he could earn more than in his HP days.

As CEO of HP, Hurd more than tripled the company's profit and expanded the business with acquisitions worth more than $20 billion.



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papafelix53

This guy is worth every penny they pay him. Those idiots at HP should leave him alone. What do expect him to do? Sell hot dogs?

September 08 2010 at 10:26 PM Report abuse rate up rate down Reply
mileybug

Articles like this just add salt to the wounds of all the Americans without jobs or having gotten new jobs at far less than what they were making in the past. How does an article like this make anyone feel better? Certainly doesn't illicit any sorry feelings for poor Mr Hurd. And the parrot/herder Tea Partiers and conservative poor people of the GOP really believe voting for republicans will help them be like the rich people in this country????? Better look again. Where do you stand in the grand scheme of GOP opulance?

September 08 2010 at 4:11 PM Report abuse +1 rate up rate down Reply
Gg

LOL

September 08 2010 at 3:23 PM Report abuse +1 rate up rate down Reply
rostra

I was sued by my former company over a non-compete agreement. I lost, why? I received compensation to sigh the agreement just like Hurd. The difference, I was making $55,000 per year in Marketing, and received a miserly 1,000 shares of company stock, which earned me all of $3300.00 at the time of sale. To bad Hurd, find another profession as I was forced to do, plus move to a State where my old company had no sites.

September 08 2010 at 12:28 PM Report abuse rate up rate down Reply
crimeslawyer

Why this obsession about this Hurd person? The San Jose Mercury News is constantly trying to desroy this man. I am sick of hearing about this guy. Let's leave him alone. Live and let live.

September 08 2010 at 11:54 AM Report abuse -1 rate up rate down Reply
linjack39

I really have no comment. This kind of money is way, way out of my league.

September 08 2010 at 11:07 AM Report abuse -1 rate up rate down Reply