News Update: Oracle Corp. to Start Hurd Off at $950K

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Uploaded by on Sep 8, 2010

Former Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd will reportedly make an annual base salary of $950,000 as the new co-president of Oracle Corp. (NASDAQ:ORCL), reports the Wall Street Journal online Wednesday. Oracle officials also said that Hurd may be eligible for a maximum $10 million bonus during the current fiscal year. The bump in pay may come in handy for Hurd, who is being sued by H-P; the company is trying to block Hurd from joining Oracle. SmarTrend currently has Oracle in an Uptrend and is monitoring these developments to alert subscribers to any change of trend.

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