Oracle really wants Mark Hurd; will pay $250 million

In what is quickly becoming one of the more expensive hiring battles in recent history, Oracle is pulling out all the stops to get Mark Hurd, former HP CEO, to join as co-President. This morning, according to Cnet, details emerged showing that Oracle is giving Hurd a base salary of $950,000. This includes a potential bonus payout of $10 million, as well as 10 million stock options, which if paid out now, would come out to roughly $240 million. After being deposed of the CEO throne at HP, for what started out as sexual harassment charges, but ended up being charges over falsified expense reports, Hurd could definitely be doing worse.

The enormous bid is likely a result of Hurd’s glittering reputation as the guy who made HP the global IT services juggernaut it is today in his five year tenure. Larry Ellison, CEO of Oracle and public defender of Hurd, said that "Mark did a brilliant job at HP and I expect he'll do even better at Oracle. There is no executive in the IT world with more relevant experience than Mark."

Hurd’s biggest obstacle is HP’s unwillingness to let him work for the competition. Ever since Oracle bought Sun Microsystems, Oracle and HP have been direct competitors in the server business. HP claims, in a non-compete lawsuit filed after Oracle offered the job, that Hurd would not be able to fulfill his job requirements at Oracle without divulging protected company secrets. While this alone won’t stop him from accepting a job at Oracle, it will severely damage any partnerships or relationships that the companies may have in the future, limiting Hurd’s capability in his new role.

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Oracle really wants Mark Hurd; will pay $250 million
Oracle have 110, 000 employees so it would be $2273 per employee. I would like to know how much they are spending on developers and RnD since as far as I remember Oracle DB software always looked like buggy beta product. Imagine what would happen if competitors used $250 millions to lure away best Oracle developers - people who actually create great things.

Funny..., that when a semi-literate IQ 95 bunch of muscle (we call them professional athletes) get a 100 mill contract for throwing a ball... nobody gets even nearly upset like when the best executive on the face of the Earth (who rescued HP from the almost deadly consequences of the work of the worst executive in the world (Fiorina) and consequently succeed to make HP more than twice the giant it was ever before) get a couple of mills from a super billionaire mega company like Oracle.

aludanyi said,
Funny..., that when a semi-literate IQ 95 bunch of muscle (we call them professional athletes) get a 100 mill contract for throwing a ball... nobody gets even nearly upset like when the best executive on the face of the Earth (who rescued HP from the almost deadly consequences of the work of the worst executive in the world (Fiorina) and consequently succeed to make HP more than twice the giant it was ever before) get a couple of mills from a super billionaire mega company like Oracle.

qft

Umm, this math is completely wrong. I think you should read up on what a stock option is. He would only make $240 million if he was given 10 million stocks. Instead he was given 10 million stock options which are currently worth $0. They are only worth something if the stock price goes up.

Come on guys, this is horrible.

He was accused of harrasing a contarcted company employee. She said he never did. In fact she stated they never had any sexual relationship at all. HP claimed they did. Since that didn't work, they came up with he fudge expense reports. Yet they show no proof of it.

Last time I check, whay company pays you if you get fired for misconduct on a job? NONE! he got paid to keep his mouth close and not to sue HP for unlawful firing. If Hurd was smart he wouldn't have taken the money and said ****you and then go work at Oracle and mastermine the best strategy knowing what HP's possible next move is and get all the money.

TechieXP said,
If Hurd was smart he wouldn't have taken the money and said ****you and then go work at Oracle and mastermine the best strategy knowing what HP's possible next move is and get all the money.

I don't think Oracle would want someone in such a high position that had a tendency of screwing a company over. I'm pretty sure he knew what he was doing.

mikefarinha said,

I don't think Oracle would want someone in such a high position that had a tendency of screwing a company over. I'm pretty sure he knew what he was doing.

+1

TechieXP said,
Last time I check, whay company pays you if you get fired for misconduct on a job?

If you're part of the board of directors, in most jurisdictions: every company.

I wish I was in demand like Mark Hurd. On a lighter note, HP should have never let Mark Hurd go. They should have jailed him for a year for what he did and have him return to work, at HP ofcourse, after his sentences.

java2beans said,
I wish I was in demand like Mark Hurd. On a lighter note, HP should have never let Mark Hurd go. They should have jailed him for a year for what he did and have him return to work, at HP ofcourse, after his sentences.

what did he do?

java2beans said,
I wish I was in demand like Mark Hurd. On a lighter note, HP should have never let Mark Hurd go. They should have jailed him for a year for what he did and have him return to work, at HP ofcourse, after his sentences.

Yea, What he did to be jailed for ?

tiagosilva29 said,

Nope. He had sex with this woman and gave her (company) contracts.

I'm not sure you know what is actually going on.

jOshay said,
I'm not sure you know what is actually going on.

I know exactly what went on.

Specifically, based on the facts that were gathered it was found that Mark had failed to disclose a close personal relationship he had with the contractor that constituted a conflict of interest, failed to maintain accurate expense reports, and misused company assets. Each of these constituted a violation of HP's Standards of Business Conduct, and together they demonstrated a profound lack of judgment that significantly undermined Mark's credibility and his ability to effectively lead HP.

tl;dr: what I said above.

Damn. The rich is always richer while hard-working workers got minimum 7 usd an hour. <sarcasm> God is so fair!! </sarcasm>

satus said,
Damn. The rich is always richer while hard-working workers got minimum 7 usd an hour. <sarcasm> God is so fair!! </sarcasm>

Well to be fair there aren't many that could do his job, or do it so well. If that is how much it costs to make him work for you, maybe it's worth it.

satus said,
Damn. The rich is always richer while hard-working workers got minimum 7 usd an hour. <sarcasm> God is so fair!! </sarcasm>

if you made your company millions if not billions of dollars, maybe you would get more than 7 an hour

ILikeTobacco said,

if you made your company millions if not billions of dollars, maybe you would get more than 7 an hour

So you're saying, if all those $7.00 and hour employees that work at McDonald's who were to walk off the job at the same time, McDonald's would still sell billions of burgers and make billions? Thats the point. We all contribute to the company's making billions. You are saying his job is hard? really? No heavy lifting required. All you have to do is make a good plan and have other execute it. He doesn't do anything but schedule meetings and take credit for others hard work.

Now $250M is a lot of money. But there are sport players who do far less who make about that much or more. Wasn't Roger Clemons the first player to get paid $300M? How much you think Jordan made from Nike? How much you think Tiger makes. And all he had to give his wife was 54M? He will make that back with his next version of EA Tiger Wood 12 or whatever version is next. HP can afford to pay out that money, because people who actually work who should be getting it don't.

Please explain why a guy in a suit who does almost nothing, works 3 days a week, and parties on company time should get moire than me and I work a full day 5 days per week and some even work overtimea nd work 2 jobs and can barely make it?

I can't justify a single man making more than a couple million per year. 3 figures in the millions is just to much. You are basically saying this guy has a harder job than the President whose salary is $400K per year or so. I think running a country is much harder than running a coporation. HP can't protect us agaisnt terrorist. Theuy can't even protect software. All that money and HP makes the worse computers of all the OEM's. That is why they have so much, because we all get so little.

TechieXP said,

So you're saying, if all those $7.00 and hour employees that work at McDonald's who were to walk off the job at the same time, McDonald's would still sell billions of burgers and make billions?

Yup, there are plenty of uneducated people out there that would quickly fill in behind anyone who left McDs.

Supply and Demand my friend. The supply of uneducated workers far exceeds the demand for uneducated workers... that is why they don't make that much.

Economics isn't something that is applied to our markets... it is simply the observation of cause and effects of how people choose to allocate scarce resources.

If you had a 5lb gold nugget would you sell it for $1/lb? What would dictate its worth? The same reasoning applies to anything of worth, including the functions a worker is capable of.

TechieXP said,

Please explain why a guy in a suit who does almost nothing, works 3 days a week, and parties on company time should get moire than me and I work a full day 5 days per week and some even work overtimea nd work 2 jobs and can barely make it?

Theuy can't even protect software. All that money and HP makes the worse computers of all the OEM's. That is why they have so much, because we all get so little.

Firstly I'm not sure you know how the world works.

Secondly HP is not bad, your probably just regurgitating what some other hater has said.

TechieXP said,

So you're saying, if all those $7.00 and hour employees that work at McDonald's who were to walk off the job at the same time, McDonald's would still sell billions of burgers and make billions? Thats the point. We all contribute to the company's making billions. You are saying his job is hard? really? No heavy lifting required. All you have to do is make a good plan and have other execute it. He doesn't do anything but schedule meetings and take credit for others hard work.....

You should try to work in a high management position, before pulling comments like these out of your ....

shiny_red_cobra said,
So the moral of the story is to be a ****ty executive and you'll get promoted? Is that the message Oracle want to convey? Idiots...
why ****ty?

shiny_red_cobra said,
So the moral of the story is to be a ****ty executive and you'll get promoted? Is that the message Oracle want to convey? Idiots...

Now read the second paragraph.

shiny_red_cobra said,
So the moral of the story is to be a ****ty executive and you'll get promoted? Is that the message Oracle want to convey? Idiots...
Yes.. ****ty..

"...reputation as the guy who made HP the global IT services juggernaut it is today in his five year tenure."

Ryoken said,
Yes.. ****ty..

"...reputation as the guy who made HP the global IT services juggernaut it is today in his five year tenure."

I beg to differ, HP was a big player in the IT industry LONG before he got there (only 5 years ago).

shiny_red_cobra said,

I beg to differ, HP was a big player in the IT industry LONG before he got there (only 5 years ago).

HP was a big player in certain parts of the IT industry, that's correct. However, during the last 5 years, they also moved into Enterprise Services (after acquiring EDS) and Networking (after acquiring 3Com).

So no, they weren't a big player in the industry "LONG before he got there" as you put it (only certain parts compared to now), he drove the company into its current direction and was instrumental to their success in the last few years.

Stock options are almost never able to be paid out within the first few years of an executive's employment. They're meant to be spread out over periods where they can be taken out. It's done to attempt the executive to try to increase the company's stock value instead of their own wealth. So, in other words, people reading "$250 million" are overlooking the actual situation.

Thanks, Enron, for teaching us. That's about all we can thank you for.

Ayepecks said,
Stock options are almost never able to be paid out within the first few years of an executive's employment. They're meant to be spread out over periods where they can be taken out. It's done to attempt the executive to try to increase the company's stock value instead of their own wealth. So, in other words, people reading "$250 million" are overlooking the actual situation.

Thanks, Enron, for teaching us. That's about all we can thank you for.

$250 million now or $250 million in five years... it's STILL $250 MILLION for one man!

ZAnwar said,

$250 million now or $250 million in five years... it's STILL $250 MILLION for one man!

You mean a chance at $250Million in 5 years.. He ****s up and the stocks tank he gets **** all. He turns into Steve Jobs and does something big it could be $500Million.

It's an excellent incentive based pay system.

ZAnwar said,

$250 million now or $250 million in five years... it's STILL $250 MILLION for one man!

But he only gets a few million his first year. What a rip off I would never take a job like that.

2xSilverKnight said,
I wish we could ban money and be able to live without it

The abolition of money is one of the tenants of the zeitgeist movement. The monetary system is responsible for every societal problem we have today, be it war, crime, poverty, or corruption, for money is debt, and inflation is the natural consequence of the fractional reserve banking system.

And to answer your question, yes there is an alternative system, it's called a resource economy, which is based on using the earth's natural resources (geothermal, wind, solar) for the betterment of all mankind, not just the elite 1% who control 80% of the current resources. However most people are so hopelessly indoctrinated in the current system, that they will fight to defend it, for people dislike change,

thealexweb said,
$250 million for just one man?

for a man that knows what your billion dollar rival is going to do for the next few years giving you an advantage that could lead to making you billions more, 250 million is a fair investment