Oracle laid off 10,000 people. Then hired a new CFO and paid her $26 million in equity. Hilary Maxson's package:
- $950K salary.
- $2.5M performance bonus.
- $26M stock grant.
An Oracle employee told the press the layoff algorithm targeted workers with stock options first. The company denies it.
Either way, this is the shape of the modern CFO hire.
The board isn't paying for audit expertise. They're paying for someone who can hold the P&L together while 10,000 people walk out the door and the stock is down 58% from September.
That's a different job than the one most CFOs are trained for.
Apr 22
at
12:15 PM
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