Oracle hires new CFO with $950K salary as thousands face layoffs
foxbusiness.com Maxson, 48, will receive an annual base salary of $950,000 and will be eligible for a performance-based bonus with a target of $2.5 million, Oracle said in a regulatory filing.
Could not agree more that is some insane price to value for oracle??
I'm honestly surprised the CFO of Oracle doesn't make more than $950K
I agree this isn’t surprising or newsworthy. Executives at large companies make a lot of money. But also, that 950K is just their salary - they may also have bonuses and stock.
What's always kinda funny to me are people who freak out about a salary like this and then shrug their shoulders at an average NBA player making in the ballpark of $10 mil.
Maybe it’s because you can see an NBA player’s skill with your eyes, and people have no idea what these jobs are like or what skills they require?
Just for the cache, could have rounded it up to a cool mil.
This number is probably not counting equity (not sure a CFO would have a variable compensation as well)