Photo: Associated Press
Getting fired from HP is turning out to be a very lucrative move for Mark Hurd.First he was given a fat severance package valued between $35 million and $50 million for leaving. Now, he’s getting a massive pay day from his new employer Oracle.
Further, Hurd will be granted 10 million stock options which will be priced when granted. It doesn’t stop there, either. Hurd will be granted 5 million shares annually for the next five years if he sticks around.
Correction: An earlier version of this post said Mark Hurd would have $250 million in compensation after a misreading of his stock options.