One of the world’s most eccentric billionaire’s is finding himself under pressure to perform. Larry Ellison, CTO of Oracle (ORCL), has been notified that if he cannot get the company’s stock up to $80, he will miss out on hundreds of millions in stock options in the future.
“The company just revealed a new, 100% performance-based equity package for its two CEOs and CTO aimed at reducing their total compensation over the next five years. The details were revealed in an investor presentation filed with the Security and Exchange Commission on Tuesday. ” According to Business Insider.
“Under the new rules, equity awards are based on two factors: whether the team is able to significantly grow Oracle’s cloud business, and whether Oracle returns value to shareholders.”
With such aggressive targets, now is the time for prospective investors to start doing their homework on Oracle.
For the whole story, read more at businessinsider.com.
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