News Byte
Peter Kafka in Media on April 30 at 2:46 pm PT
Nikesh Arora, who runs Google’s ad business, is set to cash an $8 million paycheck next month. The one-time payout, disclosed via an SEC filing today, is compensation for a chunk of stock and option grants he’s giving up as part of a new pay package. Last year Arora made $23 million, most of which came from stock and options.
Arik Hesseldahl in News on September 29, 2011 at 3:18 pm PT
Meg Whitman’s annual paycheck to run Hewlett-Packard: $1. Her potential stock-based compensation: A lot more than that.
John Paczkowski in News on September 20, 2010 at 2:05 pm PT
The controversy over Oracle’s newest employee, former Hewlett-Packard CEO Mark Hurd, has ended as quickly as it began. Moments ago, HP issued a statement reaffirming its long-term strategic partnership with rival Oracle and announcing the resolution of its breach-of-contract suit against Hurd. The agreement’s terms are confidential, but it did come at a price for Hurd: The forfeiture of 345,000 restricted HP shares that he had been given as part of his exit package.
John Paczkowski in News on March 29, 2010 at 10:18 am PT
Former Brocade Communications Systems CEO Greg Reyes’s luck took a turn for the worse last week when he was once again found guilty of securities fraud. Though it acquitted him on one count of conspiracy, a federal jury on Friday found Reyes guilty on nine counts of securities fraud and making false statements–the same ones overturned last August because of prosecutorial misconduct.
John Paczkowski in News on September 17, 2009 at 1:15 pm PT
Perhaps Palm really does have the “special sauce” needed to attain smart phone leadership, as RBC Capital Markets analyst Mike Abramsky recently claimed. Reporting first-quarter results this afternoon, the company posted a narrower-than-expected loss, said it shipped 823,000 smart phones during the quarter and announced plans for a common stock offering of 16 million shares.
John Paczkowski in News on August 24, 2009 at 4:30 am PT
Oracle CEO Larry Ellison is taking a $999,999 pay cut. According to a company filing with the Securities and Exchange Commission, Ellison will receive a base salary of $1 for fiscal 2010, down from the $1 million he collected in fiscal 2009.
John Paczkowski in News on August 24, 2009 at 4:30 am PT
Oracle CEO Larry Ellison is taking a $999,999 pay cut. According to a company filing with the Securities and Exchange Commission, Ellison will receive a base salary of $1 for fiscal 2010, down from the $1 million he collected in fiscal 2009.
John Paczkowski in News on July 2, 2009 at 5:10 am PT
Bad news for Sirius XM shareholders hoping for a change in management: Mel Karmazin’s five-year contract as CEO of the satellite radio provider has been extended through December 2012. And he’s been given a raise and new stock options to boot.
