By Paul Hodgson – Senior Research Analyst More like CrawlBack Compensation Analyst Team Leader Scott Patterson, trawling for clawback provisions, found this half-hearted attempt from Oracle in its 2012 proxy statement. In July 2012, we adopted an interim clawback policy for our executive officers. The policy states that if Oracle restates its reported financial results, [...]
Tag Archives | Oracle
CFO Journal: Oracle Compensation: Big Numbers, Simple Formula
September 24, 2012 in GMI In the News
Oracle’s fiscal-2012 proxy again drew coverage for its eye-popping executive compensation. CEO Larry Ellison received compensation valued at $96.2 million, and CFO Safra Catz and Co-President Mark Hurd received $51.7 million each. Underlying those large numbers, however, are some very simple and predictable calculations. (registration required)
GMI Ratings Governance Update | Oracle Corp.
September 24, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
Oracle Corp. announced a growing profit on lower sales – but who really knows what happened? Numerous warning signs suggest that CEO Larry Ellison and his team could have fudged the California software company’s earnings numbers. Oracle said on September 20 that its sales fell 2% to $8.2 billion during the three months ended August [...]
GMI Ratings Governance Update | Oracle Corp.
June 22, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
Oracle Corp. on Thursday confirmed that a key executive quit, a day after news hit that the California software company’s CEO Larry Ellison bought himself an island in Hawaii. The indicators of high governance risk at Oracle continue developing. On Tuesday GMI had noted news reports that Keith Block, Oracle’s executive vice president of North [...]
GMI Ratings Governance Issue | Oracle Corp.
June 19, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
Oracle Corp. dazzled the market on Tuesday with its earnings and allayed fears about an executive leaving. Nonetheless, those who take the software company’s financial statements at face value continue to expose themselves to the risk of less pleasant surprises. Rumors swirled Monday that Keith Block, Oracle’s executive vice president of North America sales and [...]
As Google Goes, So Goes Google
April 13, 2012 in Corporate Governance
By Ric Marshall – Chief Analyst Of the 3, 102 North American companies currently rated by GMI Ratings, approximately 10% are classified as founder firms, where the company founder or founders are still either CEO or Chairman, and of these Google (NASD:GOOG) is by far the largest and most successful, surpassing its closest competing founder [...]
Son of Mega Grant
February 27, 2012 in CEO Pay, Daily Viewpoint
By Paul Hodgson – CCO and Senior Research Associate This blog first appeared on Forbes.com today. Back in 2009 I noticed a trend among companies towards awarding really large numbers of stock options and I wrote a report on it for GMI Ratings called Return of the Mega Grant. For most of the decade, the [...]
On the seventh day of Enron my comp committee gave to me: 7 million options granted each year since 2007
January 3, 2012 in CEO Pay
By Scott Patterson – Compensation Analyst Manager The founder of Oracle Corporation is a well-known CEO whose success has been well rewarded over the years. Lawrence Ellison had quite a run from fiscal 2007 through fiscal 2009 when he topped the $100 million mark in total realized compensation each year with a whopping $556.9 million [...]
You Say Goodbye and I Say Hello… Hello, Hello
September 14, 2011 in CEO Pay
By Scott Patterson – Compensation Team Leader Former CEO and Chairman of Hewlett-Packard, Mark V. Hurd, had himself an impressive year as far as remuneration figures are concerned. The proxies filed in 2011 by Hewlett-Packard and Oracle Corporation reveal a situation where an executive who was to be punished for violating business-conduct standards was well [...]
Small Print
September 10, 2010 in Small Print
Before pointing fingers, they could at least wipe the oil stain off their own Mark Magee, Events Team Manager, found the following in a September 8 press release. BP Releases Report on Causes of Gulf of Mexico Tragedy No single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of [...]