Oracle (ORCL) Hires CFO with $26M Package Amid Layoffs

Oracle (ORCL) announced the hiring of Hilary Maxson as CFO with a compensation package valued at $26 million following the layoff of up to 30,000 employees. Maxson's package includes a $950,000 annual salary and a performance-based bonus targeting $2.5 million, alongside up to $250,000 in relocation costs. The equity component of her compensation consists of time-based and performance-based stock options, vesting over specific periods. Her appointment suggests Oracle's focus on infrastructure development rather than its traditional database and application areas.