Oracle beat analyst expectations with adjusted earnings per share of $1.06 compared to the anticipated $1.00, and revenue at $9.8 billion compared with expectations of $9.79 billion.
Oracle grants large equity awards every few years. The CEO, CFO and chief technology officer did not receive a large equity grant in fiscal 2020, explaining the higher total reported compensation for the lower-ranking compensation in the disclosure. Oracle released quarterly earnings Thursday, beating expectations for both revenue and earnings per share.
The year has been eventful for the software giant — its former co-CEO Mark Hurd passed away in late 2019, shifting sole chief executive management responsibility to CEO Safra Catz. The firm also continues to beAs the chaos of 2020 continues to unfold, billionaire former banker and now-CEO Catz is paid well to lead the charge — but, surprisingly, other executives at Oracle are making much more than her. Let's unpack why.Oracle grants equity awards frequently, but not every year.
The other three executives — Daley, Henley, and West, who serve as the general counsel, vice chairman, and controller and chief accounting officer, respectively — received equity grants in fiscal 2020, each valued at more than $4.9 million. For this reason, Daley, Henley, and West have much higher total reported compensation in 2020 than higher-ranked officers at the firm.
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