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Oracle names Hilary Maxson CFO with $26 million equity grant after mass layoffs, sparking debate over job cuts.
Oracle appointed Hilary Maxson as CFO with a $26 million equity grant after mass layoffs.
KEY POINTS
- About 80% of Maxson's equity grant is time-based, with 20% tied to revenue growth through 2028.
- Reports suggest Oracle layoffs disproportionately affected employees with significant unvested stock benefits.
- Unvested restricted stock units are forfeited immediately upon termination under Oracle's severance structure.
- Oracle is increasing AI infrastructure spending and debt while cutting workforce to conserve cash flow.
COMPANIES
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