Oracle CEO Safra Catz won't get a bonus or pay hike again this year after the tech giant missed its goals, meaning her compensation stayed under $1 million
- Oracle CEO Safra Catz's compensation was about $964,000 in its last fiscal year which ended May 31, according to a filing with the US Securities and Exchange Commission on Friday.
- Catz's base salary was $950,000, same as in the previous two years. She also received $14,055 in other compensation, the filing said.
- Catz did not get extra compensation, including a bonus, largely because of the tech giant's performance last fiscal year, including flat growth in its adjusted pre-tax profits, the filing said.
- But Catz, who became the solo CEO after the death of her co-CEO Mark Hurd in October 2019, gets paid handsomely through stocks and options from grants from earlier compensation plans.
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Oracle CEO Safra Catz didn't get a raise again this year because the tech giant missed key targets, the tech giant said Friday.
Catz's base salary for Oracle's last fiscal year which ended in May was $950,000 — the same as the last two years, according to a filing with the US Securities and Exchange Commission. She also received about $14,055 in other compensation, the filing said.
Aside from not getting a raise, Catz, who became Oracle's solo CEO after the death of her former co-CEO Mark Hurd in October 2019, also did not get a bonus and other extra compensation because of Oracle's performance in the fiscal year, including year-over-year growth in its adjusted pre-tax profits, the filing said.
However, Catz, a veteran tech CEO and one of the most prominent women executives in Silicon Valley, still gets paid handsomely through stocks and options from grants from earlier compensation plans.
Oracle's 2020 earnings per share, operating margin and operating income did edge higher from the previous year. But the filing said its "cloud services and license support revenues plus cloud license and on-premise revenues" were flat year-over-year.
A major player in the enterprise tech market, Oracle has been focused on expanding its presence in the cloud where it is up against stronger rivals led by Amazon, Microsoft and Google.
Catz, together with founder and Executive Chairman Larry Ellison and Hurd, took a cut in pay last fiscal year because of missed financial goals.
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