Oracle’s top four execs didn’t get their latest $21 million chunk of performance-based stock options for a very telling reason (ORCL)
Oracle has been telling investors that because it did not hit certain goals related to its cloud computing business, none of its top four executives earned any chunk of the massive block of stock options they were granted last year.
Not yet, anyway.
And, it's worth pointing out, they were all still paid millions in stock compensation last year from their previous grants, so they're likely not hurting for cash.
However, in a shareholder presentation, Oracle said: "No goals were satisfied in year 1 (fiscal 2018) and therefore no portion of the Performance Options have vested to date," with the emphasis added by Oracle. Read Full Article - Tech Boys, August 3, 2018