SEARCH

Entries in Oracle (2)

Wednesday
Dec212011

Tech Companies Slump; Stocks Mixed at Close

Medioimages/Photodisc/Thinkstock(NEW YORK) -- Tech stocks led the market to a mixed finish Wednesday after a disappointing earnings report from business software maker Oracle.

The Dow closed up just four points Wednesday.  It had been down by 104 earlier in the session. The Nasdaq lost 26 points, and the S&P gained only two for the day.

Oracle dragged software manufacturers down Wednesday, when its stock fell nearly 14 -- its biggest drop in nine years. The company's losses came after a poor quarterly sales report missed analysts estimates, showing that businesses are spending less on operations managment software.

Copyright 2011 ABC News Radio

Thursday
Dec162010

Christmas Comes Early: Top CEO Bonuses of 2010

Photo Courtesy - Getty Images(NEW YORK) -- In a tough economic year, when even some CEOs have had to scrimp and save, others are finding big bonuses beneath the tree.

Aaron Boyd, head of research for Equilar, an executive compensation data firm, says it's still too early to say how generous a year 2010 will turn out to be for chief executives of America's biggest companies.  Most S&P 500 companies don't report their bonus numbers until March or April.  A minority, however -- companies with fiscal years ending early -- file their proxies sooner, allowing analysts like Boyd to get a peek at coming attractions.

His look at some 60 companies that have already filed shows that the CEOs of H.J. Heinz, Oracle, Cisco Systems, Nike and News Corp were the top five biggest bonus winners listed.  William R. Johnson, the chairman and president of H.J. Heinz, came in first on the list with a bonus of $8,589,063, followed by Oracle CEO Lawrence J. Ellison with $6,453,254.  The remaining three CEOs scored bonuses within the $4 million range.

What's noteworthy about their bonuses, says Boyd -- apart from sheer size -- is that all were pre-determined by formulas that take into account how the CEOs' companies performed.

"Companies are moving away from payouts based purely on the discretion of the board," he says.  The trend is toward bonuses tied more closely to performance.

Copyright 2010 ABC News Radio







ABC News Radio