5 Things to Know About Mark Hurd

 

Mark Hurd is the joint president and CEO of Oracle. He shares both roles with Savra A. Catz, after they were appointed by the Oracle chairman and founder, Larry Ellison, who stood down. Without further ado, here are five Mark Hurd facts that you may not know.

 

Hurd has run 3 technology firms

 

Mark Hurd launched his business professional as an NCR salesperson in San Antonio. He stayed with the firm for 25 years, ultimately rising into administration and running the firm's operations. He became the president of the company in 2001 and CEO in 2003. Two years later, he became the CEO of then-troubled HP (Hewlett-Packard), leaving in 2010. It's now the third time Hurd is a CEO of a big technology company.

 

Mark Hurd is no billionaire

 

Many of us have this misconception about tech company chiefs, all of whom we assume are supremely wealthy. It may come as a surprise but the net worth of Mark Hurd is around $35million, according to celebritynetworth.com. Not exactly what a few other college dropouts who launched tech firms have earned. But not bad for someone who graduated with a BBA thanks to a tennis scholarship. Follow Mark Hurd on Twitter!

 

Mark Hurd isn't a programmer

 

Mark Hurd began with a BBA before moving into sales but a lot of old-school programmers switched careers.  Plenty of accountants in the 1970s through to the 80s became programmers when their companies acquired computer systems. Mark Hurd is a unique tech company head who has no history of creating the technologies he markets. But he's still knowledgeable about the whole world of computers and Internet, more than the average person might know.You can also learn more about Mark Hurd by checking out the post at http://money.cnn.com/2011/12/30/technology/hurd_letter.

Mark sympathized with HP employees when was CEO

 

When Hurd had to retrench thousands of employees at HP and ask so many others to accept pay cuts, he himself took a 20% pay cut. While that was laudable, the company's compensation team adjusted Hurd's bonus to enable him bridge the gap through stock options--as long as the HP's performance improved. Yes, it did.

 

Hurd didn't get a raise when he joined Oracle

 

Hurd's first salary at Oracle was $950,000, according to his offer letter. Three years later, his salary was still the same. Of course, most people in Hurd's position have stock option grants and bonuses to depend on. Mark is renowned for making difficult decisions but he helps increase revenues and profits as well. Otherwise, he wouldn't be so sought after as a CEO. A day in the life of Mark Hurd!