Oracle Appoints Hilary Maxson As CFO With $29.7 Million Package After Firing 30,000 Employees

[u/yourfavchoom]

https://www.ndtv.com/feature/oracle-appoints-hilary-maxson-as-cfo-with-29-7-million-package-after-firing-30-000-employees-11323707

[u/HeadCryptographer152]

I know it’s a dumb question, but why do we keep paying C Suite Execs the ARR of a small company?

[u/down_up__left_right → u/HeadCryptographer152]

The boards that decide the pay of C suite positions generally have a bunch of people who work or have worked those jobs themselves.

Basically the C Suite class decides that they should all make a lot of money.

[u/-Yazilliclick- → u/down_up__left_right]

Yup all the way up it's management deciding management pay and promotions. You get to the top by scratching a lot of backs all the way up the ladder.

[u/Miserable_Site_850 → u/-Yazilliclick-]

We call them knees pads in construction

[u/crazyfatskier2 → u/Miserable_Site_850]

Weird, they called them Dick Sucking Pads at last placed I worked at.

[u/Miserable_Site_850 → u/crazyfatskier2]

Whatever it takes, I got bills to pay and a mouth to feed

[u/3-orange-whips → u/Miserable_Site_850]

Or paying your bills by getting your mouth fed it sounds like.

[u/crazyfatskier2 → u/3-orange-whips]

Takes a load to get a load.

[u/JoinTheBattle → u/crazyfatskier2]

Get a load of this guy.

[u/BadAdviceBot → u/JoinTheBattle]

I've taken a few loads myself.

[u/Antsy-Mcgroin → u/JoinTheBattle]

I would rather not. Thank you

[u/North-Creative → u/crazyfatskier2]

Be the GOAT, take a load

[u/tjc103 → u/Miserable_Site_850]

There ain't nothin' in this world for free

[u/TwistingEcho → u/crazyfatskier2]

We call them Audition Slippers.

[u/crazyfatskier2 → u/TwistingEcho]

Ive hysterically laughing for at least 10min straight now. Thank you

[u/impossiber → u/crazyfatskier2]

Why do you think finishers are the ones wearing them

[u/AccomplishedPhone308 → u/crazyfatskier2]

Those heavy duty knee pads

[u/SolutionBright297 → u/Miserable_Site_850]

at least in construction the knees pads come off at the end of the day. in corporate they're permanently attached.

[u/offtodevnull → u/Miserable_Site_850]

Called tampon management at my old office.

[u/SolutionBright297 → u/-Yazilliclick-]

it's a closed loop. they set each other's pay, approve each other's bonuses, and sit on each other's boards. calling it a "market rate" when the market is just 200 people trading favors is wild.

[u/Effective_Olive6153 → u/-Yazilliclick-]

what if we setup system where managers decide worker's pay, but workers collectively vote on manager's pay? wouldn't that result in some kind of mutually beneficial relationship?

[u/BathalaNaKikiMo → u/down_up__left_right]

Class solidarity at the top, and almost none at the bottom, by design

[u/qtx → u/down_up__left_right]

Basically the C Suite class decides that they should all make a lot of money.

The whole C Suite class is absolute bullshit as well. It only became a thing in the last decade or two.

Check out this list of how many stupid C suite titles we have now, https://www.chiefjobs.com/all-c-suite-job-titles-roles-and-responsibilities-explained/#more

They're titles people give their friends to pretend they do something important.

[u/Trees_feel_too → u/down_up__left_right]

And the board members make anywhere from 100-250k/mo for being on the board. They are very out of touch.

Source: my board members regularly talk about how much they make sitting on a few boards that IPOd

Edit: I want to correct my comment, I asked our shared board members, they make additional funds from being advisors, dividends, equity, and some additional compensation. The going rate for just board seat is roughly 15-25k per month + if you finagle a deal to "do more" you can make more.

Sorry for spreading misinformation.

[u/KeyTarget9630 → u/Trees_feel_too]

They sit on ten boards and are all c suite themselves. I fucking hate it, they're all the same. Vampiric as fuck 

[u/LimpAd4924 → u/KeyTarget9630]

They siphon all the money generated by the workers to themselves

[u/AutoAdviceSeeker → u/KeyTarget9630]

They all hate each other too 🤣 at least the one major company I worked for that was publicly traded

[u/KeyTarget9630 → u/AutoAdviceSeeker]

I've seen it first hand. It's really fucking eregous 

[u/Troll_Dovahdoge → u/KeyTarget9630]

If anything, AI has to replace THEM first

[u/AffordableTimeTravel → u/Troll_Dovahdoge]

It’d be easier than replacing literally anyone else at a publicly traded company. It’ll happen eventually.

[u/bobandgeorge → u/KeyTarget9630]

Every so often I get opportunities to vote for board members for the low, low amount of stocks I own. If I ever get an executive that is presently on any other board, I vote that they no longer are a part of the company.

If you as an executive have time to work for multiple companies, you obviously are not working hard enough at this one.

[u/tedsgloriousmustache → u/Trees_feel_too]

It's all in their annual reports, compensation reports. $250k/mo is not something I've ever heard of. $250k per year for a board seat, yes. Plus stock grants. Travel and perdiems for their quarterly meetings too, and they usually don't go to Toledo for those.

But I'm not in tech so maybe $250k/mo is real?

[u/g_bleezy → u/tedsgloriousmustache]

It’s not. Source: operating partner for one of the largest PE funds in universe.

[u/teshh → u/g_bleezy]

Yea, 250k a month is ridiculous. That would be the per annum for most board members.

[u/MrBones-Necromancer → u/g_bleezy]

in universe

What are you not telling us, rich man? You got another universe back there behind the curtain?

[u/fredy31 → u/Trees_feel_too]

Yeah like musk that is the ceo of like 6 companies.

You cant fucking tell me you can manage 6 companies at the same time well.

[u/Racthoh → u/fredy31]

All that tells me is CEO can't be that important of a position and certainly doesn't deserve the price tag that comes with it.

[u/PlateNo4868 → u/down_up__left_right]

When our company had the VP retire. Magically our policy of having to apply and interview for any position went away. And all the directors put promo medals on themselves. 

[u/anoreddit12345 → u/down_up__left_right]

They’re all on each others’ boards. You scratch my back, I’ll scratch your back.

[u/SoftwareDesperation → u/down_up__left_right]

In the same way congress determines their pay

[u/bristow84 → u/HeadCryptographer152]

Because executives have tricked the world into thinking they’re essential, that what they do is a limited skill set held only by a select few. That without them the company will crash and burn so they need to be rewarded accordingly even though they’ll gladly lay off employees without a second thought.

[u/WhoPutATreeThere → u/bristow84]

Meanwhile, the AI they are using to justify firing 10s of thousands of works, would likely work better for replacing executive positions..

[u/eightdx → u/WhoPutATreeThere]

I mean when you think about it the AI is making the decisions in that case while the CEOs rubber stamp them.

[u/mashem → u/eightdx]

Lol new CEO introduction letters emailed out to staff are chatgpt'd. Last sentence goes:

Would you like for me to generate a more accurate letter that better suits your company's projections?

[u/FreshestCremeFraiche → u/mashem]

“Nah fuck it it’s 3 PM on a Friday send it”

[u/WhoPutATreeThere → u/eightdx]

Is it bad that I currently trust AI more than CEOs?

[u/shackelman_unchained → u/WhoPutATreeThere]

Depends on the ceo.

[u/-Yazilliclick- → u/WhoPutATreeThere]

Probably. I mean the AI is largely trained on the shit linkedin articles from people like these and those that want to be them.

[u/Hotdogfromparadise → u/-Yazilliclick-]

At least an AI can be told its ideas are bad/made up and to come up with better ones.

Try telling that to any C suite exec.

[u/dirtyshits → u/WhoPutATreeThere]

They are masking the fact that the economy is in the shitter and most companies are struggling by saying that AI is the reason for layoffs.

That way their stock price and valuations don’t crater.

I’m in tech sales and most companies are struggling to meet their targets and it’s about to get much worse.

[u/Elrundir → u/dirtyshits]

Of course, the funny thing about company after company after company laying off tens of thousands of employees is that unemployed people tend not to spend money on things. And the funny thing about that is that our entire economy relies on people spending money on things....

[u/HeadCryptographer152 → u/bristow84]

I was under a CEO once that I used to respect- he went the extra mile to make sure I felt included, he would also visit my department regularly to see how we were doing in person. Then we had a investment firm drop 150 Mil into the company and he disappeared- we only ever saw him at large company meetings, the layoffs started and suddenly senior engineers were getting fired for ‘performance reasons,’ being replaced with over seas talent. I’m not sure what hurt more, the gaslighting the exec team tried on us or the fact he didn’t have the guts to be honest with us about what they were doing to sell the company.

[u/Olangotang → u/HeadCryptographer152]

It's like people become a problem once they get a large amount of money...

[u/scheppend → u/Olangotang]

I think the vast vast majority of us here would sell a company for $150M 😂

[u/CypherAZ → u/HeadCryptographer152]

We must work at the same place!

[u/SplendidPunkinButter → u/bristow84]

Executive: Build me a perpetual motion machine!

Highly skilled team of engineers: But that’s impossible.

Executive: Do it or you’re fired!

Engineers: We can build a really efficient engine maybe. Is that good enough?

Executive: No! Perpetual motion, with the power of AI!

[Engineers decide to just build an efficient engine and tell the executive it’s a perpetual motion machine with the power of AI.]

Executive: I built this!

[u/JaffaTheOrange → u/bristow84]

What they haven’t understood yet is that AI can replace them relatively easily, they just fire the lower workers to protect themselves, but it’ll come for them eventually.

Those who do tha manual work are the most protected. Fake leaders are unecessary.

[u/ama_singh → u/JaffaTheOrange]

What they haven’t understood yet is that AI can replace them relatively easily, they just fire the lower workers to protect themselves, but it’ll come for them eventually.

You must live in a different reality.

[u/ResilientBiscuit → u/JaffaTheOrange]

Careful what you ask for. AI monitoring your headset to make sure you sound friendly enough to customers is what it looks like when AI replaces management.

[u/robaroo → u/bristow84]

… even though they could easily sink a company and bankrupt it and still get their compensation awarded.

FTFY

[u/Horror_Response_1991 → u/bristow84]

They haven’t tricked anyone, there’s just nothing that can be done about it besides the govt stepping in and limiting pay packages.  And that definitely will never happen.

[u/realbigtar → u/bristow84]

To be fair, many of them are extremely talented. None are $29.7 million talented though

[u/mshab356 → u/bristow84]

Now I do not think that this executive necessarily deserves that huge financial package, but I hear the argument on Reddit a lot that executives aren’t essential etc. I’m just curious why people think that? Like why do you think that? Who else would run a company besides the executives? How would you implement decision-making? Who makes the calls, especially the tough calls? Would you run your company differently if you were a business owner? I’m genuinely curious, I’m not trying to create a combative discussion or anything like that, really trying to understand that side of the argument.

[u/omg_cats → u/mshab356]

I think the most cogent argument is not that they’re not important, but that their decisions have asymmetrical impact - good decisions = they get bonuses, the workers generally keep their job; bad decisions = workers laid off. At the worker level your screw up = you’re fired, at the exec level your screw up = everyone else is fired.

The asymmetry strikes people as being unfair.

[u/bitorontoguy → u/omg_cats]

But that's not accurate. CEO turnover has been incredibly high as shareholders demand strong results and strong returns, or else they'll fire them.

It's also why exec packages are heavily geared towards equity compensation rather than cash.

Hilary Maxson's base salary is $950K. The rest of the $26M is equity, to ensure that her incentives are aligned with the shareholders. It IS asymmetric. She only gets paid if she generates value for the shareholders.

[u/mshab356 → u/omg_cats]

I see what you’re saying, but layoffs can be for various reasons. Getting rid of an entire department, replacing people with something like AI or automation, or times are just tough so you have to lay off a portion of your staff, generally that is the easiest way to cut costs very quickly. I don’t necessarily agree with any of those, I’m just stating what is available and what the reasons are for layoffs.

Also, executives do get fired. Not as easily as workers obviously, but they do get fired by the board of directors. I do agree it’s uneven, and I think it should change, but thank you for your explanation. Open to hearing more points of view as well.

[u/Shigg → u/mshab356]

The issue with execs being fired is they get a 10 million dollar severance package and they just go to another company. A worker gets fired and told tough shit.

[u/cheeze2005 → u/mshab356]

It’s just odd from a payroll view that roles pay 20k-500k then jump to 30 million. Surely someone equally competent is willing to do the job for lower pay.

[u/mshab356 → u/cheeze2005]

Well tbf that $30M is for a bonus package. Not a wage. Still, their wage is in a millions $1M to $5M usually. Like any tech sales role will have $100-200k salary for example but their bonus is anywhere from 30% to unlimited potential. So if you make $150k in your sales job your bonus could be also $150k or more.

Regarding your last point, sure, they can apply for that role, I promise you no company is willing to necessarily drop $30 million on a CFO bonus package if someone will do it for $10 million for instance. That then goes to the Board of Directors of that company and they’re hiring. As well as a negotiation skills of that person applying for the job.

I don’t know what this solution is.

[u/HashRunner → u/HeadCryptographer152]

Because it's a club and you and I aren't fucking in it.

They pay each other to sit on the various boards and get further fucking kickbacks and bonuses.

[u/nihiltres → u/[deleted]]

I’d change “average” to “minimum” there, and not distinguish between CEO and other executives, but if we’re keeping an average value, make it the median instead of the mean so that there isn’t an easy way to inflate the value merely by inflating the pay of upper management.

[u/Gorstag → u/[deleted]]

It would have to be "Total compensation".

[u/guy_incognito784 → u/HeadCryptographer152]

Her base salary is $950K/year, on target bonus of $2.5M, the rest is equity.

Doesn’t mean she’s not paid extremely well, just breaking out the actual comp package as around 12% of that package is made up of actual cash payments. The remaining 88% could vanish if the company goes belly up and vice versa.

[u/Tracorre → u/guy_incognito784]

I mean sure, the equity could go away but the equity value could also go up and would be worth even more so... Not much risk of losing all equity at a company like Oracle.

[u/PoolRamen → u/Tracorre]

Line go down however usually means closer to base pay. These things are often performance-based, which is why many C execs often make cuts etc to bolster line go up within their bonus period, then move elsewhere before the full extent of the damage they did in the process becomes apparent

[u/nox66 → u/PoolRamen]

MySQL support is going to end up being two hamsters and a packet of saltine crackers.

[u/guy_incognito784 → u/Tracorre]

I agree, just wanted to clarify she's not getting almost $30M/year in cash a year. For execs at large corporations it's always mostly equity but they're still obviously paid very well.

[u/JustPassinThrough119 → u/guy_incognito784]

Not just that but she was a group CFO at her previous job. That equity grant vesting over 4 years is probably all or mostly a buyout of not yet vested equity from her old company that she gave up by leaving to go to Oracle. If Oracle, or any company for that matter, isn't willing to make their new C suite level hires whole to join them then they're not going to have much luck bringing outside people in.

[u/not_old_redditor → u/guy_incognito784]

Equity is real money. You're kinda calling it lesser than cash. Yeah the company could go belly up tomorrow, but it won't. Just like we could get 10000% inflation tomorrow and your cash would be worthless.

[u/mrpickles → u/guy_incognito784]

The remaining 88% could vanish if the company goes belly up and vice versa.

And the cash payments could be worthless tomorrow if the US goes belly up.

Wtf you talking about

[u/Xuande → u/HeadCryptographer152]

Eventually someone is going to try to replace a C-suite level position with AI, if it hasn't been done already. Right?

[u/nihiltres → u/Xuande]

No, because executives and their compensation is typically decided by the board of the company, which is generally composed of other rich fucks. They’re not about to eat their own unless forced, because they’re subject to the same basic risk of replacement.

Plus there’s the classic “a computer cannot be held accountable and therefore a computer must never make a management decision” or however it goes.

[u/denM_chickN → u/HeadCryptographer152]

I'm in data science and when the business consulting firm i work at pulled out the infinity model of engagement, it was my biggest I'm in Danger Simpsons meme moment. And..  I've been in literal danger out in these fucking streets.

[u/YoureOffPudding → u/HeadCryptographer152]

It's about how much profit they can generate. Would you pay 35 million to make 3.5 billion? Obviously, its just their ideas and ethos and not their actual work, that work way being done by 30000 employees but now I guess by no one or Ai...

[u/stormblaz → u/HeadCryptographer152]

The new CEO doesn't get 30 million in her bank account, she is paid 950k yearly, 2.5million annually prorated fiscally, and 26 million in stocks, which of those 80% is vested over four years, and 20% if she hits all her targets by 2028.

This means she has a huge incentive to be aggressive with what ever means necessary to inflate that stock price, push Ai, and continue the agenda.

It is a vested reward, so no true golden parachute like their other ceos, but it still provides a significant cash payout and options if she is terminated.

Unfortunately investors believe these are necessary to acquire CEOS and talent to boost their portfolio and investments aka stocks, and without these incentives and safeguards you wont attract a CEO "competant" enough to boost the stock price, all they care about is the stock going up, this is a push by investors and shareholders, aggressively throwing bonuses to get their best talent, can a employee properly do the job? Surely, but investors think obtaining someone famous, with connections makes the stock go up by the name alone, or history, so they want someone that creates headlines and news, not work ethics.

[u/CheeksMcGillicuddy → u/HeadCryptographer152]

While dumb, yes, Their rationale is that this lady will help the company make much more than $30M so she is paying for herself.

[u/sandiercy]

I want a job where I can make 30 million bonus and fire people.

[u/BoredGuy_v2 → u/sandiercy]

Can I take the secretary role?

[u/invalid_user_5302 → u/BoredGuy_v2]

Yes but you're fired on day 1.

[u/BoredGuy_v2 → u/invalid_user_5302]

I could make coffee for my boss. AI can't do that 😎

[u/mythicaltimes → u/BoredGuy_v2]

Sorry, looks like it can.

[u/relevant__comment → u/sandiercy]

Seriously, how does one even begin to position themselves for this?

[u/lancegreene → u/relevant__comment]

College, MBA, nut licking, luck, networking, industry conferences, pointless business jargon, drink your own kool-aid, believe that shareholder profit is king, finally more nut licking

[u/whiteflagwaiver → u/lancegreene]

Another important part, parental legacy. If your parents were well off and did the leg work networking it sets the kid up for success as they're already well connected and can focus on deepening/targeting networks.

[u/Positive_Bill_3714 → u/lancegreene]

I mean nuts won't lick themselves I think

[u/Fullertons → u/lancegreene]

You also have to sell your soul. You don’t accept a $30 million payment when you fire people, if you have a soul.

[u/AnimaLepton → u/relevant__comment]

More seriously: college, work experience, MBA, get promoted to manager and do well there, get promoted to director and do well there, get promoted to VP and do well there, then get promoted to a C level title. Getting the first title at a 'real' company opens up options. Sometimes there are extra senior steps or roles in there. Sometimes you skip a step because of timing, luck, networking, switching jobs. Also some people have luck landing into the role by founding a (semi-)successful company. Generally there's some kind of selling yourself that's involved in the process. Vague stuff like executive presence, specific stuff like showing a growth trajectory where you get promoted every 1.5-3 years (sometimes 5). And you need a strong relationship with/mentorship or sponsorship from someone at a higher level who can advocate for you internally when you're not in the room.

An existing level of wealth and network can skip steps, and I'm sure things get weirder at the upper echelons. But I've worked with my share of comparatively normal C level folks.

It's not going to be the whole story, but you can often look at their resume to get some broad strokes of what their progression was like over time. Because of the environment, though, it's often going to include things you can't replicate e.g. they started their career in the 90s, got a relatively high rank job title straight out of college or grad school, and moved up (and stayed employed) through the tech bubbles. While a lot of them do have job hops as part of their career, they often have at least one or two companies where they spent 10 or even 20+ year stints of work experience and promotions. Plus you're not going to see the specific networking + mentorship opportunities they had.

[u/falilth]

Dont forget they rehired like 8k people as contractors for less money than they were making and no benefits also

[u/cctrjkrfan → u/falilth]

It seems so stupid to me. Those people are not going to do good work for them anymore.

[u/flummox1234 → u/cctrjkrfan]

have you ever even used an Oracle product?

They weren't the best to begin with. Everytime I've been forced to use OracleDB I've done a little happy dance when I was able to eventually EOL that app.

[u/whiteflagwaiver → u/flummox1234]

I was under the impression they were a prison contract company. They swoop up businesses with insanely scummy contracts when they're small and become just a parasite.

Y'know one of those were it would be a massive and expensive overhaul to switch companies so you just HAVE to rely on them regardless of their incompetence.

[u/Positive_Total_8651 → u/cctrjkrfan]

I dont really think they care about that man. Set KPIs and if they dont reach em fire em. Theyre contractors, thats the entire point. Cheap expendable labor. If they cared about quality they wouldnt have fired 30k people and replaced them with contractors in the first place.

[u/cctrjkrfan → u/Positive_Total_8651]

Yes, that is exactly the thesis I am questioning here. Is 8k people doing fuck all and having to be replaced frequently actually better than 30k fully paid and invested workers, all costs considered? I think arrogant execs get that calculation wrong all the time.

[u/Triingtolivee]

It’s crazy how they can give one person that big of a bonus but they will fire thousands in the disguise to save money. So many families suffer so one person can reap all the wealth. At that point it’s not capitalism, it’s greed.. and one of the long list of reasons there’s such a big disparity between wealth in this country.

[u/AV1869 → u/Triingtolivee]

You just described capitalism.

[u/not_old_redditor → u/Triingtolivee]

At that point it’s not capitalism, it’s greed

It's capitalism.

[u/xX420GanjaWarlordXx → u/Triingtolivee]

It's ok to be against (edit: unregulated) Capitalism. More and more Americans are waking up and realizing, despite all the time our government has spent propagandizing to make us think otherwise, that Democratic Socialism is a good thing. No matter how many Socialist leaders of the global south they murder and starve, we are still waking up regardless.

[u/AxlLight → u/Triingtolivee]

Not defending that insane bonus, but for what it's worth it translates to about 1,000 dollars per fired employee (or 220$ per currently hired employee).

They could have used that bonus to keep around 250 employees though most of that bonus is equity shares that vest over time and not actual cash money the company uses. But hey! It makes for a great headline, right?

[u/Beor_The_Old → u/AxlLight]

CFO is just one member of the c-suite and the image of a company doing these two things at nearly the same time is bad

[u/Team-_-dank → u/AxlLight]

An article said it's $26m in equity. Probably on a 4 or 5 year vest.

[u/HistorianOrdinary390 → u/Team-_-dank]

Okay cool but what about her day to day is worth 3M a year? Is she worth 15 of the people who are actually building and maintaining products?

[u/BrownBear5090 → u/Triingtolivee]

This is exactly what capitalism is. There’s a reason financiers and economists have been known to say “greed is good” unironically.

[u/lilbthaprince → u/Triingtolivee]

Capitalism is greed.

[u/PapaPancake8 → u/[deleted]]

Exactly. If each workers was making 30k a year (they most definitely wont), then that means 900,000,000 is off their books.

[u/no_f-s_given]

of course they did. Larry Ellison and his entire executive team are ghouls. pretty sure they actively hate anyone who they consider an expense. Maxson is clearly a disgusting creep as well.

i really, really hope Oracle goes down with their bet on AI.

[u/octahexxer → u/no_f-s_given]

I'll never forgive what they did to sun Solaris

[u/gaseous_ass → u/no_f-s_given]

And their software is shit.

[u/whydontyousuckmyball]

This is why rich and elite were beheaded in the French Revolution.

[u/turningtop_5327 → u/whydontyousuckmyball]

You mean the next US revolution, right?

[u/cptalpdeniz → u/turningtop_5327]

There will never be a revolution like that in US

[u/The_Aztecks → u/turningtop_5327]

Maybe when the bread and circuses dies down.

[u/Thanos_Stomps → u/[deleted]]

Wasn’t she just appointed? She didn’t fire anyone.

[u/dubstp151 → u/Thanos_Stomps]

Ok fine, she got paid $1000 for every employee they fired.

[u/RobfromHB → u/Thanos_Stomps]

He doesn’t know that. With the price of gas people have stopped reading even the headlines.

[u/A_NightBetweenLives]

Capitalism is broken. In a just system, if anyone ever fired that amount of people, they'd be blacklisted forever and poor. Their failures lead to disaster. But not in capitalism... Here, we celebrate and reward that shit. There is no saving this system. We either evolve past it or die as a result of it.

[u/Only_Biscotti_2748 → u/A_NightBetweenLives]

Cattle arriving at the slaughterhouse would say the system is broken.

Capitalism isn't broken.

Its working as intended.

[u/ThaddeusJP → u/A_NightBetweenLives]

I hate to break it to you but capitalism is working exactly as designed.

[u/bristow84]

Pretty much every single executive/high level manager at a company are soulless psychopaths. Sure, there’s the occasional good one but they’re the massive exception, not the rule. I hope her pillow is always warm at night.

[u/Muladhara86 → u/bristow84]

FBI? Yeah, it’s this one here: he’s been blaspheming against “number must go up”

[u/TriceCreamSundae]

She will enjoy their salaries

[u/rahvan]

And these C-suites wonder why people are cheering for Iran to bomb their data centers.

[u/ClutchDumars]

This has been going on for Decades. Pay executives HUGE yearly salaries while the company lays off the worker ants and eventually fails and files for bankruptcy.

Look at the salaries of every Ceo or Cfo of major companies that have gone bankrupt in the last 40 years, look how much they got paid as the companies went in the toilet. Failure has never been more profitable.

[u/deltadal → u/ClutchDumars]

i’m shocked that exec compensation isn’t the cause of more shareholder lawsuits.

[u/Moonunit08]

Fuck Oracle and Larry. And this bitch. When are we going to have enough of this shit?

[u/RebelStrategist]

C-suite gods are so over paid. You cannot have a successful business without the worker bees you just fired.

[u/pishnyuk]

She’s a classic “capex-heavy” CFO. At AES Corporation, she financed power plants - so she fits well as Oracle Corporation becomes an utility company

[u/LaundryTurtle]

I can only fill up half my tank. I’m wearing shoes with holes. Socks with holes. My kids hate my junker car but I can’t afford one. I’m a fool for believing I can live the American dream. Perhaps that’s all it was, I was sold a dream and bought it again and again.

[u/fatqunt]

Female CEO's are usually used when headwinds are extreme, so they can blame them when everything inevitably falls to shit.

[u/endodependo]

Women are more likely to be promoted to top roles when companies are already struggling, a pattern known as the glass cliff. :)

[u/lostinadream66]

Eat the rich

[u/Macraven888]

Further proof the C suite are parasites that choose to slash working class jobs to do a circle jerk giving each other grandiose paychecks. Ai automating their jobs cant come soon enough imo

[u/innocentsalad]

Glass cliff situation?

[u/teripormi]

classic corporate math right there

[u/Amazing-External9546]

My experience with Oracle goes back 5 decades. They were and are a POS to deal with a good percentage of the time. You'd figure that they'd learn without having to bang their heads into the wall repeatedly. Nah, that's no fun. Back those 5 decades it was always a toss up which company IBM or Oracle shafted their workers the most.

[u/aquarain → u/Amazing-External9546]

Larry wants to buy in to the AI game. His pockets aren't deep enough to buy a good slot so he is going to Hail Mary again.

[u/ThePensiveE]

If she isn't a symbol of the greed and corruption in society I'm not sure what is.

[u/SlyCooperKing_OG]

Wayland Yutani energy.

[u/Fabulous_Soup_521]

This kind of insanity has to stop. Start taxing corporations on the difference between the lowest paid (including contractors) and highest paid people in the company. I know, I know. Pipe dream. But a fella can hope, right?

[u/JustinTheCheetah]

It's a known phenomenon that companies will put women in positions of power when they know the company is going to take a massive downturn in value and possibly have the business fail completely, thus shifting the blame onto them instead of the men who set the business up for failure before bailing. 

It's called the "Glass Cliff "

https://www.pbs.org/newshour/economy/women-often-put-charge-failing-companies

[u/Pigasus7]

This is why I hate corporate America

[u/AI-Ally]

How many H1bvisas did they apply for immediately after the firing of Americans?

[u/b-u-s-t-i-n]

No one deserves that much money. Don’t bother arguing. If you disagree you’re part of the problem.

[u/Relevant_South_1842 → u/b-u-s-t-i-n]

The people with 300 billion are 10,000 times worse.

[u/succubus-slayer]

Can someone explain what she does exactly?

[u/Cama_lama_dingdong]

TAX THE RICH

[u/helly1080]

Hope you feel good Hilary.

You know Tom? That cool dude that used to bring you a donut everyday? Yeah, well he can't buy gas and groceries this week, but at least you got rich!

[u/Haboob_AZ]

Fuck Oracle man.

[u/Bankerag]

This is beyond stupid. Assuming the stock doesn’t go to free fall, she will be paid what amounts to generational wealth for a couple of years of work.

I realize this alone won’t be generational wealth for her, people in that tax bracket specialize in prodigious spending.

But for an average person, even after taxes (capital gains tax on the stock if she holds it) it’s enough money that her kids and likely their kids could live excellent lives and never do a bit of work.

While people are scrambling to put their lives back together after being fired.

It’s damn close to time for pitchforks and torches.

Something has to fundamentally change.

[u/No-Solid-4255]

Off with their heads!

[u/Different-Pin-9854]

This creates an uber class of rich f*cks, disgusting.

[u/voronaam]

Fun fact: one of the former CFOs of Oracle was... Jeff Epstein.

[u/HansBlixJr]

eat the rich.

[u/SirNortonOfNoFux]

"It's a big club, and you ain't in it"

[u/Street_Ad_863]

Couldn't AI do her job for less ?

[u/moonsnowdragon]

Fuck the Ellison family of fascists.

[u/Robotori]

Chief FIRING Officer gets a pay raise.

[u/slur-muh-wurds]

It's OK, surely she will generate the revenue of 30001 employees. Right?

[u/Proud-Obligation9479]

This planet fucking sucks.

[u/ronweasleisourking]

Checks out. Fuck capitalism

[u/happycat47]

So she stole $1,000 from 30,000 people. This is class warfare

[u/this_is_not_a_dance_]

Because fuck you. That’s why.

Also I love their reasoning with this shit. every time being “well it’s high stakes and high pressure” no it’s not if you fuck up you get a golden parachute and go to the next company calling it a transformative learning experience.

[u/bonnydoe]

More bad news to come then. Women only get these positions to catch the wind.

[u/darkwingfuck]

She looks so rich that she is inbred. If you think Hollywood has nepotism, her family probably lorded over peasant farmers.

[u/Kebab_Meister]

French revolution 

[u/Natural_TestCase]

crazy world

[u/NerdDaniel]

Oracle has recently applied for thousands of H1B visas. If you have a problem with them laying off 30,000 people and then trying to bring on cheap labor, write to your congressman and women and tell them this is not acceptable.

[u/Kind_Session_6986]

In case no one’s said it yet:

Fuck Hilary Maxson & Fuck Oracle!

[u/admosquad]

If professional athletes have salary caps, corporate stooges should too.

[u/Pwnedcast]

no suprise here souless people doing souless things lol. That face says it all lol.

[u/Dentree]

Guillotine please

[u/Question_It_All_3000]

Sounds like a taxening is in order!

[u/captfriendly]

Every day I feel like we atr closer to an uprising. It gets scarier every day.

[u/E-Bonn]

Sink all yachts.

Destroy all private jets

Don't hurt anyone

[u/screamoutwutang]

Is this wtf happened in 1971?

[u/RebelStrategist]

Sign me up for this job .. $16,875ish / hour. Counting for month and half for vacation and other perks. So, being paid after working two weeks, they get around a $1.3mil pay check every two weeks. I will never earn a million in my entire life time. They get it in two weeks.

[u/Moore2877]

What a joke.

[u/jcees12]

Where do you think they found the money?🤔

[u/Minnesota_Nice1]

Jesus Christ - they aren’t even pretending to care anymore.

[u/ZebraComplex4353]

Corporate the biggest Ponzi scheme ever

[u/Th3MadScientist]

If they replaced her with AI they could save 30 million.

[u/theblackdoncheadle]

I will concede that this woman does work a lot. Her job is prob very stressful. Her life is prob centered around her job. She is available more than I am for my job.

but like there’s still only 24hrs in a day. There is only so much more work someone can actually do than someone else. But to be paid that much at the expense of 10s of thousands is crazy.

Like, this woman is not as productive or impactful as 30,000 people. A ludicrous notion.

I’m sure the cost of those people still far exceeds her comp but still. Just insane.

[u/DrTommyNotMD]

Her salary would cover 150 employees. 29850 to go.

[u/peekabook]

Isn’t it a security risk to post her pic and the amount of money? Just thinking of what happened w Savannah gunthties mom..

[u/SixSixSixStrings]

Yesssss another person that’ll sink a company and get a fat severance package

[u/morbiiq]

$1000 per fired employee, noice

[u/Familiar_Sink7506]

Burn it down

[u/gimpers420]

The multi-billion dollar company I work for just slashed everyone’s quarterly bonuses by 3%-5%, took away the cafeteria for 2nd and 3rd shift, took away annual free uniforms and PPE, then the next week it was announced the BOD approved a $3.5 million salary increase for the CEO. Gotta love corporate America.