Mark Hurd Net Worth

Mark Hurd’s Net Worth: $ 78 Million

Mark Vincent Hurd, the CEO of Oracle Corporation and serving the board of directors, former member of the Technology CEO Council and served on the board of directors of News Corporation.

Know Net Worth of Mark Hurd 2017

Mark Hurd has an estimated net worth of $78 million. Just after resigning from Hewlett-Packard, Hurd was offered one of the most lucrative jobs in the technology history. As by this year, Hurd has his base salary of nearly $700,000 with $ 7.3 million cash bonus. Hurd also received $ 12.2 million for serving HP (Hewlett-Packard). The severance package was supposed to be nearly $ 53 million, but HP denied it and he had to drop all his equity grants. As “thank you,” Oracle made Hurd happy by providing $ 2 million “extraordinary supplemental cash bonus.”

Career

Hurd spent 25 years at NCR Corporation, reached the greatest altitude in his two-year tenure as a chief officer and president. In the year 2004, NCR generated revenue of $ 6 billion which was 7% more than a year earlier. This rose net income nearly fivefold to $ 290 million. He was named the president of NCR in 2001 and chief operating officer in 2002. He also facilitated as head of company’s Teradata data-warehousing division for three years. On September 22, 2006, Hurd throve Pat Dunn as board chairman of HP after she resigned after the pretexting controversy. Under his leadership, the company has been the first in the sale of computers since 2006. In 2008, it also increased its market share in inkjet and laser printers to 46% and 50.5% correspondingly.

On September 6, 2010, Hurd was named the president of Oracle Corporation, ensuing ex-president Charles Phillips. Ellison appointed Hurd based on his success and experience at Hewlett Packard. Hurd altered the compensation for Oracle's sales representatives to sell more hardware, hired additional sales representatives, and condensed the number of accounts covered by each salesperson. In the same year, Hurd tossed the “Class Of” program to hire thousands of college graduates and coach those graduates to become sales representatives, serving to sell Oracle’s cloud. In 2016, Hurd sued that Oracle’s cloud business had grown 82% between 2015 and 2016 as well as advanced $5.1 billion into research and development in improving its cloud services.

Early Life

Mark Vincent Hurd was born in Manhattan, New York, U.S. on January 1, 1957. Hurd completed his graduation from Archbishop Curley-Notre Dame High School, in Miami, Florida, in 1975. In 1979, Hurd also graduated with a Bachelor of Business Administration from Baylor University, in Waco, Texas. He joined college on a tennis scholarship and was a fellow of Phi Delta Theta.

Hurd is wedded to Paula Hurd. He has two daughters named Kelly Hurd and Kathryn Hurd. In 2006, he wrote a book “The Value Factor” which is sold at Amazon at $ 20.88. His main hobby is to play tennis. Mark is honest about the addictive superiority of his executive life.