In a noteworthy development for legal professionals tracking corporate compensation trends, Oracle Corporation’s legal chief, Stuart Levey, secured a substantial pay package in his first full year on the job. Levey, who joined Oracle last year, amassed approximately $13.5 million in total compensation, significantly aided by earning 133% of his annual cash bonus target after stepping in following the delayed retirement of the previous legal leader, Dorian Daley.
Levey’s pay package closely mirrored what he earned in 2023. This year’s compensation included $11.6 million in stock awards and an annual salary of $950,000, as disclosed in a proxy statement filed on Wednesday. Moreover, the $1 million cash bonus he received outstripped his target of $750,000, highlighting his strong performance and impact since taking on the role.
This compensation package substantiates Oracle’s commitment to rewarding executive performance and positions Levey as a significant figure in Oracle’s executive team as the company navigates the complexities of the tech and legal landscape.
For the latest details, please refer to the original article on Bloomberg Law.