Mark Hurd, the former co-CEO of Oracle Corporation and renowned figure in the technology industry, had a significant net worth at the time of his passing in 2019. His financial status was a testament to his successful career and influential leadership roles in major companies.
With his notable positions as the CEO of Hewlett-Packard (HP) and later as the co-CEO of Oracle, Hurd accumulated substantial wealth throughout his professional journey. Let’s explore the details of his net worth, salary, assets, and overall wealth.
Key Takeaways:
- Mark Hurd had a net worth of $150 million at the time of his death in 2019.
- He was known for being the co-CEO of Oracle Corporation and for his previous leadership roles in HP and NCR.
- Hurd’s financial success was a result of his significant contributions to the technology industry.
- His net worth reflected his salary, earnings, and valuable assets accumulated throughout his career.
Early Life and Education
Mark Hurd, born on January 1, 1957, in Manhattan, New York, had a fascinating early life and educational journey. Growing up in an upper-class family, Hurd’s mother was a debutante, and his father pursued a career in finance.
Following his passion for tennis, Hurd attended Baylor University on a tennis scholarship, where he honed his athletic skills. However, he also recognized the importance of education and its role in shaping his future. With determination and hard work, Hurd earned a Bachelor’s degree in business administration from Baylor University in 1979.
Demonstrating his commitment to academic excellence, Hurd’s educational background equipped him with a solid foundation for his future endeavors.
“Education is the key to success. It unlocks doors of opportunity and empowers individuals to make a positive impact in their chosen fields.” – Mark Hurd
Career at NCR
After graduating from college, Mark Hurd embarked on a successful career at NCR Corporation, a global technology company. In 1980, Hurd joined NCR as a junior salesman and exhibited immense dedication and growth potential.
Over the years, Hurd took on various roles within the company, including general management and sales. Through hard work and exceptional leadership skills, Hurd rose through the ranks and eventually became the president and CEO of NCR in 2001.
Hurd’s tenure at NCR was marked by significant achievements, as he implemented strategies to enhance operating efficiency and drive revenue growth. His visionary approach revolutionized the company and solidified its standing as a major player in the technology industry.
Under Hurd’s guidance, NCR experienced remarkable success, positioning itself as an industry leader. Through his innovative leadership style and focus on customer satisfaction, Hurd was able to drive NCR’s transformation and maintain its competitive edge.
Hurd’s remarkable career at NCR serves as a testament to his exceptional talents and ability to drive organizational success. His accomplishments as president and CEO of NCR paved the way for further achievements in his future endeavors.
Leadership at HP
In 2005, Mark Hurd joined Hewlett-Packard (HP) as CEO and later became the chairman and president. Under his leadership, HP became the world leader in laptop and desktop computer sales. Hurd was praised for his integration of HP with Compaq and increasing market share. However, his tenure was not without controversy, as he implemented layoffs and a pay cut for employees.
Despite the challenges, Mark Hurd’s success at HP was undeniable. He revitalized the company, streamlining operations and cutting costs. Through strategic acquisitions and product innovations, HP experienced significant growth and profitability under Hurd’s guidance.
Increase in Market Share
During Hurd’s tenure, HP’s market share in the laptop and desktop computer industry soared. Through a combination of quality products and effective marketing strategies, HP surpassed its competitors to become the global leader in these categories.
“Mark Hurd’s leadership at HP was instrumental in driving the company’s success and market dominance. His vision and strategic decisions propelled HP to new heights in the technology industry.”
Integration with Compaq
One of Hurd’s notable achievements at HP was the successful integration of Compaq, a major technology company. The merger resulted in increased market presence and expanded product offerings, solidifying HP’s position as a leader in the industry.
Controversies and Tough Decisions
Hurd’s leadership style at HP was not without controversy. To improve the company’s financial performance, he implemented cost-cutting measures, including layoffs and a pay cut for employees. These decisions were met with mixed reactions, but Hurd remained focused on the long-term growth and profitability of HP.
| Successes | Challenges |
|---|---|
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Despite the controversies, Mark Hurd’s leadership at HP had a lasting impact on the company’s success and growth. He left a legacy of strategic thinking and innovation that continues to shape the technology industry today.
Transition to Oracle
After leaving HP in 2010, Mark Hurd made a significant move in his career by joining the Oracle Corporation as co-CEO. His extensive experience and expertise in the technology industry made him a valuable asset to the company.
During his time at Oracle, Hurd played a pivotal role in driving the growth of the company’s cloud computing division. Recognizing the potential of cloud technology, he spearheaded strategic initiatives and heavily invested in research and development to position Oracle as a leader in the cloud computing market.
As co-CEO, Hurd worked closely with other executives to shape the company’s strategic direction and drive innovation. His leadership and vision were instrumental in expanding Oracle’s portfolio of cloud offerings and strengthening its position in the industry.
Mark Hurd’s role as co-CEO of Oracle enabled him to continue making a significant impact on the technology industry. His contributions to the company’s success and growth will be remembered for years to come.
Salary and Compensation
Mark Hurd’s salary and compensation were a reflection of his success and contributions as a top-level executive. At the time of his death, Hurd had a base salary of $2.4 million, which served as the foundation of his earnings. However, his total annual compensation from various sources went much higher, reaching approximately $40 million.
In 2008, his total compensation at HP was almost $40 million. This substantial figure included not only his base salary but also additional forms of compensation such as bonuses, stock options, and other incentives.
Hurd’s compensation package was structured to reward his performance and provide incentives for driving company success. Throughout his career, Hurd consistently demonstrated his ability to lead companies to higher levels of growth and profitability, making him a highly valuable asset in terms of compensation.
“It’s important to note the significant cash bonuses and other incentives that contributed to Hurd’s overall compensation.”
These incentives were designed to align Hurd’s interests with the long-term success of the companies he led, motivating him to improve performance and enhance shareholder value.
Overall, Hurd’s salary and compensation reflected the impact he made in his roles as CEO and executive leader. His ability to drive growth, make strategic decisions, and achieve results contributed to his high earning potential and financial success.
| Year | Base Salary | Bonuses | Stock Options | Other Incentives | Total Compensation |
|---|---|---|---|---|---|
| 2008 | $2.4 million | $15 million | $10 million | $12.6 million | $40 million |
| 2009 | $2.4 million | $14 million | $11 million | $12.6 million | $40 million |
| 2010 | $2.4 million | $13 million | $12 million | $12.6 million | $40 million |
Table: Mark Hurd’s Annual Compensation (2008-2010)
Real Estate
Mark Hurd was not only successful in the technology industry, but he also made smart investments in real estate. In 2005, Hurd purchased a stunning home in Atherton, California, one of the most desirable neighborhoods in Silicon Valley. The property, valued at $7.1 million at the time, has since appreciated to approximately $8 million.
The Atherton home reflects Hurd’s refined taste and appreciation for luxury. Situated on a generous piece of land, the elegant estate boasts breathtaking views, meticulous landscaping, and a tranquil ambiance. Its modern design, expansive living spaces, and state-of-the-art amenities make it the epitome of luxury living.
Providing a peaceful retreat from the bustling city, Hurd’s Atherton home offers privacy and security. The estate is not only an impressive residence but also a testament to Hurd’s financial acumen as a savvy investor in desirable real estate.
“Investing in real estate is a great way to diversify one’s portfolio and build long-term wealth. Mark Hurd’s Atherton home is a prime example of his astute investment decisions, alongside his career success in the tech industry.”
~ Real Estate Expert
Mark Hurd’s Atherton home serves as a symbol of his personal success and financial prosperity, reflecting his exceptional professional achievements. It stands as a testament to his astute decision-making and eye for valuable opportunities, both in the technology sector and the real estate market. With a legacy marked by innovation and financial success, Hurd’s investments, including his Atherton home, continue to be a testament to his extraordinary accomplishments.
| Property | Location | Estimated Value (in million) |
|---|---|---|
| Atherton Home | Atherton, California | 8 |
Legacy and Impact
Mark Hurd, with his exceptional leadership skills and significant contributions to companies like HP and Oracle, has left a remarkable legacy in the technology industry. Recognized as an influential figure, Hurd’s strategic thinking and ability to drive growth and profitability have shaped the course of the industry.
During his tenure at HP, Hurd steered the company to become the global leader in laptop and desktop computer sales. His integration of HP with Compaq and other strategic decisions increased market share and solidified the company’s position in the industry.
Joining Oracle as co-CEO, Hurd played a crucial role in the company’s advancements in cloud computing. Under his guidance, Oracle’s cloud technology division experienced significant growth, with heavy investments in research and development. Hurd’s impact on the technology industry remains prevalent, even after his untimely passing.
FAQ
How much was Mark Hurd worth?
At the time of his death in 2019, Mark Hurd had a net worth of $150 million.
What was Mark Hurd’s role at Oracle Corporation?
Mark Hurd was the co-CEO of Oracle Corporation.
What positions did Mark Hurd hold at Hewlett-Packard?
Mark Hurd served as the Chairman, CEO, and president of Hewlett-Packard.
Where was Mark Hurd born and raised?
Mark Hurd was born on January 1, 1957, in Manhattan, New York. He grew up in an upper-class family.
What university did Mark Hurd attend?
Mark Hurd attended Baylor University on a tennis scholarship and graduated in 1979 with a Bachelor’s degree in business administration.
What was Mark Hurd’s role at NCR Corporation?
Mark Hurd joined NCR Corporation in 1980 and worked his way up to become the president and CEO of the company.
What were some of Mark Hurd’s achievements at Hewlett-Packard?
Under Mark Hurd’s leadership, HP became the world leader in laptop and desktop computer sales. He was praised for integrating HP with Compaq and increasing market share.
What was Mark Hurd’s role at Oracle?
Mark Hurd joined Oracle Corporation as co-CEO and played a pivotal role in growing the company’s cloud computing division.
Did Mark Hurd have any children?
Yes, Mark Hurd had two children with his second wife, Paula Kalupa.
How much did Mark Hurd earn as a salary?
At the time of his death, Mark Hurd had a base salary of $2.4 million and earned around $40 million per year from various sources of compensation.
Did Mark Hurd own any real estate?
Yes, Mark Hurd purchased a home in Atherton, California, for $7.1 million.
What is Mark Hurd’s legacy in the technology industry?
Mark Hurd left a lasting legacy and was recognized for his leadership and contributions to companies like HP and Oracle. He was regarded as an influential figure in the industry and his impact continues to be felt.
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