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Stock impact report

Oracle hires new CFO on mammoth salary after ruthless worker bloodbath [Yahoo! Finance]

The AES Corporation (AES) 
Last the aes corporation earnings: 2/28 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Maxson, 48, formerly of Schneider Electric, assumes the role effective immediately with an annual base salary of $950,000 and eligibility for a performance-based bonus targeting $2.5 million, according to a regulatory filing. The technology company made the appointment amid rising debt from its extensive AI infrastructure investments, CNBC reported Hilary Maxson is the new chief financial officer at Oracle amid thousands of worker layoffs at the software company. Youtube/Schneider Electric A Cornell graduate with an MBA, Maxson has a decorated career in financial services, including stints at The AES Corporation, Citibank and Bank of America. The appointment comes as Oracle faces widespread criticism for mass job cuts. Employees across the US, India, Canada and other regions received early morning emails last Tuesday informing them their roles were being eliminated as part of a “broader organizational change.” Those affected were told they could receive severance after sign Show less Read more
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