Arm's 9 September AGM asks holders to approve a 425,000-unit performance award for CEO Rene Haas worth up to $800m, vesting only at $1tn, $1.5tn and $2tn market caps. SoftBank's 86.4% stake settles the outcome in advance. The number worth reading is the against-share of the non-SoftBank float — and the growth the hurdles quietly underwrite.
Draft body lives in the Content JSON property.
Generally no. Say-on-pay is advisory in the US and, for the remuneration report, in the UK; boards are expected to consult after significant dissent but are not required to reverse the award. At Arm the question is academic in any case, because SoftBank's roughly 86.4% holding can carry the resolution without any other shareholder voting.
DrafterDaily takes apart the arithmetic behind headline business figures — pay packages, funding rounds and deal prices.
Read more Business analysisOracle reports Q1 FY2027 today carrying $638 billion in remaining performance obligations. That is roughly eight years of revenue at the current run rate, and it is not cash.
The headline was the 94% drawdown from a $3.44 billion peak. The more useful arithmetic is the cash sitting inside the thing being bought — and the fact that everyone except the angels was paid in another private company's paper.
The biography is the least interesting part. What the board actually did was unbundle the CEO job — keeping Tim Cook on with a defined policymaker-engagement remit — and that separation says more about Apple's next decade than the appointment does.