Oracle to get new legal chief as longtime leader Daley leaves (1)
Oracle Corp. may soon have a new top lawyer as veteran general counsel Dorian Daley prepares to retire in August.
Daley told Oracle’s board on June 27 of his intention to retire next month, according to a July 1 statement. securities deposit. Oracle said Daley “will assist in the transition of his duties until his retirement becomes effective.”
Oracle and Daley did not respond to requests for comment on the computer technology and software company’s plans for its successor.
In June, Oracle received regulatory approval for its $28.3 billion acquisition of medical records provider Cerner Corp., while also winning a judge’s ruling overturning class action status for women suing women. pay equity claims.
The company, whose tech chairman and CEO is a billionaire larry ellisonsaid in his most recent proxy statement that Daley won nearly $11.3 million in total compensation in fiscal 2021. She also sold about $45.6 million worth of Oracle stock since last year, according to securities filings.
Daley’s annual salary included $875,000 in base salary, a $1 million bonus and nearly $9.4 million in stock. The award was “in recognition” of his “significant contributions to Oracle’s legal strategy and success,” the company said in its proxy.
Daley currently owns Oracle stock valued at nearly $23 million, according to Bloomberg data.
The company announced at the end of 2020 that it move its headquarters from Silicon Valley to Austin, Texas. Ellison, co-founder of Oracle and former CEOgave up senior executive role in 2014. Safra Catz was Sole CEO of Oracle since the 2019 death of former co-CEO Mark Hurd.
Daley, a former head of general counsel at Oracle, has worked for the company since 1992. She served as the legal director of end of 2007 after Oracle’s former top lawyer, Daniel Coopermandecamped to lead the legal department of Apple Inc.
Over the years, Daley has championed increasing diversity and inclusion in the legal profession. She led Oracle’s legal group of approximately 500 employees through a myriad of legal and regulatory challenges.
In 2020, Oracle defeated a $400 million wage bias lawsuit brought by the US Department of Labor that accused the company of discriminating against women and minority workers. The Labor Department chose not to appeal that decision — against the advice of its own in-house attorneys — in the final days of the Trump administration.
The following year, Oracle saw its long copyright battle with Alphabet Inc.’s Google come to an end over the latter’s alleged use of Java programming code in its Android operating system. The US Supreme Court in a 6-2 decision overturned an Oracle victory that saw the company seek $8.8 billion in damages. Daley played a key role in the case, according to a Profile 2016 by trade publication Corporate Counsel.
Shook, Hardy & Bacon has played a role in approximately 11% of Oracle’s caseload in US federal courts over the past five years, followed by Latham & Watkins and Orrick, Herrington & Sutcliffe at nearly 8% each , according to data from Bloomberg Law.
Orrick and Kirkland & Ellis represented Oracle in its battle with Google, while Kirkland and Hogan Lovells advised Oracle on its recent takeover of Cerner, which turned to Latham for outside advice on the transaction. Latham has also previously manipulated work for Oracle.