Oracle’s option packages for Ellison and its co-CEOs had a $988 million grant-date value but ended the fiscal year underwater

Fortune reports that Oracle awarded cofounder Larry Ellison and its co-CEOs stock option packages with a combined grant-date value of $988 million. All of those options were underwater by the end of the fiscal year. Fortune says new CFO Hilary Maxson, who opted to take some of her pay in restricted stock units, fared much better.