Oracle legal exec to push back retirement amid SEC settlement

Dorian Daley, executive vice president and general counsel of Oracle, will postpone her retirement to help the company transition her duties to another employee, Bloomberg Law reported Sept. 28. 

The announcement comes after Oracle agreed to pay the Securities and Exchange Commission more than $23 million to settle allegations that the company violated anti-bribery laws when subsidiaries allegedly used slush funds to bribe officials in Turkey, the United Arab Emirates and India to win business opportunities between 2016 and 2019. 

Oracle did not admit any wrongdoing, but agreed to pay the settlement as well as cease and desist from violating anti-bribery laws. The company did not respond to Bloomberg's request for comment.

Ms. Daley joined Oracle in 1992 and originally planned to retire in August. 

She had received nearly $15 million in total compensation from Oracle during fiscal 2022, according to a Sept. 23 SEC filing.

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