Tuesday, November 20, 2012

HP's ousted Apotheker to take home $25 million

http://money.cnn.com/2011/09/22/technology/hp_leo_apotheker_severance/index.htm

It barely registers against $8.8B in write down, but just on principle, and as an ex-HP employee, I want Leo's money back.

"Apotheker will take home $25.4 million.

Mark Hurd, who exited HP scandalously, received a cash severance payment of $12.2 million.

HP CFO Cathie Lesjak filled the gap between Hurd and Apotheker. As thanks for her three-month CEO stint, she was granted a $1 million cash bonus and $2.6 million in stock grants in recognition of her "exceptional service," according to a regulatory filing.

And Carly Fiorina, who resigned (read: was shoved out the door) as CEO in 2005, was given a $21.4 million cash severance in addition to another $21.1 million in stock grants.

In all, the ousters of its past three CEOs, including the bonus for the interim CEO, have cost HP $83.3 million."
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