Fired HP CEO Walks With $13M

Stefan Mileschin · 30th September 2011, 08:04

Wow, CEO for less than eleven months and you get $13,000,000 severance package? You and I would be lucky to get thirteen bucks and a swift kick in the ***. The sad part is the company's market value fell $40B with this guy at the helm and he still gets all that money. Apotheker's parting package includes a $7.2 million severance payment and a $2.4 million bonus for his performance while he was CEO. He also will keep restricted stock currently worth about $3.7 million. The value of Apotheker's other stock awards will depend on how the company fares in the next few years, according to documents filed Thursday.

http://www.hardocp.com/news/2011/09/...ceo_walks_13m/

30th September 2011, 08:04	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,408	Fired HP CEO Walks With $13M Wow, CEO for less than eleven months and you get $13,000,000 severance package? You and I would be lucky to get thirteen bucks and a swift kick in the ***. The sad part is the company's market value fell $40B with this guy at the helm and he still gets all that money. Apotheker's parting package includes a $7.2 million severance payment and a $2.4 million bonus for his performance while he was CEO. He also will keep restricted stock currently worth about $3.7 million. The value of Apotheker's other stock awards will depend on how the company fares in the next few years, according to documents filed Thursday. http://www.hardocp.com/news/2011/09/...ceo_walks_13m/

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