[Info-vax] Meg Whitman's base salary increased from $1 per year to $1, 500, 000 per year retroactive to November 1, 2013.

[Norm Raphael]

> On 12/18/13, JF Mezei<jfmezei.spamnot at vaxination.ca> wrote:
> 
> > On 13-12-17 17:42, Norm Raphael wrote:
> > On December 11, 2013, the independent members of the Board of Directors 
> > of Hewlett-Packard Company (NYSE: HPQ) approved an increase in the base 
> > salary of Margaret C. Whitman, HP's President and Chief Executive Officer, from 
> > $1 per year to $1,500,000 per year to bring Ms. Whitman's salary to a competitive 
> > level among the salaries of the chief executive officers of HP's peer companies. 
> > This salary increase is effective as of November 1, 2013.

> We don't know whether this represents a net increase for her or not. One
> would have to know whether she keeps on getting stock options or if
> those have run out or have been diminished. As a "salary" for a CEO
> for a company that size, $1.5 million isn't much. So one really has to look
> at all the side benefits. (I wonder if HP still has the free hair
> stylist that was required for LaCarly :-) .)
> 
> Remember that she set out on a long term turn-around for HP, and I
> suspect that as the ship slowly starts to veer in the right direction,
> you'll see her salary vastly increase.

> Of all the recent CEOs, Whitman seems to be the most down-to-earth in
> terms of decisions and being able to keep a steady direction to undo all
> the damage done by her predecessors.
> 
> I know that BCS customers feel shafted. One could easily argue that the
> damage to BCS was done by LaCarly and Hurd and that it was in an
> unchangeable direction to shut down. On the other hand, Whitman was able
> to reverse the decision to not port NSK to the 8086, so I guess she
> could have done the same for VMS.

It still feels like the death of 1000 cuts....

Norman F. Raphael
"Everything worthwhile eventually 
degenerates into real work." -Murphy