- This topic has 0 replies, 1 voice, and was last updated 9 years, 9 months ago by
.
-
Posts
-
HP CEO MARK
HURD’s PAY CUT , $ 40Mil FOR 2009
SAN FRANCISCO –
Hewlett-Packard, the world’s largest maker of personal computers, paid
chief executive Mark Hurd US$30.3 million ($40.9 million) last year,
down from the US$42.4 million he received in 2008.Hurd’s pay
package included US$1.27 million in salary, a bonus of US$1.18 million,
stock and options valued at US$12.8 million and other incentive
compensation of US$14.6 million, according to a filing with the US
Securities and Exchange Commission.Hurd, who took over as CEO in
2005, cut salaries by as much as 20 per cent in March to save money
during the global economic crisis.Hewlett-Packard reported a 3 per cent
drop in sales to US$114.6 billion in the fiscal year ended October 31 as
customers pared back technology spending. In September, Hurd, 53,
forecast “modest growth” in revenue this year of 3 per cent to 4 per
cent.Todd Bradley, who runs the PC division, saw his pay package
drop to US$12.5 million from US$21 million in 2008.Vyomesh Joshi, head
of the company’s market-leading printer division, received US$11.6
million in 2009 compensation, down from US$21.8 million the year before.
The
Palo Alto, California-based company said it would hold its annual
meeting on March 17.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10620006
POOR
HP CEO ….PAY CUT OF ONLY $ 40Mil for 2009
- You must be logged in to reply to this topic.