HP CEO MARK HURD's PAY CUT , $ 40Mil FOR 2009

  • 2toner1-2
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • ncc-banner-902-x-177-june-2017
  • ces_web_banner_toner_news_902x1776
  • 4toner4
  • banner-01-26-17b
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • Print
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
Share

HP CEO MARK HURD's PAY CUT , $ 40Mil FOR 2009

 user 2010-01-18 at 10:54:49 am Views: 62
  • #23164

    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