Feeds

Carly's landing cushioned by 45m dollar bills

But she's no Jack Welsh

  • alert
  • submit to reddit

Build a business case: developing custom apps

If HP's erstwhile CEO, Carleton Fiorina, feels like sobbing as she contemplates life after ink cartridges, she can blow her nose on a golden parachute worth roughly $45m.

As well as existing stock options, a cash payout of $14m, plus $7.38m in other bonuses, Carly gets to keep her computer, with three months of tech support. She'll get home security for a year, six months of administrative support, and $50,000 towards financial counselling and help with finding a new job.

When Fiorina joined HP in 1999, charged with shaking up the company, she received a $3m signing bonus and 5.8m stock options. These are now worth substantially less than the $65.5m they represented when she signed the deal, following the dot com stock market crash and the continuing drop in HP's share price. Nonetheless, their face value of around $18m is better than a kick in the teeth.

During her tenure with the company her salary averaged $1.2m, and her bonuses have topped $1.5m in total.

It is not recorded whether the severance package includes hair maintenance services. At the outset of her HP career, Fiorina was rumoured to travel with a personal hair stylist, a claim she always denied.

Reuters has more here. ®

Related stories

Carly Fiorina quits
HP unites golden printer biz and gimpy PC unit
HP discussed divorce

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.