Feeds

HP multiplies Meg Whitman's salary by 1.5 MEELLION

Keep your hats on – this isn't as bad as it looks

5 things you didn’t know about cloud backup

HP has multiplied chief executive officer Meg Whitman's salary by 1.5 million.

Revealed in a December 17th Form-8K filing to the US Securities and Exchange Commission, HP explains the rise as follows:

On December 11, 2013, the independent members of the Board of Directors of Hewlett-Packard Company (“HP”) 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.

Whitman's previously been granted millions of HP shares, so it;s not as if she's only been getting a buck a year. Even with that in mind, the rise is probably justifiable because her efforts have led to HP's turnaround displaying a super-tanker-like combination of ungainliness and compelling momentum.

The Reg recently assessed Whitman's progress and concluded she's doing about as well as it is possible to do given HP's past mis-steps and the turbulence of the markets it serves. ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?