Feeds

HP multiplies Meg Whitman's salary by 1.5 MEELLION

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

New hybrid storage solutions

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. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.