Feeds

HP multiplies Meg Whitman's salary by 1.5 MEELLION

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

High performance access to file storage

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. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.