Meg Whitman pulled in $15.4 million in compensation during fiscal 2012, with a base salary of just a single dollar but a performance-based bonus of $1.7 million.
(Credit: Flickr user Max Morse)
Meg Whitman, CEO of Hewlett-Packard fight, pulled in $ 15.4 million in damages in fiscal 2012.
His basic salary may have been only $ 1, but, as reported by Reuters (citing a deposit HP yesterday with the SEC), the former head of eBay and former candidate for governor of California has been awarded a bonus of $ 1.7 million, stock options and similar to the value of more than $ 13 million (most of which are not yet included).
The prize was awarded in HP’s plan “Pay for Results” which considers performance benchmarks including revenue, free cash flow, and the achievement of a management-by-objective lenses, as noted by AllThingsD by Arik Hesseldahl.
HP, a figure only once for the Silicon Valley can-do culture of start-up, it is shaken by a long and surprising bad news, scandals of corporate espionage for CEO thrown acquisitions extremely expensive. And a flood of criticism has hit the company as a result, including calls to break HP and talk to the press about Whitman’s days are numbered.
HP during fourth-quarter earnings call last November, Whitman spoke of a “return to greatness” for the company based on excellent products. And a recent article in Businessweek she quoted as saying that she answers questions about her turnaround time-frame, saying it will take its “five years” to get HP back on their feet, and that “Some people do not like the answer. ‘
Whitman was appointed CEO of HP a little over a year ago.