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September 30, 2011 06:19 am GMT
Massive severance packages are nothing new, but sometimes you just feel the need to call attention to them. Ousted HP CEO Leo Apotheker is leaving the company with a $7.2 million severance payment, plus a $2.4 million bonus and $3.7m in stock (more if you count the other 440,000 vested shares). I understand that this high pay is part of our business culture, but really, now.Is it possible that HP was in a death spiral and only Apotheker's sound judgment caused them to get away with a mere 45% drop in value? It seems unlikely that they'd kick him to the curb after less than a year if that were the case.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PJWU6DvHhac/
Nice Work If You Can Get It: Apotheker Leaves HP With $10 Million Severance
Massive severance packages are nothing new, but sometimes you just feel the need to call attention to them. Ousted HP CEO Leo Apotheker is leaving the company with a $7.2 million severance payment, plus a $2.4 million bonus and $3.7m in stock (more if you count the other 440,000 vested shares). I understand that this high pay is part of our business culture, but really, now.Is it possible that HP was in a death spiral and only Apotheker's sound judgment caused them to get away with a mere 45% drop in value? It seems unlikely that they'd kick him to the curb after less than a year if that were the case.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PJWU6DvHhac/
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