Meg Whitman's payday for first year at HP: $15M [View all]
Source: The Daily Breeze
"Meg Whitman could get more than $15 million for her first year as CEO of Hewlett-Packard, according to company filings.
It's a big payday even by the lofty standards of big-time CEOs. The chief executives of major public companies made a median of $9.6 million in 2011, the most recent year available, according to executive pay research firm Equilar.
But Whitman's $15.4 million pay package takes an unusual formula, one that she hopes will inspire confidence that she is serious about turning around the ailing computer company. For the second year in a row, she will receive just $1 in salary. She will also receive a $1.7 million bonus and about $220,000 worth of perks, almost all of that related to use of company airplanes."
Read more: http://www.dailybreeze.com/latestnews/ci_22361543/meg-whitmans-payday-first-year-at-hp-15m
...needs to make back all the money she threw at us in California in the last Gubernatorial election.
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