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Wed May 23, 2012, 10:31 AM

Well, the almost $47 million in CEO pay for 2011 has to come from somewhere

February 03, 2012

But all told, the company has plunked out almost $47 million in CEO pay in 2011, with Whitman making $16.5 million and Apotheker $30.4 million, including a $6.4 million bonus.


Apotheker earned a base salary of $1.1 million, plus a $6.4 million bonus and another $17.6 million in stock. But he also earned a mysterious roughly $5.2 million in "other compensation."

Could that have been his golden parachute for 11 months worth of work?

Whitman, who took the CEO role at the end of September, got her pay in a hefty $16.5 million stock award and $372,598 in the mysterous "other compensation category."

But hey , Whitman only makes a "salary" of $1 officially, so that's likely the model they hold up to the employees there. "See. She makes less salary than you do. Well, until we lay off most of you, that is."

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