Meg Whitman, who was appointed chief executive of Hewlett-Packard on 22 September 2011, last week announced that she would be drawing a salary of only $1. Her severance package, meanwhile, is just $1.50. Contrast this with outgoing boss Leo Apotheker’s severance package, which is estimated at $13.5m. This is a man who has presided over a fall of 46 per cent – worth about $40bn – in his company’s share value during his 11-month tenure. (more…)
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.