People were actually complaining about giving Tim Cook $384 million over ten years. If you work it out to a monthly basis, Apotheker got paid 70 percent of what Cook’s getting. And the guy conducted what amounts to a rockstar-style hotel-room trashing of HP, promising to sell HP’s profitable hardware business and kill a promising technology, webOS, that it had only recently paid a boatload of money for. All in order to turn the company into a software and services business like the one he failed to run at SAP.
See, this is what’s wrong with executive compensation. Before they do anything else, the HP board should stop and vote on a resolution to halt the practice of serving liquor at the meetings where they pick new CEOs and decide on their compensation packages.
Mon 26 Sep
