View Single Post


September 30th, 2011, 20:47
Hey, we just had a PERFECT example of what is wrong with executives at big companies: Apotheker at HP.

Before he was fired he had already taken home most of his $1.2 million annual salary, a $4 million signing bonus and an additional $4.6 million awarded for relocation assistance and to offset payments that he forfeited from his previous employer, SAP (SAP).

Apotheker will receive $7.2 million in severance, which will be paid out over the next 18 months. He'll also receive a bonus of $2.4 million for his 11 months of service.

Also, HP will pay Apotheker up to $300,000 for any losses or fees on the sale of his California home, and will immediately vest 156,000 shares of stock valued at $3.6 million on the day Apotheker got the boot.

Holy crap! *I* would have gladly driven HP into the ground for half that approx. $24 million.
BillSeurer is offline


BillSeurer's Avatar
Eternal Supreme Dictator


Join Date: Oct 2006
Location: Minnesota, USA
Posts: 1,739