HP Spent Over $80M To Get Rid of Its CEOs

hapworth writes "Analysis published today shows that Hewlett-Packard has shelled out over $80 million to get rid of three CEOs since 2005. The first CEO to take her expensive exit, Carly Fiorina, received over $42 million, once stocks, options, and pension are factored in. Mark Hurd, after just four years, received $12.2 million to take his exit; and now, after 11 months, Leo Apotheker will walk out with a reported $25.2 million in severance. With eBay's Meg Whitman in as the new CEO at HP, industry analyst Robert McGarvey writes today that 'the HP gig could help Whitman replenish her personal coffers, depleted by the pumping of $119 million into a futile bid to become California's governor.'"

Comments

I've got a better deal

[GodfatherofSoul]

I'll ruin your company for a measly $5 million; no stock options if you don't mind since I'll probably do a pretty good job of it.

Re:I've got a better deal

[Nethemas the Great]

You need an MBA (Master of Bullsh*t Arts). Essentially it's a degree in social engineering through plausible fabrication of reality while keeping a straight face. This should of course not be confused with the career path for politicians which starts with a law degree wherein you learn social engineering through the plausible misrepresentation of facts while keeping a straight face.