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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.'"
stop hiring out side MBA's and promote people from with in.
It may be better to get people who have / are working at HP to do CEO and VP level work then some out side person who does not know a lot about what goes on in the inside of HP.
That only works if your corporate culture is healthy. Unfortunately, personality pervades an organization from the top down, and HP has spent years under some comically dysfunctional personalities. Anyone who presently occupies a post in HP upper managment is, ipso facto, the problem rather than the solution.
FATMOUSE + YOU = FATMOUSE
You can actually earn a Doctorate in DoucheBaggery?