CDRInfo Forum CDRInfo Forum

Forums  Register  Login  My Profile  Inbox  Address Book  My Subscription  My Forums 

Photo Gallery  Member List  Search  Calendars  FAQ  Ticket List  Log Out

Fiorina Exiting Hewlett-Packard With More Than $42 Million !   Logged in as: Guest
Viewers: 1327 You can click here to see Today's Posts | Most Active Topics | Posts Since Last Visit
  Printable Version
All Forums >> [News Around The Web] >> General Computing News >> Fiorina Exiting Hewlett-Packard With More Than $42 Million ! Page: [1]
Login
Message << Older Topic   Newer Topic >>
Fiorina Exiting Hewlett-Packard With More Than $42 Mill... - 2/12/2005 3:36:44 PM   
SiliconFreak


Posts: 12103
Joined: 7/4/2003
From: Melbourne, Victoria, AUS
Status: offline
Carleton S. Fiorina, the former chief executive of Hewlett-Packard, will receive a severance package worth about $21.4 million, and stands to gain at least $21.1 million more.

The additional amount reflects the estimated value of her pension, stock options and Hewlett stock holdings, which the company did not include in her severance package.

Ms. Fiorina was forced to resign Tuesday after the board concluded that she failed to reverse Hewlett's sagging stock price and accelerate the company's turnaround after the merger with Compaq Computer.

She will receive $14 million in severance pay, according to terms of the agreement submitted yesterday in regulatory filings.

She will also receive a $7.38 million bonus for meeting certain performance goals in 2004 and the first quarter of this year, even though on Wednesday the board singled out Ms. Fiorina's failure to accelerate the company's strategy.

In addition, Hewlett agreed to pay her $50,000 for legal, financial and career counseling and will continue her health and personal security benefits for about a year.
Full story...


Source : NYTimes
Post #: 1
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/12/2005 4:02:45 PM   
semo

 

Posts: 193
Joined: 12/29/2004
Status: offline
maaan that's why i hate business and all... if an executive of a big corporation leaves or is fired he gets a big fat check.
but that's nothing, if a corporation goes bust, the the executives are in for a treat...

the world of business is just so surreal... if you fail you are rewarded, if not then you just have a steady income

that's just not right

(in reply to SiliconFreak)
Post #: 2
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/12/2005 4:13:51 PM   
SiliconFreak


Posts: 12103
Joined: 7/4/2003
From: Melbourne, Victoria, AUS
Status: offline
Welcome to todays world...its just a dirty cheating game....where 95% of money(earned by hardworking people) goes to top 5% of people whose only "hard" job is to just sit and drink coffee all days long... Sad but true...but hardworking people never (or VERYYYYY rarely) become millionaires...

(in reply to semo)
Post #: 3
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/12/2005 4:25:18 PM   
semo

 

Posts: 193
Joined: 12/29/2004
Status: offline
yeah, that seems about right. if i just add one more statistic

95% of people whose job is to just sit and drink coffee all day long are not millionaires
it ain't that easy unfortunately, believe me, i've tried it

(in reply to SiliconFreak)
Post #: 4
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/13/2005 5:35:21 PM   
SiliconFreak


Posts: 12103
Joined: 7/4/2003
From: Melbourne, Victoria, AUS
Status: offline
Hahahaha...thats because You were in the wrong category...sorry...but You should know that You always need to stick with those 5% (no matter in which category You look)...just dont go with the flow (of those 95%)...cause they will 100% miss their golden chance to become millionaires...

Try again...You'll see I am right...

(in reply to semo)
Post #: 5
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/14/2005 1:44:43 AM   
tqhoang


Posts: 324
Joined: 11/19/2004
Status: offline
quote:

ORIGINAL: semo

maaan that's why i hate business and all... if an executive of a big corporation leaves or is fired he gets a big fat check.
but that's nothing, if a corporation goes bust, the the executives are in for a treat...

the world of business is just so surreal... if you fail you are rewarded, if not then you just have a steady income

that's just not right


Agreed. I cannot believe these people who are supposed to be the board members actually voted for this. No one person is that important...not one! Can you believe that she's going to get the additional $50k for the legal and career counseling? WTF?

This is another reason why I will never recommend HP...not to mention that I've had terrible experiences with their desktops & laptops...
I don't even buy official HP ink...just buy the remanufactured ones from Staples.

Also the whole bit about meeting goals is so ridiculous. They're always stupid and assinine (sp?) things that probably have nothing to do with her real job there. Last time I checked, if a person wasn't doing their job, they got fired. Now we give them millions of dollars and say please don't bad-mouth us?

This makes me so angry, probably even more so because my brother just got layed off from D&B...they screwed him on additional severance because they haven't been giving out raises & bonuses for the past couple of years...like $2k short of the magical cut-off. And this be0tch gets 40+ million...


< Message edited by tqhoang -- 2/14/2005 1:46:10 AM >


_____________________________

M$ Windows XP SP2
ASUS A7V8X BIOS 1015.003
AthlonXP Barton 3000+
NVIDIA GeForce 7600GT AGP
LiteOn SOHD-16P9S Fw FS0J
NEC ND-2100A@2510A Fw 2.0A
NEC ND-6750A Fw 2.42
NEC AD-7170A Fw 1.O4
Plextor Premium Fw 1.07
Plextor PX-716UF Fw 1.11

(in reply to semo)
Post #: 6
RE: Fiorina Exiting Hewlett-Packard With More Than $42 ... - 2/15/2005 9:55:37 PM   
Cooler

 

Posts: 411
Joined: 5/1/2003
From: Finland
Status: offline
Whether company makes good or bad income, the poor "Joe Average" worker (as bottom 95%) gets cut down...
Whether company makes good or bad income, the executives (as being top 5%) gets raises, bonuses and "golden handshakes"...

Anything wrong in that picture?!


_____________________________

Quae dant, quaque negant, gaudent tamen esse rogatae.

(in reply to tqhoang)
Post #: 7
Page:   [1]
All Forums >> [News Around The Web] >> General Computing News >> Fiorina Exiting Hewlett-Packard With More Than $42 Million ! Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Forum Software © ASPPlayground.NET Advanced Edition 2.4.5 ANSI

0.047