HP’s Mark Hurd made $42.5 million in fiscal 2008
Hewlett-Packard gave its boss, Mark Hurd, $25.4 million in cash last year, including a $1.45 million salary and $23.9 million in bonus money, according to compensation figures contained in the company’s proxy which it filed late on Inauguration Day.
Throw in stock awards that the company valued at $7.9 million, and don’t forget $738,392 in other miscellaneous items, including $98,000 worth of dividends paid on his restricted stock holdings and $71,482 of “relocation” compensation paid out to Hurd, who joined the company more than three years ago.
HP’s proxy presents the 2008 compensation two ways and comes up with different totals, depending on how you count it up. According to the compensation committee’s view of things, they paid Hurd $23.3 million during fiscal 2008. However, the company reported compensation paid to Hurd of $42.5 million, including incentive payments earned from prior years but paid in 2008.
Either way, it’s a lot of money.
Hurd exercised options for 400,000 shares last year, which he sold, making $10 million in the process. Also, 336,666 restricted shares due him vested, worth $15.7 million at that time. They are now his, free and clear.
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Here’s to hoping Mr. Hurd contributes some of his windfall earnings to the Former HP Employees fund. $80,000 for food tax for family. I could feed a lot of people with that kind of coin.
Tax Gross-Up for Mr. Hurd $124,309
personal usage of HP corporate aircraft for Mr. Hurd $135,734
home security services for Mr. Hurd $255,872
cash bonuses for Mr. Hurd $23.9 million
No pay raises for employees Priceless
All this in a year when the all reward systems for employees have been suspended and after 3 years of no pay increases. corporate greed hp certainly is not the great company it used to be, invents nothing focus is on profits only and customer service and product backup are all but gone. a big thumbs down.
As an employee of HP, it is degrading to employees that pay attention to what is happening within the corporation. No pay raises for worker bees, only cut backs. As for Queen and King bees, nothing but pay raises and bonus money for themselves!
Sad….very sad, that he can go to work for 3 hours and make what I make in a year. Great morale booster. Yeah..
Is any one person worth $42 Million?? Greeeeed!!
I don’t know how Mark can sleep at night when there are so many HP families who are being affected by layoffs and the economy the way it is. Is there no shame for the rich?
His name should be turd, not Hurd. I just bought an hp w2207 22inch monitor three HOURS ago from STaples. Hooked it up to my G4. Didn’t work. Call tech support . Joseph told me that the monitor is NOT under warranty any more. How can it not be under warranty. From what I’ve seen on the net, hp is a company going down into the toilet. And Mark is getting paid tens of millions for this? He’s the one who should be flushed down the toilet.
Suggest that employee shareholders show there disgust of the current executive salary packages by voting against Mark Hurd’s re-election as director of the company at the forthcoming 2009 Annual Meeting.
In 2008 outsourced to HP, 1 day later 25,000 (mainly) EDS people will be fired, 0% salary increases for the people who bring in the money and Mr Hurd (and all his direct reports Livermore etc.) are increasing their earnings without any shame!!! No one is worth that kind of money not even Mr. Hurd cs. He should be ashamed deeply!!!!!!!!
HURD IS A JACK ASS!!!! CUT YOUR SALARY BY 20%????!!! YOU MAKE 42 MILLION A YEAR. YOU SHOULDN’T TAKE A SALARY!!!
What the hell, cut my salary bastard. Sure what if we switch salaries, hell I’ll agree to have 60% cut. This is the biggest pile of BS I’ve ever gone through.
HP, wasn’t at one point a company based on employees? What the hell happened, oh yeah Mark “FU$@(” Hurd
WHATEVER MARK HURD!
How about he cuts his pay by 20% of $1.45 Million but also hands back all the extras and that will save the company $41.5Million dollars - save lots of jobs….
Mr President Obama cut his pay to $500,000 only with no extras and a bonus if the company is back to where it should be.. First the execs cut their ACTUAL TAKE HOME PAY and then talk about the employees
Thats just great - our CEO is willing to take a 20% cut in his BASE salary… but it states nothing about his 29 million in bonuses.. yet the people that make the money, employees are getting anywhere from a 2.5% to a 10% cut in pay - based on the average pay of the employee’s that averages out to be between 50-60 dollars a pay period. lets see - take the 29 million bonus and divide it out among the employees and you will see 15 dollars per check raise for each and every employee HP has…
DO THE MATH MARK - YOU HAVE ENOUGH - YOUR EMPLOYEES ARE HURTING
Pure greed … you cut your salary by 20% but you make $23 million in bonus. Employee bonus’ are based on a percentage of our salary. What is yours based on???
Employee shareholders will band together to show there disgust of the current executive salary packages by voting against Mark Hurd’s re-election as director of the company at the forthcoming 2009 Annual Meeting - and all other’s on the board.
I’m not a math whiz but 100,000 employees at (overestimating) $100,000 base salaries – 5% pay cut would be a savings of $500 million. If each executive and executive council member managed to survive on their meager salary for a year (no bonuses, etc.) it would probably be about the same amount of savings. If the buck stops here, Hurd is no Truman. I hope he can survive with his $75K pay cut. He probably won’t make $42 million this year. Maybe only half that. Poor guy.
Sad sad day, it hurts morale and makes us feel worthless. And the irony is….if we complain, we’ll get bad ratings and risk being laid off during the next round of layoffs (o yea, you dont think those are coming!)
- hey, these drastic actions will increase productivity…just do the math!
Please!
20% * 1.7M = 340,000
340,000/42M = .8% loss
.8% < 2.5%
the keyword here is BASEPAY but in reality we are getting screwed. While Mark may not be able to buy his Solid Gold toilet this month, some of us are not going to have a house anymore.
I want to know how is it that salaries get cut across the board, yet EDS is pulling in money left and right. Enough, even, to make up for the losses of the other divisions. We would have been just fine if the great Turd wouldn’t have bought us.
me and parkard are rolling in our graves.
Add to the fact that they review a practice of best shoring..
Strategies employed by HP to keep moral up
Retrenchment
Bonus seized - pay rise promises cut - incentive’s programmes cut
### so if you are like us in Aus and havent seen one in 2 to 3 years it will be now 201-
Best shoring
Pay cutting
Review Best shoring ( the if’s and how’s)
but you know you may work well and hard for the company and you just might get CPI back in 201-???? for the fiscal year of 2009
but hey you hang in there “kido” for we need you? to provide excellent service to our customer.. While we **** you behind close doors…
*** we have people wanting your jobs
******* Remember that!!*****
Are you as happy as I am now
Executive greed has never been more rampant. EDS’s CEO Ron Rittenmeyer got $48 million for staying on for 8 months after the merger. Mark Hurd got $40+ million last year while committing to lay off 24000 employees after the merger. Makes you wonder if Hurd and Rittenmeyer hadn’t signed themselves up to receive $88 million may be a few jobs could have been saved. Oh wait, maybe they didn’t sign up for the bonuses it was just thrust on them by the board of directors, coz they’re really nice, smart guys who need the money.
I wonder if there’s a lesson in this for all the worker bees … Educate me, I’m just too stupid!!
20% pay cut for you and 5% for me??? What pile Turd Mr Hurd, shame on you! do you even care? How do you sleep at night? Since you came to office have you given any of us worker bees 5% increase in salary that now you are are taking 5% away. You say you are saving us from layoff, why don’t you don’t you tell everybody what a bloodshed you are causing in IPG, under the table away from news media in this economy. Why don’t you tell the world how you are burning people’s lives and families into smoke in IPG so you can get your $40 million in bonuses? Shame on you After years of dedicated service to HP, this is what we get a kick in ass out the dooor. Shame on you, Shame on you.
The company I worked for was acquired by HP about a year ago. We just received word that all exempt employees will take a 5% reduction in pay AND our matching 401K contributions will be reduced from 6% down to 4%. Do you think HP will restore these benefits again when the economy improves? Not a chance!! LOOK AT WHAT ELSE WE’VE HAD TO ENDURE:
-Acquisition employees were given only 11 days of annual vacation plus 1 day for each year worked at the previous company. In my case I lost nearly 2 weeks of annual leave.
-In 2008 all employees were required to take either 6 days of mandatory vacation or unpaid leave during the xmas holiday. That left me with only 5 vacation days for the remainder of the year!
-Annual tuition reimbursement maximums were reduced from $15K at the previous company to $5K at HP.
-Medical benefits are more expensive than at the previous company.
-Drug copays increased from a flat $30 rate to 30% per refill.
-HP discontinued providing credits to the Retirement Medical Savings Account (RMSA) program.
-The minimum severance payment that is given to employees who are laid-off was reduced from three months’ pay to six weeks’ pay.
-The maximum severance payment that is given to employees who are laid-off was reduced from nine months’ pay to six months’ pay.
-A nine-week job search/salary continuation period that applied prior to termination of employment was reduced to only five weeks.
-HP recently started requiring employees to use all of their vacation in the year in which it is earned and employees can no longer carry over unused vacation from one year to the next.
-HP no longer reimburses employees working from home offices for personal cell phone, home phone and home Internet service expenses
Just as soon as the job market recovers I am SO GONE from this company!
So Mr Hurd. I know your going to be doing it tough in the coming year or so, what with a 20% salary reduction and all. But just asking, what’s the chances of a cheap loan. You know say a million or 2.
You can do it. Dig deep.
What a pile of BS! Our taxes are getting raised and our salaries are getting cut… You want us to be thankful? At least we still have jobs? Are we supposed to be like Oliver Twist - “Please, sir, I want some more.”, while we cower in fear?
Why does the entire company have to suffer if only one part is sick? Cut off the arm to spare the body… don’t starve the entire body!
Get ready for the mass exodus, Mark Hurd. You dumb-ass!
HP makes profit in Q1, Q2, Q3 & Q4. The higher management gets their share of bonus and salary increments. Customer get their share of savings. Overall HP is a very well established, in a situation to sustain the crises.
But, who is thinking about the base level employee’s who work day and night for the operation to acheive the sucess rates. People who dont see the face of their family members for weeks and give their 110% when the company motivates them. What do they get in turn…. Cut in salaries 5-10% and the CEO who manages the show get 23 Mil as bonus…
Doesnt the very ideaology sound very ridiculous…….
Well thats the plight of an average HP employee. We had no salaries hikes and no bonus for year 2008, we never thought about it, kept working… But the very idea of taking a beating on salary is robbing us of our livelyhood..
Management should stop thinking of “Customer As King and should start treating Employee As King for some time” as they deserve a little appreciation for the hard work they put in for all the SUCESS..
Mark Hurd’s concern is for shareholders, which in turn lines his pockets. HP has not seen an employee centric boss in ten years. The employees are out there busting their butts, interfacing and developing relations with customer, making this great company work. Yes, we need interested shareholders.
Taking away twenty percent of 1.4 MILLION still leaves him a salary of 1.16 MILLION. Mark made $42.5 MILLION via our hard work; who needs that kind of money?! He wins the lottery every year, guaranteed. Meanwhile, he’s chopping away at our salaries and benefits, using the new corporate leveredged buzz excuse “Aligning with industry standard”. What happened to HP being above the industry standard?
Come on, show the employees some respect, give back HP’s money in these “hard times”. This money could keep at lot of HP employees working. Why does Mark get multi-million dollar bonuses and we are steadily receiving benefit decreases . Are we contributing to his bonuses above and beyond our hard work?
Really shamefull executive decisions.
Takin a 20% pay cut to a base salary of $1.5 million is nothing more then a gesture, when you consider the greedy bastard has take home of $45 million from bonus and stock options.
Hell he wont even notice.
On the other hand, the people that have made it possible for him to greed all this wealth, are being trodden into the ground and kicked in the balls for their efforts.
How can any sane person justify this?
It was bad enough to be told there will be 0 pay rises and bonuses
It was bad enough that most of us have not been given a pay rise of any sort for the last 5/6 years resulting in a reality pay cut due to inflation.
Mike Hurd,
You can cut my pay as long as i can cut your throat… dont forget you will still have you 40% bonus to help you back on your feet
Deal or No Deal?
Pay or job cuts are to be expected in this twisted game. Loose revenue, cut jobs so there are less people to make even less revenue to cut more jobs…
I’m not surprised, I may even be willing to take a pay cut, but the proportions are very disappointing. Expected, but disappointing. If his actually pay for 2008 was 23.3 million (the rest of the 42 was compensation for previous years, apparently), the $280,000 pay cut is actually 0.1% of his actual compensation. A staggering loss, to be sure.
The same day we were told our salary is getting cut, we were also told that our department was bringing over new employees from India and that we are suppose to train them.
I will be voting against Mike Hurd.
UNBELIEVABLE!!!!!!
What else can I say, we will not receive any kind of reward or salary review in the next 3 years , so far, and also we are subjected to see our pay be smaller???
FYI we are not receiving 1 million bucks a month, believe it or not a 2.5 or 5 % is a huge hit for us.
Of course if I receive 1 million salary I will pleasantly agree to lower it in 80% even.
HP is where it is, or was I can not be sure at this time, thanks to it’s employee’s. The happier employee’s are the better the company perform’s Mr Hurd.
But as I am not CEO maybe that theory wnet trough the sewage. Maybe HP will follow it.
UNBELIEVABLE!!!!
Not only HP employee’s are not going to receive any kind of reward for their efforts in the next 3 years, so far, but also we are going see our salary reduced in 2.5 or 5 %.
We don’t receive 1 million bucks a month as you Mr Hurd, a 2.5 or 5 % reduction is a huge hit for us.
Of course If I received 1 milion $ a month I will pleasantly reduce that in 80% so my employee’s would not have to suffer MORE, please don’t forget that HP is where it is, or was cause right now we are loosing our former position, thanks to it’s employee’s.
The happier employee’s are, the better they perform.
At least that is the best concept so far.
But as I am not CEO maybe that concept went trough the sewage already.
Will HP follow it with this politics??????
Mark Hurd should be called Mark TURD !!! After not giving raises for years, they are now cutting 401k benefits, and taking 5% pay away. This is in spite of the fact that HP has been making profits !!! He is raping us, and now he is going to give us 20% of his salary but keep his $42 Million and act like he is suffering. Morale is high in HP and EDS. I would suspect work quality and product quality will drop, so start buying Dell.
HP THY NAME IS GREED. What a pathetic company. Run by greedy pigs with no ethics or moral values. They stick it to their employees day after day while they live the good life. We havn’t seen a pay increase in YEARS. We haven’t had a bonus in YEARS!
DOWN WITH HURD! Don’t re-elect him and the rest of his crew!
There have been no increases, no bonus, no incentives, no christmas celebrations….but hey, we’re getting a pay decrease while poor CEO man is reducing his “BASE PAY” by 20%…..boo hooo!!! Mr. Hurd sleep well in your mansion while we stay awake and figure out what we will do to meet our expenses!!!!
This is what is wrong with corporate America. I would be very happy to take this pay reduction if it meant fewer job cuts but Mark ends up taking up all the money with his bonuses.
Did you notice he said the bonuses would still be provided. He doesn’t care about his base pay–he just wants his gigantic bonus. I bet most of the employees won’t get a bonus.
I hope I get cut so I can take my severance and find something else. I’d rather flip burgers than to work for a company with absolutely no loyalty to customers.
RE: “I hope I get cut so I can take my severance and find something else. I’d rather flip burgers than to work for a company with absolutely no loyalty to customers.”
I guess I meant no loyalty to employees but I don’t think we take good enough care of our customers either.
Mark has got people unemployed …. you are correct man he is a mother fucker … he should beaten to death… ass hole ….
Thanks to Mark in the 3 + years that he has been here I haven’t received a raise, had my pension frozen, am forced to take or lose all of my vacation, take a 2.5% pay cut, had matching funds to my 401k cut by 1/3, have to put in sales leads that pan out in the time frame that I specified. Also who would ever think of a “Bonus” as a spit in the face but Mark has managed that by in his first year changing from everyone receives the same bonus to executives receive double that of the employee. Then if that wasn’t bad enough in the next year he changed it again this time to executives can get 5 times that of the employee while putting next to impossible stipulations in place for us to achieve to get the bonus. These are just the high points of his take a ways. In the same time frame he has gotten rid of thousands of American workers and sending jobs to places like Costa Rica, (which hasn’t exactly helped our economy). He then uses all the moneys saved to purchase other companies saying this is to position HP for the future. But in reality he gets money for himself on the acquisition and in turn dumps even more workers on the unemployment lines. Now he is going to take a 20% “Base Pay” cut what about the other $41.05 million Mark? I was reared better than this but I wish that each and every cent you take in brings you nothing but heartache and despair a hundred times that you have caused us the people have build this company.
Corporate greed at its pinnacle. Mark Hurd, shame on you. Even monkeys know how to cut cost. You should get rid of yourself and immediately you can save hundreds of employees from layoffs. If you don’t know the meaning of karma, check it out in Google. Maybe Obama can teach you a thing or two about what’s acceptable corporate behavior!
Being bought by HP is the worst thing that has ever happened to EDS employees.
Will Mr. Hurd give up his 23 million bonus money as well this year? If not, his 20% paycut is a joke.
i do tech support at HP they pay me less than a 1.000 dollars a month… so my salary is less than 12.000 dollars a year… with just one month of Mark’s salary i can live the rest of my life as a millionaire
quit crying kiddies! if you still have a job you should be grateful. if you work at HP and you get layed off in 2009, you probably deserved it. i can think of 5 lazy weaklings in my group i’d love to see gone. if you have the balls and brains to be a ceo, then go do it… and i’ll laugh at you if you pay yourself modest salary and refuse to take phat bonuses.
bzoink!
oh and another thing for all you wimps that feel your entitled to high paying jobs and endless raises. this is a free market, nobody makes you work at HP. if you think your worth more or deserve more, then get off your lazy duff and go get it!
Doesn’t any one see the similarities between the new HP and Enron? CEO lines pockets while running company into ground.
Sad days.
Sad when you are praying to be laid off. VPB - what a joke. Just a way to not have to pay off the workers.
Sad that the only ones that care about customers & employees are the lowest on the totem pole. I will not dump on our customers just because HP sucks.
Sad that his compensation for one year would set most people up for the rest of their lives, along with their entire extended family.
Sad that most employees still are faithful to HP when HP is stabbing us in the back.
ENOUGH!! Mark Hurd, you have taken too much from the American workers. Because of CEOs like you, think India & Costa Rica, this country is only going to get further into a depression.
I do bill i do see that i used to do some works for Enron…
We do not get paid enough as it is for all the work that we do and are constantly taking on. I think tomorrow may be my last day.
p.s. Barbs is my best friend.
#46, Quit crying, um take a pay cut enjoy yourself, but NO CEO should be making the amount of money his azz is making and want to take everyone elses lil’ check we get and cut that!!! Be grateful for a job, watever sing another song, that one is OLD! I am a EDS employee bought out from HP who screwed us into the ground ans has made our lives a living hell.. The SUITS needs to come down a level and join us in the real world…What comes around goes around believe that!!!!
To Capitalist Pig, Just how brown is your nose and do you have to come up for air or have you been doing it so long that you have evolved that breathing is an option?
It is disappointing to be one of the jobs made redundant and to have all internal jobs closed or unavailable to those of us on “job search,” but I hoped for the best. These actions combined with the poor economy are ugly and almost irresponsible and negligent because they sent people out of a company (EDS) performing reasonably well with little chance to survive in this market. It’s bad timing.
Seeing this kind of pay and bonus award is again bad timing and now even more disrespectful to those who made EDS a valuable addition to HP and lost our jobs to satisfy the promises made to shareholders to approve the merger. We certainly haven’t looked after our own people.
But don’t be so hard on Mark. Ron and others certainly got their rewards as they left us to HP.
#46, take your hand off it.
It’s wankers like you who helped instigate the worlds current recession. The one that’s making us all pay either directly or indirectly by the need for our governments go fork out Billions of Tax payer dollars to prop-up global economies.
So Mr Ship-Head Hurd takes a 20% cut in 1.45 million. What about the rest of the 40 Million he made last fiscal year.
Have you asked the other 5 people in your group what they think of you? Go on, ask them.
Wow, in the past 4 years I’ve had 2 promotions and am now making 10% less than in 2005. 5% paycut, 6-2% cut to company 401k contributions (depending on company performance relative to market and economic conditions), no more stock purchase plan, no e-awards for going the extra mile (don’t even think about stock options), my cube has been split in half (have to share one now), no pension, health benefits decreasing each year, everyone hates upper management for their greed, sucky work environment. And not to mention all the great people that have been let go… thousands of lives have been affected in the last 4 years. I’m so saddened by some of the great people I used to work with that were laid off… it sure would be nice to have them back. And we’re still making money… this “awful” quarter we still made $2.2 billion.
All this and Hurd took in $43 million last year? This is a disgrace. Look at what he’s done for employee morale. Screw the employees, use that money to buy other companies so that more can be laid off, so that he can line his pockets for more millions.
Yea, let me get right on these projects that are going to be so beneficial to HP (Hurd). Obviously I’ll get the shaft no matter what happens.
Whew….
I am so glad I was let go the first day of the mass layoffs in April 2007. After seeing the sale/merger and what was going onm I was one of the lucky ones. Not having to worry and get stressed out.
I still have a friend, or two, at the company, but they are under a wee bit of stress, not knowing if they will be escorted out the door, not allowed back to your deskm your coat handed to you, a boot to the butt.
It took me over a year to find another job, and yes I did learn to economize, big time. I then was let go, economy, and am starting another job next month.
Oh has anyone tried the customer serivce call center? They are totally clueless. I had to tell them where to find the answers (since I did not have my books with me, they were in my desk which was dumped into a box and mailed, but they did not send one piece of paper pertaining to benefits etc. I had to rebuild everything I had) to my questions. They did not have phone numbers for carrier contacts. They had nothing.
While a decent pay check would be terrific at least I am me, not a mental diaster waiting to happen, not disgrunted over the raises, etc.
wondering if today was it.
Just my thoughts
Mr. Hurd could turn HP around by giving back his bonuses. If he cannot survive on his base pay (even with a 20% cut), he should not be allowed to run this company. EDS made the money for HP, but we are triple punished since they took us over .. no raises that were due, did not qualify for HP bonuses and now he wants 5% of my measley salary? What next - should I be paying you to work here? Shame, shame and triple shame on you. You are part of the reason the world is in recession - greed, greed, and more greed! Meanwhile others have a hard time making ends meet. I hope you can sleep at night!
Mr. Hurd could turn HP around by giving back his bonuses. If he cannot survive on his base pay (even with a 20% cut), he should not be allowed to run this company. EDS made the money for HP, but we are triple punished since they took us over .. no raises that were due, did not qualify for HP bonuses and now he wants 5% of my measley salary? What next - should I be paying you to work here? Shame, shame and triple shame on you. You are part of the reason the world is in recession - greed, greed, and more greed! Meanwhile others have a hard time making ends meet. I hope you can sleep at night!
What else to talk about? Isn’t that obvious? Even retard knows, who is he kidding? He thinks everyone is retarded like him?
Is he the head of NASA or what? What so complex about HP organization that he is getting that kind of ridiculous amount? Delving on supernova in billion light years away or finding the origin of life or universe? With or without his existence, the company will be pretty much the same. You tell me?
I FEEL so touched by his gesture on cutting his salary by 20%! Maybe all HP/EDS employees from now on should work 24 hours a day and instead of company paying us, why not we contribute all our hard earn money and savings to mark his personal jet, castle, island??? I don’t think he knows what’s karma for he doesn’t sound smart to me?
pay reduction, work force reduction? not required anymore. just flush mark and those jackasses down the toilet and all problems will be solved! crude calculation, we can save at least $100million a year! see, i can be ceo as well…just bullshit and blah blah blah!
This is a load of BS.
I took a paycut to take on this role in the hope that I would develop and then be compensated accordingly.
I have developed, but am still paid at my lower salary, and now I am in line for a 5% reduction or a possible job cut.
How is this a fair deal? If you werent disillusioned before, I bet you certainly are now.
If most of the employees walked off the job there would be significant profit losses for HP. They cant sack whole teams can they? Who would do the work?
How would the money be made to make the profits for the Shareholders and our great CEO’s bonuses if nobody is doing any work?
Just say NO to the pay cut. That’s it. Just say NO. Employees unite.
5% pay cut, HP make a bigger profit which will = to turd making a bigger bonus he is a very smart man, for him self.
get rid of all bonus and HP will save 500 million..
Further to above, or on a positive note - I will take the pay cut - I currently work 10-12 hour days as standard. I will now come in at 0830, take a full hour for lunch (and leave the building) and finish at 1700. The company will sadly lose 10 hours of my productivity a week and my health will be a whole lot better. Make it work for us!!
Well, having never taken a day sick in my life and being 100% client billable. They take 5% off I take every second Monday or Friday sick which will hit them directly in between the margin and the sphincter. I think that is a fair exchange. Mark Turd is certainly that. Any care factor I had is now in the dunny.
Thats not fair, even if Mark hurd gets 20% cut off his Salary hes still looking and sitting pretty (Bonus ect ect..).
They are cuttung 2.5% of my salary per year or I get made redundant.
$100.00 dollar less per fortnight, I have to support my Mrs and Kid people, you know I have a family. If I don’t have $50.00 per week spare now, how the hell am I going to now!!!!!!!!!!!!!!!!!!!!!!
Sounds like cut up the employees and rake in the dowee
I suggest let us all leave the company and try to find a better one even while experiencing the crisis. HP wont mind loosing a muscle and i am sure that they are already prepared for the worst.
I have a couple of things to say but first of all. #46 “CapatalistPig” sounds like Mard Hurd himself to me or maybe one of o his pigs.
I think if all the HP/EDS employees unite together and protest against Mark Hurd’s announcement of pay cut then we could be saved fromt that. HP needs a revolution.
People, you all will loose your job one day or another. Why not we all just sign a letter against Mark Hurd. If all 100,000 HP employees stop working all of a sudden and protest just for one working day.
So guys I hope you get the point here. If we all stop working just for one day only the executives, Mark Turd, and all the shareholders will take their decision back and would start paying respect to the HP team.
Maybe it is time for all HP employees to earn their respect and earn what we need.
And if some executives think that they deserve more and we are just labour and stupid people then maybe it is the time to show our smartness and power. I wonder why all HP employees dont bandtogether and get what they deserve.
Wishing good luck to all HP employees excluding the executives.
Yes, Mark, you can make decision in your way and so do we.
In The last 11 years apart from a few contractual salary increases I have had 1 (ONE) pay rise and a small hand full of bonuses. Frankly a modest pay cut will put me back to before I started in Every Day Sucks. I wish every amount of disaster to fall on Mike Turd and each and every member of his family now and for the rest of time. May they all rot in hell.
Truly, I am an idiot. Working overtime, weekends and on Holidays. Thinking we are doing a great job for our customers and are recognized by our management for all the extra time we spent at work away from our families. All to please our customers and shareholders. But this week it has become clear that we are all just a number. Only 1 number seems to count in this company: our CEO, number 1.
Oh and to anyone who thinks signing consent yo taking the pay cut,
Consider this.
Taking a pay cut = making you redundant cheaper
Do not consent, don’t let them have the chance to pay you off for less.
This is not greed but crassness. They take money for themselves but the company is getting low. Insatisfaction spreads on the workforce and provides no benefit…
HP is wasting a perfect moment… Crisis is hitting all our competitors and we are still having benefits.. why don’t invest in investigation and position the company for the future? Why wasting our workers’ talents and skills by firing them or getting them angry?
This is nonsense… but for sure this is for Mark Hurd’s benefit and not the company… he is cutting his paid four times our cut paids… but his salary is far over four times ours!!!!!
I agree, get rid of all bonuses!!!!!!!!!!!!!!!!!!
I’m the BOSS!!
Interesting….all the negative comments. People just don’t see the big picture.
Mr. Hurd said he was doing the pay cuts rather than people cuts. Of course I am not happy about it, but personally I’d rather take a pay cut than lose my job.
I don’t fault Mr. Hurd for what he can negotiate for his pay with the board. The last thing I want is for someone (gov’t or otherwise) to limit me on what I can make or negotiate.
If people want to complain about his salary, they need complain to the Board, not Mark….they authorize his pay. People just see that even after his pay cut he still is making millions of dollars….but it’s still a pay cut….I’d like to hear what you’d say if they gave you a 20% pay cut as opposed to 5%. Should he have taken more of a pay cut?…maybe, probably. But people need to quit complaining, focus and do their job.
All EDS emploee!!! - … I know … I know …
Wow, i am surprised to hear how poorly the HP employees are treated. As a Dow component, I always thought that HP would be an AWESOME company. From what I’m reading, apparently HP was a great company back in the day (just like EDS was under Ross Perot). It’s shocking to hear that I now work for a company that hasn’t granted pay raises for 2 to 3 years. At EDS, I’ve been getting raises every year (until now). I didn’t know HP employees were so disappointed in their company. This is a real downer to hear that HP has been shafting their American employees for longer than EDS has, which didn’t start off-shoring in a big way until about 3 yrs ago, with massive layoffs since the buyout. It looks like employees of HP and EDS have a LOT in common as we are both living the same nightmare.
2.5% of my salary = 12 $ monthly. Mark, you really need it?
You spend 28 million on a services company and then you go and tell the market that the prime assets that drive the services are now being screwed. Smart thinking. Clients will know services will decline, hence their business revenue hence they wont trade with TSG.
Nothing worse than buying something and then not knowing how to use it, you usually end up selling it on or throwing it out.
Its a joke, it has to be no one is that dumb.
My two cents. A monkey could come into a company and cut jobs at the expense of service and make money short term. And then a bunch of monkeys (the board) can then start jumping up and down and praising the great job the great head monkey did and pay the head monkey a GROSS amount of money for this short term fix. Several years in the future companies that had contracts start giving those contracts to other companies that could offer better service at a lower rate, because company with expensive monkey can’t offered to compete. By this time the head monkey who has “saved” the company has taken his GROSS salaries he has been given by the lesser monkeys to go to another company and do the same.
Would it not be better to set these bonuses up over a longer term. These guys are great at making things look good short term but they know this won’t last so they jump to another company while they look good and afer they leave the previous company goes broke. They then do the same thing for the next company.
One other thing. As far as I am concerned the only way someone would be worth $42,000,000.00 is if they cured cancer. Otherwise how could any rational person justify this type of bonus and salary.
This pay cut does not bother me that much. I realize this economy is not in the best of shape. What bothers me is that this type of greed is what got us into this mess.
I believe in compassionate capitalism, yet Mr. Hurd where is your compassion? From what I see we are in a great decline even with the new president. I might loose my job after working overtime, holidays, birthdays and anniversaries, weekends, weeknights, 12-20 hours some days and even while my baby was being born. Do not follow the same path.
You can give your soul to any company and never miss a day at work but you see what your reward will eventually purchase.
Remember people HP is just a job.
Redeem your soul and take it back from this whore of Bablyon.
In Europe the paycut has to be agreed by the Employee, I for one won’t be signing off on it. As somebody mentioned earlier we should stick together and revolt.
If Mark handed back his bonus I would have a different take, however until that greedy pig walks the walk he can go suck.
This is the modern-day equivalent of ‘Let them eat cake’
This is classic WTF. 10 years from now current pay for HP employee will be the same with how much the person is earning right now.
10 DAMN YEARS! SAME PAY. HIGHER INFLATION. HIGHER TAXES. HIGHER COST OF LIVING. WHO GIVES A CRAP.
I humbly offer myself for the position of CEO of HP. I would be willing to work diligently and give 100% to the company. I promise that I can grow the company and ensure that all employees that work hard will continue to have prosperous jobs. Salary required: $170K/yr + full medical benefits (salary negotiable). Please see attached resume.
I would not mind the pay cut if it meant saving jobs. However, the pay cuts are not intended to save jobs. We are still loosing jobs here that are being replaced by low wage workers in China. The company is riding on the reputation of quality built by it’s past generation of workers with cheaply made Chinese products. They think the HP logo will somehow make an inferior product better. Greed has driven Mark Turd to turn his back on the his own people and embrace the People’s Republic of China.
Turd is a traitor. He is part of the economic turmoil that we are now in.
The Leaders who get paid this amount cant do their job and make the (increased) targets that they set … now the humble employees pay for Leaders not meeting expectations. If we dont meet expectations there is “counselling” or the door …
And by the way, those who think a paycut will save their jobs … you are sadly mistaken. The next set of WFRs are on their way. You will feel like twice the fool when you agree to the paycut and then more of our colleagues are shown the door.
Lazarus and the Rich Man — HP Style
“There was a rich man named Mr. Turd who was dressed in purple and fine linen and lived in luxury every day. At his gate was laid a beggar named Lazarus, covered with sores and longing to eat what fell from the rich man’s table. Even the dogs came and licked his sores.
“The time came when the beggar died and the angels carried him to Abraham’s side. Mr. Turd also died and was buried. In hell, where he was in torment, he looked up and saw Abraham far away, with Lazarus by his side. So he called to him, ‘Father Abraham, have pity on me and send Lazarus to dip the tip of his finger in water and cool my tongue, because I am in agony in this fire.’
“But Abraham replied, ‘You Turd, remember that in your lifetime you received your good things, you shafted your employees, putting them out of work and lowering their pay while making a pretense of also getting a pay cut, but in reality you made out like the thief that you are with tens of millions in bonusus , while Lazarus and your loyal hard-working employees received bad things, but now they are comforted here and you are in agony. And with the current challenges of the global economy and its effect on our water revenues, we needed to take water preventitive cost actions to keep the organization strong while increasing financial flexibility that will help better position heaven to compete and win in the marketplace (didn’t you see the memo on this?).”
“He answered, ‘Then I beg you, father, send Lazarus to my father’s house, for I have five cheating lying heartless schmucko brothers just like me. Let him warn them, so that they will not also come to this place of torment.’
“But Abraham replied, No water for the Turds. I’m afraid you’ll have to burn in hell you Turd. I’ll spread the word to the HP employees. No water for the Turds’.
#79 could be right if the company was having loses. But it is not. It is still, somehow, generating benefits.
Furthermore, if the company is having benefits, they go to shareholders. If it’s not, the money comes from our salaries…
Again, if our salaries were a fourth of Mark Hurd’s, it would make sense to have a fourth of his pay cut. But they are not.
Mark Hurd lowers his salary with 20% this year. What a gesture!!!
He demands the same from his employees…. (not having that giant salary and bonus)
I can’t imagine on what a nitwit like Mike Nurd spends his 42.50 million dollars (plus stock options) on. He already has a company car, a company plane, free life insurance, free pension plan, probably free food & drinks at the company restaurant, and who knows what else he gets for free? My bet is: he’s a very lonely man sitting on a pile of money. A bit like Scrooge McDuck. Let’s stuff him.
This comment from Ann in the Q1 FY09 Results is going to be a tough one since most of us are now 5% less motivated!!! (yet i’m still thankful to have a job in this economy.)
“We have the portfolio, we have the people, and we have the competitive advantage. The time is NOW for us to attack. I need your help to deliver a Q2 that we will all be proud of.”
Best Regards,
Ann
Mark you need a tamilraja reply…. but i think u r not even worth it… u leech
hi jolly ya irukku (i mean am in joy) coz there is a great saying… which goes like this “you must be equally happy during the tough times”
Mark… Mark… Mark…
You see what you get when you become too greedy!
Instead of punishing people you should reward them with a 1% bonus. That’s the profit that the workers have generated - not the stock holders.
The fact that you mention you would not like to cut another 20.000 positions, shows me clearly that those plans are already in place.
So first cut the wages, so that the lay offs cost another 5% less.
What will be your bonus for that accomplishment.
You’re a turd!
And I won’t be unhappy, if I will be no longer with the company…
Or what you left over.
Shame on you! SHAME ON YOU!
Well i cant believe all employees accross the globe are not going to take action agaist our employer!.
If HP make a loss or are in trouble the shareholders should be asked to help out first. To my knowledge this hasnt happened. So why on earth should we take another paycut after years of real paycuts! (no bonus or payrises)
The only way forward for ALL HP employees is to stop this rot, come together and bring the CEO and board to the reallity table! Lets talk about how we do this rather than complaining about the CEO bonus.
We can all talk but how many will act? I vote a global protest for one day EVERY empoyee in the world employed by HP stand up and protest in every office!
Then move to other tactics should this voice not be listened too if we dont then pack your desk and find another job as this is anther very effective way for them to take note!
Corporate America is at that heart of what is wrong with this beautiful country.
I worked for this company for many years. Then had my job replaced by
offshore competition. All while Mr. Hurd gets richer and richer.
There is a special place for those type of folks. Surely karma will find them
and all the others that have choose their path.
Watching America crumble before my eyes.
http://www.svsu.edu/emplibrary/Whelton%20article.pdf
Think it’s the same corporate thinking everywhere, not just this CEO.
I think we should UNIONIZE!!!!
Hurd took what the board offered and he negotiated. Blame the board and remember the Carly days, she did the same thing ! They should be compensated on a combination of EPS and employee satisfaction ratings.
The days of Bill and Dave are long gone and its time to bring back ehtics and morality into leadership !
Mark Hurd is a greedy CEO, not in touch with his workforce. The “20%” pay cut is laughable. Yes, he only “took what the board offered”, but he DID negotiate for it. Some of us have not had a raise in over 7 years. We have no negotiation power.
But for those of us that are upset about all of this, simply knowing that Hurd is no different than the other greedy CEO’s that are out there helps to put in into perspective. The days of Bill and Dave are long gone. Hurd won’t bring them back, he’s just another greedy CEO. He doesn’t care about his workforce, but among the greedy, which one does? It’s too bad to see a once great company go down the tubes, but it’s the nature of men to screw up things that are great.
I’ve not had a raise in over 7 years, I just got a pay cut of 5%, it’s better than a pay cut of 100%, worrying about what the CEO gets won’t do me good, he’ll get his just rewards at some point. I’m pleased to be gainfully employed, and I’m truly sorry for the EDS and other folks out there that are in the 100% pay cut lines.
Well I’ve seen it get worse over the years……the Digital days were great…..Compaq wasn’t bad (at least we got treated fair; regular pay rises, bonuses, frequent travelers went biz class bcz after all they used their own time to travel…….get the picture the company respected the employee and it was a two way thing….great motivated work force…..then along came the HP merger…..
Since the merger things have gradually got worse and worse……this latest scenario with greedy Hurd takes the biscuit…..can’t he not see how unreasonable he is being expecting the staff to take a pay cut after several years with minimal pay rises below inflation despite good performance reviews when he himself is pocketing a HUGE bonus. He should hand back his bonus AND take the pay cut then more people would be onside.
WOW - it just gets worse. I spent 21 years with HP and made lots of money for the big guys. Carly was a disaster taking $180M over 6 years. Now mark is taking $40M/yr, so $120M so far. So $300M and the stock is still not back to the glory days of $142/Share when I left. ‘99. Why can’t the CEO’s work for a reasonable salary??? I know people in Fort Collins who are laid off and having trouble paying bills while mark and Carly rake it in year after year for marginal results. If I had rejoined HP I would still be laid off again. I sold all my HP and Agilent last year - good ridence.
See, THAT is how you destroy a company ( not to mention people’s lives !) : you treat employees like SH*& although they are the ones that have delivered the quality & commitment that made you big… You then run off with all the money you can get your hands on, you fire a good percentage of your staff, regardless of their achievements, you cut the salaries of the ones left a couple of times ( anyone demotivated yet ??). And then you sit back in your lazy chair, watching sales and stockprice fall.
WAY TO GO !!
Just keep at it a little while longer, I’m sure we can get the whole economy past the point of no ‘repair’.
If stealing things that were never yours is considered theft , then why isn’t this called what it is: a BIG FAT CRIME ?????
YOU MAKE ME SICK !!!
oooppsss, MH just forget to tell you also that is salary base went from 1,437,500 M$ in 2007 to 1,450,000M$ in 2008
total from 25,253,461 in 2007 to 42,514,524 in2008
What?? you didn’t get any salary raise on your pay base?? hummmm, must have forgotten…..
I feel for you US employees. But Aussie employees have an ace up their sleave. You can’t force us to take a paycut, you can’t even pressure us - its against the law here MARK! You can ask nicely, but until you take a bigger cut and inspire us (as any great leader worth 42M should) we say NO. Unless you guarantee automatic re-instatement of 5% + %3 upon good times we say NO. And until you tie our bonuses ( biannually) to HP revenue then we say PISS OFF!
I was trying to put this in context so I did a little Google dig.
I couldn’t find anything about Michael Dell taking a pay cut, and they’ve been doing the same things - production moved to Shandong, China and 8000 people out of work in one city alone, 2 weeks forced unpaid leave, etc.
I couldn’t find anything current for IBM. They did a 15% employee pay cut in 2007, and a 15,000 job cut just recently, but again, nothing about the CEO taking a cut.
I’m not saying that Hurd’s compensation isn’t utterly obscene in the face of what’s happening, but it’s standard operating procedure in any major American corporation to bury their executives in bonus money to a degree that defies all logic. Look at the auto industry - their executives took huge bonuses even though they’ve been driving their companies into the ground for almost a decade. Until congress shamed them into giving it back, that is.
It’s not just HP. Sure, take it to the boards, but if you want to get to the real heart of the problem of American executive greed, you need to take it to the streets. The government can’t and shouldn’t tell people how much money they can make, but they can’t tell you not to protest, they can’t tell you not to campaign in your own interest, and they can’t tell you not to unionize.
Who you going to call when a HP-supported Server goes down? Mark Hurd or a lowly Engineer?!
Why the hell are you people still working for HP/EDS. Stop complaining and talk with your feet. You’re all a bunch of whingers that should grow up and do what is right.
Mark Hurd was hired by a selfesh board of directors to distroy what Bill and Dave put in place to make HP the company of the people. A company that believed in, respected and appreciated the employees that have dedicated their loyalty. Mark has accomplished destroying the HP way proudly and trust me he enjoyed every moment. His love for money and dislike for his employees have shown its way like the sun beaming through the clouds.
Anytime a CEO can take a 42 million dollar bonus, bank it, and the EC getting 15 million plus, bank it and then tell the employees, you did not do enough because my bonus could have been 50 million. That may not be what he verbally said but it is the attitude we see with this CEO.
Mark say’s that he is giving back 20% of his salary, truly it is less than 1% given his bonus and the bonus’s over the past two years which is close to 90 million dollars. Greed wears an ugly face, if Mark truly cared about HP he would give 20 million back to the company, the EC 5million back and he take the 20% cut, he still walk away with 22 million dollars plus his past millions. The more he cut our benefits, salary and jobs he is securing a bigger bonus for his self at the end of the year. He does not care about HP as a company, he care about the yearly millions that he will be getting.
It is shameless, shame on you Mark Hurd, the EC and the Board of directors. Join the bankers because this is slavery at its best. You took our raises, took our 401K, took the 15% for stock purchase, increased our medical and excercised 15 million in stock options last year. What have you sacrificed Mark Hurd? As you live your life of comfort and destroying hard working employees by forcing them to become homeless and financially destroyed, you can go to your volt and count the millions that you have made because of our contributions, because you surely did not do the work.
Lights out HP I believed you said in one of your speaches, eventually you will shut HP down and walk away with enough money to feed a nation. Shame on YOU!
I am soooo glad I left when I did. Between Hurd and that “other woman” they have destroyed a great and unique company that I was once proud to say I worked for. Sorry Dave & Bill we let them tear it down and create a band of self serving, self centered vultures, a culture of greed and self interest. What a tragic shame… Still get on with it, you’ve share holders to serve now….
A couple of points:
1)
Leaving the company voluntarily is exactly what they want us to do … So don’t. At least let them fire you so you have a chance to get some severance pay.
2)
Stop complaining and use your own power to change this mentality of greed and super bonuses.
In some European countries each employee needs to give his or her consent before their salary can be cut down. I had my answer formulated in a bout 3 tenths of a second and it contains the F word.
That’s the result of something a lot of people hate: socialism. How I remember S. Palin’s speeches where she says any type of government interference and tax raising reeks of socialism … So what? If it gives me free healthcare, limited protection from sudden involuntary unemployment etc while still allowing a free market without government owned companies … I ‘ll gladly give 5% of my salary. At least I would be getting something back!!
The idea that socialism and communism are the same is soooooooo outdated.
Do you want more power to the people and less to the big companies and CEOs? Vote left, not right. Vote socialist, not liberal. Vote democrat, not republican (and keep on doing so because this doesn’t change in 4 years)
A healthy mix of the two is what is needed. But if you don’t change this at the source, CEOs and companies will keep on playing around squashing worker bees like you and me and be smiling while they put the profit in their own pockets.
This is not a HP problem … This is OUR problem, of anyone giving these politicians and CEOs the power to take what they want.
Put your vote where your mouth is.
Indeed, put your vote elsewhere. Stand up for your rights. No paycuts. I just realized something. The Nobel Prize nowadays has a value of 10,000,000 Swedish Crowns, or 1,118,000 US$. Mister CEO Mark Hurd cashed salary and bonuses for a total of 42,500,000 US$ last year. Did he find a cure for cancer? Has he done anything useful for humanity? These kind of men are nothing more than greedy pigs. They have no morality. They will survive this crisis without problems. What’s a million more of less to them? Pigs. Greedy pigs.
I think I’m ready to barf now…what a waste of time. They’re having the mouthpiece talk about SBC…what a joke…and Marcela is there too….WOW…Clap, clap, clap…Who are those people in the background ? Hired actors laughing on cue ? They’re running this company like an airline in chapter 11. Is Liverwurst serious ??? VOW…? HP is the place where talent wants to work ??? Clap. clap. clap. HP is the place where talent gets the hell out after the economy improves !!! Are these people authistic ? Oh yeah, and Mark’s a really funny guy. Double-digit growth ??? Anyone told the guy we are in a recession ? We’re taking the pain…Markie-boy is taking the gain. Damn cheerleaders…I’m not bitter…;-)
# 79
20% of his salary is sweet FA thats the point.
Are you a plant from the marketing department. Yeah my moral is through the roof now. Thanks.
I am a long term EDS employee (23 years) I have seen several times during my career when raises were “frozen”, percentages smaller, or had to wait longer…..
This is the first time I have been asked to take a pay cut….. (which bascically wipes out 2+ years of raises).
Our raises hadn’t been that great for the last few years, but I didn’t hear complaints. We all knew the economy was down and were happy to be working.
While I am willing to take a cut to ensure fellow workers are not let go, I feel there is no commitment to retaining talent. If the workers are let go, whoever is remaining will be burdened with that much more.
We (EDSers) were hoodwinked into thinking the merger/aquisition of EDS by HP was a great thing for us, but since September here is the skinny:
24,000 jobs to be cut (mostly EDS)
If you happened to be in the wrong place at the wrong time, you were gone - regardless of ability.
We used to have time within the company to find a new postion, that is still available, however, they take your computer, phone, etc away so you have no contact with previous workers. Kinda challenging to find a new postion?
Often those jobs are replaced with best shore resources - which are less expensive but do not provide the same level of expertise
Lost our EDS Pension - to be replaced by HP 401k matching
HP 401K Matching was reduced
EDS was not eligible for the HP bonus items last year
Very few bonuses handed out (that I am aware of)
I know my bonus was <1% (not complaining was glad to receive something)
While I beleive in taking one for the team, when will the team take care of us?
Since when has making 1.9 Billion dollars nett profit in a little over 12 weeks been a legitimate excuse to cut the salaries of hundreds of thousands of people world wide? I would suggest never in a million years, Mark Hurd has revealed his true colors with this one.
First we need to put Mark Hurd’s 20% salary cut into perspective, remember he is only taking a cut to his base salary ($1,450,000) which amounts to a $290,000 drop. Seems quite reasonable until you examine the following, publicly available, information.
* Mark Hurd’s total compensation in 2008 was $42,514,524
* His compensation in fiscal year 2007 was $25,253,461 - so, by my calculations a 68% increase in the total package from 2007 to 2008.
* He also exercised $10 million worth of stock options and had $15.7 million worth of HP stock vest during the 2008 period
* His compensation package includes approximately $738,000 worth of additional compensation;
* Personal and home security - $256,000
* Personal use of HP’s corporate jet - $135,734 (you have to love that don’t you?)
* $71,000 in mortgage subsidy he is guaranteed for relocation expenses under his employment agreement.
So, the question is; what’s the significance of his stated 20% cut in base salary? I would suggest next to nothing.
6 people at the top of the HP pyramid accounted for $142,774,325 in compensation in 2008 alone. That is an obscene amount of money.
Enough is enough! See the full article at my blog…
Well I tell you all what I intend to do.
I honestly gave 110% to EDS with working early, late, weekends etc.
When a Virus hit us last year we put in the hours over the weekend to kill it and remain secure. And the thanks I got? Not a lot!
So with a reduction of my pay to 95% I will be giving 95% ONLY and not a shred more. Come 5:30 I’m out the door!! So come on next nasty virus and hit us and our customers ‘cos it will still be there for a while till the manglement run around like headless chickens and I’ve clocked off for the weekend.
Loyalty, Dedication, Motivation, Espirit De Corps (old marine saying) are just about to go out of the window Mr Hurd - what say you come on down and fix a few customer problems when they start screaming about a reduction in quality of service.
Remember “We deliver on ours so you can deliver on yours” means when we can’t then the customer can’t and he’ll start raising mary hell and when the law suits start rolling in will Mark take a powder or will he face the csutomers wrath?
Pissed off in UK
From the suplimental proxy material we see that there are a whole lot of blood sucking exec’s involved in this mess.
Mark V. Hurd . . . . . . $42,438,827
Catherine A. Lesjak . . . $5,551,797
Randall D. Mott . . . . . $28,290,329
Vyomesh I. Joshi . . . . . $21,794,955
R. Todd Bradley . . . . . $21,051,857
Ann M. Livermore . . . . $20,541,381
This should be a crime.
Well I was a EDS empoyee acquired by HP, under EDS I enjoyed regular salary increases to go along with my increased skill levels, etc…I am still under the market however, but that was fine as EDS was working on getting me up there and I was loyal to them….so along comes HP, now no pay rises, no bonuses (no matter what they say), going to be packed in like sardines in the building I am in…I loath being treated like a dog. I, being the loyal eompyee that I am, have committed to stay at HP until a big project is implemented (and I have it on my CV) but after that…its see you later, I want to work for a company that values my contribution.
All this talk about pay freezes and pay cuts are blammed on the recession but in my area we are still performing fine so why penalise us ???
So here we are after just a few months in HP. Not even fully integrated yet. Talk about losing a chance to allow “new” HP employees the opportunity to respect their new employer.
EDS was not known in Oz for handing out too many salary rises and any bonuses were a pittance that hardly paid for a month’s groceries, after tax. Despite all the rhetoric that hard work would be recognised, all we ever got for doing a good job was much the same as peeing in your pants in a dark suit - a warm feeling below which nobody notices!
I have been working now for well over 30 years (11 in EDS) and I have never been so insulted as to be asked for to accept a salary cut when giving a solid performance. Given EDS choose not to increase salaries since 1/1/07; a 5% cut will return me back to 2003 pay rates. My answer is clear!
I am sure those that say no will be targeted for “special treatment” so look out! Such is the lack of loyalty from the HP executive and absolutely no trust or respect from its staff. Yet even today they are still sending out e-mails thanking us for all our hard work ensuring they can grab their fat bonuses. You might as well let all the people go Mark, as they will walk as soon as they have an opportunity!
Like comment no 123, I too will now down tools at 5pm. No more reducing my hourly pay any further or being on call 24 X 7. Anyway, I’ll probably have to go on time to a second job to make ends meet. I am sure that manager will appreciate the effort I put in.
Whoopee, rumour is that Mr Turd got a 31% pay rise last year. he gave up 20% of that:- 11% pay rise.
I have worked for EDS for 10 years. In that time I got 18% pay rise. The cost of inflation in Aust is 34% since that time (According to factual figures from the reserve Bank of Aust). So I am 16% behind.
Let me give up 5% of this to make me 21% behind inflation (based on 2008 figures).
Let me use the company Jet fly to Aspen spend US20 million to take all my work mates?
The US1.9 billion profit was under expectations. The company can afford it. let the rich people that brought the shares share in the loss. They took the chance. If they sell now, in five years time they will be BITCHING about the fact they took a $2.00 loss and missed out on the riches.
In Aust we have not been paid bonuses, no pay rises. The Aussie part of HP have paid their price. The “FREE” company shares that they gave us, took back, gave us again and then never reached maturity are not like the shares that Mark Turd (”by the way TURD is slang for SHIT in Aussie”) got returned to him this year.
In 2001? (think) HP took over Compaq they did they same thing and took back from the employees!.
Fck him. If you own shares kick him off. Take someone on that recognises the workers. In a few years they will want workers and pay for them.
Who cares that we are in finacial crises. HP did not sell enough PC’s, Laptops and Printer Cartridges. We still made $1.9 billion dollars (US).
Ford (US) and GM (US) are sacking people and closing down plants and have asked the US Government for some $68 billion dollars of AID.
It is because the US does not regulate their banks we are in this trouble now.
Aust has interest rates of 6% now down from 9%. In other countries Interest rates are 1%. I bet you that MR TURD has invested his US $42 million somewhere (interest rates are shit).
I understand we have to look after the rich. I think there was this guy in England called Robin Hood, he is now famous.
Maybe MR TURD can become the NEW ROBIN HOOD OF THE WORLD.
Long live the KING, sorry, forgot Elvis has left the building and his EX is still making money.
Cheers, EDS, an HP Company. I’m glad I’m part of that………
Sorry to see things are still steadily going downhill for HP. I worked there for almost 8 years and still have a lot of friends there. I have recently moved on to greener pastures now, and am enjoying almost $13,000 increase over my salary at HP, plus am now guaranteed a minimum 9% bonus. Oh, and no forced vacation here either, we are given free days off during the holidays.
The HP boat is sinking fast, and the first ones to jump ship will be the first ones to find a new home.
Good luck HP employees! I am disgusted with your management.
Been with hp for years. Don’t expect things not to change but EVERYONE is right about the greed. It really, truly does not make sense that the employees get hammered financially but the Executives make millions. How is it ‘they’ achieve their goals but in the ‘field’ does not. Quotas, sales goals, etc…….are not met yet at the top they make millions. I think we are WAY out of synch here.
Naturally hp employees talk among themselves and………..there will be a mass exodus when things get better. When the economy turns around we’ll be able to go anywhere and have the same pay & benefits matches because they are becoming extinct @ hp.
Yes, we are all happy to have work but…………when things get better in the economy is when things will get worse for hp with every one runnning for the door.
We sacrifice now but remember, HP executives make no promises. They’ll get rid of us all when they need too. HP puts zero value on it’s people anymore. A very sad state of what this company has become.
# 79 HP Employee
You only forgot to say on your comments that if the economy improves, Mr HURD will not re-stated the Salaries as before January 2009.
Regards
All employees of HP as well as other companies should write a letter to the President about the greed of our EC and CEO, if enough noise is made even though this is a private sector Wall street will take notice the share holders will take notice, hopefully the SEC will investigate the Board of director’s and the obvious corruption of “you pat my paws and I will pat yours” by serving on each other boards, and cease this corruption in corporate America. This is the only way we will take back America from the corrupt brass at HP and all companies like it here in the US.
The CEO’s are trying to turn the US into a third world country; they are selling out America for greed. The CEO’s are out sourcing all of the core job’s that will keep this nation healthy to third world countries, they feel it will not affect them because they are financially stable, and place this nation into slavery by working for extremely low wages and saying be grateful you have a job while you are losing everything.
Mark Hurd and all like him wear the face of evilness and the ugliness of slavery, with no respect or care for their fellow human being. What Mark and those like him will never be happy until they are destroying others and this nation under the premise that they need to do this to place the company in a better marketing position. When Mark first came to HP he stated that he would not divide his attention/focus of HP by serving on the board as well as serving as CEO at the same time (he lied). He seen the opportunity to rob the company, employees and share holders through the board.
Write the president, and start making enough noise to launch an investigation. Mark slipped by the spy scandal when he was guilty as hell and had women to take the fall because she was expendable, how much did you pay Mark? Now add extortion to your list. What goes around comes around, a thief and a liar can only escape the claws of justice for a short period.
Take a stand all employees and write our President, there is power in the pen, this is extortion of America and the Boards of directors are strongly involved in this company as well as other companies like it. If something is not done soon this will be the death of the very fabric of America’s economic viability, security and strength. These people are killing our nation with the entire out sourcing and corporate corruption. Don’t get angry, there is power in the pen; use your power positively and to where it will count. Let get rid of corrupt CEO’s because there is no place for them here in the United States.
After having worked for over 30 years at HP I’m extremely happy to leave.
I agree with each and every word my colleagues have written about this used to be fantastic company. In the financial world we have all seen what bonuses can do. Mr. Hurd does not yet realize what the effect of his actions will be. In our country in Europe it is considered immoral if executives get paid more than 25 times the salary of the lowest paid employees (including bonuses). Mark Hurd goes over the ration of 150. If he lived in our country he would be behind bars in no time.
There is just another aspect that I’ve missed and that is about the change in strategy. During the past years we in HPS have been rewarded with very meager bonuses whilst employees in PSG and IPG still got a fair amount. Now HPS is the shining star and now we change the rules: HPS needs to suffer as hard as everybody else.
The future direction is very clear: less fixed salary and more bonus (for those at the top).
I wish you all much strength and hope someday you will have a new CEO that knows the meaning of TEE.
To be honest, all American companies should follow Hurd’s proposal BUT only for American employees. Its the US and their way of live that caused the crisis after all!!!
Wow, it’s cold comfort to see that I am not alone in all this.
My message goes out to any senior manager in HP or EDS that may stumble across this web page.
Listen guys, If you pay peanuts you get monkeys. Yea I know we are in a recession and you think you can get away with this because you have incorrectly assumed that we are all afraid of losing our jobs.
I work in the UK and our account is currently making more profit for EDS/HP than any of the other accounts.
I will be voting against the pay cut because
a) I can’t afford another cut. My wage has been static for over 3 years and in real terms has fallen several % already.
b) European law prevents mandatory paycuts.
c) It is ethically and morally wrong, given that it is our profit that gave the HP / EDS senior management leverage to take those sleazy bonus payouts.
And.. as for the idiot who posted under the name “Capitalist Pig” I have three simple words Go F*** yourself !
I feel sorry for the legacy that has been ruined by greed. I knew Bill and Dave personally and worked for them during the ups and downs of economy fluctuations, but they had faith and confidence in their people and in their company. They wanted to be sucessful and make money also but recognized it was up to the employee to make it so. If you have employees that are happy and satisfied with their jobs the motivation and dedication will follow, and profit will be automatic. What part of the planet did the new company leaders come from? It surely isn’t the same as Bill and Dave. We have become mere employee numbers, unlike old times with Bill and Dave at the helm when you were considered an asset and treated like an old personal friend. Every time I saw them I got a smile and a handshake. It took me many years to get close to my market value again, held back since they stepped aside, and now my benefits and pay cuts have taken me backwards again. I have the understanding I will have to “earn back” my pay cut amount with performance. Gee, I earned it once, and now I have to earn it again. I have stayed with the company because I liked my job, but now it’s just a job. I don’t do any more than meet the minimum expectations because the new regime has ruined my motivation and dedication. Of course I will be graded on my performance, but what does it really matter? If I do the minimums they can fire me and hire a less experienced replacement for less money, or work harder for no benefit. Hmmm that seems like a no brainer. Time to tune up the resume I guess. I’m sorry Mr. Hewlett and Mr. Packard, I have tried to preserve your legacy with dedication and motivation, but I can’t do it anymore. The evil force in the current HP called greed has broken my spirit. Unfortunately HP is no longer the company you put your heart and soul into. I can deal with less compensation for the sake of my fellow slaves, but I have a problem with being treated as unworthy as the leaders of the company secure personal fortunes because of my hard work.
As most of the employees in this once great company are shareholders, I suggest we all send a harsh message to the company in the upcoming board of directors elections by selecting “vote for none”. Who knows, maybe we can even get rid of some of those who are morally driving this company into the ground.
we are all being held hostage…these guys are nothing but a bunch of crooks. Even in the good times, the pay rises were minimal (below CPI)…I used to love this company…
extract from a blog:
• Mark Hurd’s total compensation in 2008 was $42,514,524
• His compensation in fiscal year 2007 was $25,253,461 - so, by my calculations a 68% increase in the total package from 2007 to 2008.
• He also exercised $10 million worth of stock options and had $15.7 million worth of HP stock vest during the 2008 period
• His compensation package includes approximately $738,000 worth of additional compensation;
• Personal and home security - $256,000
• Personal use of HP’s corporate jet - $135,734 (you have to love that don’t you?)
• $71,000 in mortgage subsidy he is guaranteed for relocation expenses under his employment agreement.
So, the question is; what’s the significance of his stated 20% cut in base salary? I would suggest next to nothing.
You would have to assume that this situation is not much different for the senior executives who are taking smaller cuts
• Ann M. Livermore, Executive Vice President, Technology Solutions Group. Total compensation of $15,675,274 in 2007, $20,551,493 in 2008, a 31% increase in total compensation. For her a 15% cut in base pay ($820,000) would be $123,000 or 0.59 % of her total package.
• R. Todd Bradley, Executive Vice President, Personal Systems Group. Total Compensation of $7,674,083 in 2007, $21,058,092 in 2008, a 174% increase in total compensation. For him a 15% cut in base pay ($820,000) would be $123,000 or 0.58% of his total package.
• Vyomesh I. Joshi, Executive Vice President, Imaging and Printing Group. Total compensation of $12,032,204 in 2007, $21,804,726 in 2008, an 81% increase in total compensation. For him a 15% cut in base pay ($820,000) would be $123,000 or 0.56% of his total package
• Randall D. Mott, Executive Vice President and Chief Information Officer. Total compensation of $7,390,948 in 2007, $28,293,134 in 2008, a 282% increase in total compensation. For him a 15% cut in base pay ($690,000) would be $103,500 or 0.36% of his total package.
• Catherine A. Lesjak, Executive Vice President and Chief Financial Officer. total compensation of $3,741,201 in 2007, $5,552,356 in 2008, a 48% increase in total compensation. Fo her a 15% cut in base pay ($625,000) would be $93,750 or 1.68% of her total package.
To #46 & #47 Capitalist Pig:
A free market does not entitle Mr. Hurd, his executive team, and the Board of Directors to abuse their power and screw HP employees in order to fatten their already fat bank accounts. The extent to which Mr. Hurd and his executives “scarified” their (base) pay speaks volume.
This is a free country, are your parents entitled to abuse you? So it is best to save your free market ideological crap here. If you really want to get philosophical….I could have been your mother and should have aborted your dumb ass !
I agree with One Idea and the others that have said to vote against Mark in the upcomming shareholders annual voting for the directory board. At least we will be sendin a message.
We still have a lot of dead wood that can be retrenched and/or sent back to the UK. Pity our country manager and top management team don’t have the balls tho to say something. We haven’t had increases in who can remember how long, yet our cost of living keeps increasing. So now, we have a department of 10 looking after a few hundred servers, running with projects, and being strectched to the limit. And then we’re asked “why” when we resign. Mark Hurd and his management team can get stuffed!
It is because of the greed of the American CEO’s that our world is in direstraits!!! Mark Hurd think back to the French Revolultion and what happened when the peasants rose up and took control……
when you die you can not take the money with you, so give it back and start doing some real work.
by the way in my country our laws do not allow you to just steal 5% of my hard earned money, so guess what! I will be giving you the finger, come voting day.
Get ready for another 10% reduction EDS employees…..
I don’t believe the latest news, if you make $40K or more your salary will be cut an additional 10% on top of the 5%. Does he not understand people have families to feed and bills to pay. Can I get a bonus? Can I get a raise? How much is Mr. Hurd salary cut?
What is next? Your job will be outsource overseas somewhere.
Did everyone in U.S. EDS get an additional 10% cut for April?
yes - Every EDS employee in the US and P.R. who make more than 40K will get an additional 10% cut for April. Maybe longer…..
Mark Hurd does not get a pay cut since this is only EDS staff in USA and PR. I will be fixing my resume this weekend and moving on. Hoping to put my two weeks notice in. Even if the new job pays a little less I no longer want to supprt this company.
Good thing someone is paying a quarter-million for security for this shithead, from what I’m hearing.
That’s pretty balsy screwing the income-generator. Wonder if HP worked out a deal with our banks, supermarkets, landlords, laundromats, doctors, etc., so that we can survive with year-2000 salaries with year-2009 inflationary costs.
Interesting the person who was talking about when companies actually cared about their employees. It is true, that loyalty works both ways. I look to the founder of Hershey’s for the kind of corporate leader I’d like to be. As an EDS-er, I’m really feeling the sting - I took a 20% pay-CUT to come to EDS, have never gotten a bonus, and my raises were cost-of-living increases.
My wish for 2009? That I get my hands on the turd.
As I think about it a little now, while turd isn’t even worthy of the name - it might well be that he’s trying to ‘lead by example’ so that other companies can screw their employees so that they’ll have more money to buy hp crap. I miss Compaq - I loved their stuff, not that HP’s servers (which in my last 12 years of experience look like re-branded Compaq gear) aren’t good, but my laptop - and the identical one I bought a buddy - from hp are pieces of shit … there’s an endemic motherboard issue with these was-$3K-4 years ago pieces of garbage, no wonder people buy dell and ibm laptops.
We were joking in EDS - if hp can’t move their stuff, they might as well give free pc’s and laptops to their employees. Hell, I could even use a loaded multi-core server.
too bad HP/EDS did not have the balls to send out this lovely email about your 10/% reduction in pay until after 5 PM on Friday the 13th.
Hey Mark Hurd - how about doing something to impress us … like give up all your bonuses and stock options and take a 99.9% decrease in Salary for the remainer of 2009. Then let talk about employees and how we suffered with no pay raises over the last several years and a lot of our benefits, like 401K matching for starters.
And while I am on the subject - No more USA LAYOFFS!
HP was able to afford to pay Mr. Hurd and his executive’s huge bonuses due to the past massive layoffs, benefit cuts, no bonuses for most employees, no pay increases, training budget cuts and lots of creativity to rip off HP employees. Despite the past year’s great revenues and profits that HP achieved due to the hard work by HP employees, these cuts persisted. At the end of the day, the leadership rewards themselves huge bonuses.
For hardworking little employees (stated by HP as the most valuable HP resource) who will take a 2.5% and 5% pay cuts does really hurt so bad now because they earned and work hard for those things that they will loose and keep loosing.
For Mr. Hurd to gracefully volunteer to take a pay cut of 20% is sending a signal that he really did not work hard for it and did not earned and deserved it. So, loosing 20% is no sweat for him.
Mr. Hurd and his executives should also volunteer to return all those huge bonuses… otherwise…..The slaves will bow their heads to the Kings of Babylon and follow their leadership marching to destruction….
In times of hardships, the slaves, sacrifice their lives, loose everything and get left behind. In times of prosperity the slaves sacrifice their lives, loose everything and get left behind. Due to the selfish and deceptive leadership, the slaves does not know where is up or down, what is left from right, where is in or out, where is front or back.
LEADERSHIP MUST CHANGE NOW!!!!! !!!!! !!!.
THE HP BRAND DOES NOT REPRESENT THIS LEADERSHIP NOR DOES THIS LEADERSHIP REPRESENT THE HP BRAND!!!!! !!!!! !!!
ARE WE HP or ARE WE BABYLON????? ????? ???
Sincerely.
ARMAGE
Oh dear… Oh dear…
When one thought “that’s it!” I guess we only had the beginning.
Indeed: mr Turd got the papers once again.
http://blogs.zdnet.com/BTL/?p=14571
24.600 lay offs were not all been completely executed - sorry my French - yet, when a 5% salary hand in was requested. Not negotiable in the US (unfortunately), however with the necessary reactions from across the globe.
And guess: is it the “negative attitude” of people with a common sense, or is it the unlimited greed of mister Turd and his gang to immediately announce another round of salary decreases with 10% for the month of April, for all US en Puerto Rico EDS-colleagues.
The last ones, surely being “besthore” colleagues, with a salary that is not as bright as one might wish.
What does Turd want to achieve with this?
Set up EDS employees versus HP employees?
Set up US / Puerto Rico colleagues versus colleagues around the world?
My assumption was always that all employees in a global company work together to achieve the profit of a company. For their own benefit - although this sounds as a good joke in the course of the last 10 years - and for the continuation of the company. That last part, should now be read as: the benefit of the shareholders.
Probably I am not good in strategy, but above one translates to me in Turd words as: the fuck with HP & EDS, as long as I get my bonuses!
Did the board ever consider to go for one year of base salary rewards only? For my part even without handing in 20% on that.
With all the extra’s that Mark Turd and Ann Give-me-More and Joe Erazor and the gang would revert to the company, more effect would be reached than taking part away of the salaries of the common people.
OK…
I am too simple of a base employee.
I don’t understand what economy is all about.
I don’t understand the need of shareholders to keep their families alive with the dividends paid on their share.
Yet, even being stupid, I just want to let my HP-colleagues and my EDS US / Puerto Rico colleagues know, that I think that this management treatment is not fair at all.
Probably we all need to start adjusting our mail signature in “HP, an IBM company”, as HP will not exist for a long time anymore, when holding this course.
No need to say I am extremely disappointed & even disgusted, I guess.
We are screwed again….this is criminal….the worker bees getting a pay cut means bills don’t get paid. Mark Turd takes a 20% token paycut from his salary not his bonus and that means nothing to him. He feels no pain…
I agree completely! However, don’t forget the Wall street ANALysts that Mark had to make happy! That’s where Mark likes to place the blame. What a cop out!
The Analysts are Happy with this solution and our top 6 executives at HP are happy. What’s not to like? This is Mark’s Monarchy. Live it, Love it or Leave it. You have not yet begun to experience the pain they can dole out! You can see it in their faces and the people they have brought into HP. I would love to hear from some NCR folks…
We can fight it, but nobody does that any more. We would rather sit here and bitch about it. If I had my chance I would kick ‘em all in the crotch. That’s what they’ve done to me and my family. I won’t get into the US government. The founders of this great country have not only rolled over in their graves. They have left them altogether!
Now, I have something to through my shoes at
And another thing, since he is on the board of News Corp whick owns The Wall Street Journal, FOX and so on. You won’t see a lot of negative press about this.
VOTE DOWN MARK TURD
If I get 5% salary cut, then I work 5% less, if 10% cut, then 10% less work. I work for what I am paid. Fair deal!
I am so sorry for all employees who have no choice. In France, it is illegal to cut salary without employee’s agreement. I would rather to be lay off then get the salary cut. HP is such a rubbish company.
I left EDS on my own terms. The smell of Turd was too much to handle. Now by reading this, the stench is even worst. I feel for my friends still working there. This @holes should be parade down the street being pulled from a car. Keep hurting the actual worker. That is the only thing you are good at.
You know what’s so funny?
Every week we get a mail subjected “HP ethics”
Of course these must be viruses…
:-/
Com’on… HP & Ethics?????
In these ethics training:
* managers are women.
* good guys are afro / chinese.
* bad guys are “caucasians” (white) with a name like Dimitry.
Ethics? My @ss.
* What about treating your employees respectfully?
* What about paying for performance?
* What about setting aside greed?
* What about stockholders handing in 20% of their profit?
* What about NOT opposing EDS & HP employees?
* What about NOT opposing US/Puerto Rico employees to the rest of the global colleagues?
Don’t understand it, mister Turd.
As an employee I should respect you. Yet, as you are to show me example of my attitude in the company, I don’t respect you.
Following your example.
HP Shared Values:
Trust: We gain trust by treating others with integrity, respect, and fairness.
Respect: We treat all people—inside and outside the company—with fairness, dignity, and respect.
Integrity: We are open, honest, and ethical in all of our dealings.
Mark Hurd, I thought these values are non-negotiable and everyone in HP needs to exibit these values including yourself??
HP will not be getting a million dollar cheque from our client this quarter because we didn’t meet a project deadline. A mysterious illness has caused our entire group to be sick for days. 19 sick days remaining…
Well, in the states when teachers have problems like this, the blackboard cold occurs. The police get the blue flu. I heard that this Friday the IT virus is going around the world. It is very serious because it last a good two or three days. What have you all heard?
Way to go former EDS Chief Executive Ronald Rittenmeyer…I bet you stuffed your pockets full before handing all the EDS talent to this monster Hurd. Oh, don’t I remember you saying Mr. Rittenmeyer that the EDS+HP was a great thing for EDS? How is that yacht, and third or fourth home of yours, you coward!!
I think we former edsers (now an hp company) all hate Ron Rottenmeyer for shipping us down the river, and now we have a new captain, Mark Turd who is just as greedy or worse than Ron Rottenmer. I believe in the end they will get theirs on judgement day.
I will stay with this company of yours as long as I’m able. I have convinced three of your clients to cancel your services upon end of SLA. I am still working on the fourth. Clients may not be board members, but some still posses ethics. These three clients may only total about 75 million per year, but it is my contribution to your brilliant leadership. The federal clients are also quite fascinated by your methods also, as my peers have informed me. My only wish is that you whining people on this site stop your complaining long enough to remove the customer base which has been made the ultimate victim of this man’s greed. We must return him to his rightful place with all speed. he is the one out of control. We as the “resources” are the ones in control. A leader who has nothing left to lead is no longer a leader.
No need to wish he will let his bonus be clawed back. Let us wish upon him something no amount of money can buy. Let him get cancer. Then he knows what it means by bad karma and retribution.
Well folks, I have worked very hard to be the CEO of HP and in my opinion
all my second and third in command kiss asses agreed to put my greedy reccomendations into actions. They should be commended for my big fat bonuses and they have not done too bad either for making the moral boosting speeces on my behalf to rally round during our this hard times and instruct HP staff to take the pay cuts. Trust me folks we will all come out this bad time soon and rest assured I will long gone, but I wont forget to send you a postcard. MH
Wall Street love a ruthless mthr fckr.
Pay employees less
Have less employees
Collect excessive pay for cutting costs, even those that reduce customer service to a a pathetic level
what can you do? dont buy an HP printer. or ink.
dont waste time complaining.
make sure you stock up on ammunition
I even got threated by HR that if I do not consent to the 5% cut, that they will talk to my manager and that it is possible to be WFR’ed.
It’s typically not up to an employee to consent to or negotiate pay cuts.
Threatening to lay you off for not agreeing seems inappropriate for the reason you mentioned but nowadays, management can use any criteria on selections on downsizing.
Lets see… Make 1.8 billion dollars profit in 12 weeks… Tell employees times are bad… we need to take pay cuts to save us from WFR’ing employees… Last week and this week WFR’s are happening all over the company… I work in the services organization and we are laying off people who are bringing in revenue… What a CROCK.
We continue to get bent over… now they are strapping on sand paper….
Over $42million, that’s obscene, and all this for what?
Cost-cutting my ass, how much money can this man spend?
All our jobs are going to low-labour cost countries,what happens when those countries become just as expensive? These hungry bas***ds will run out of places to go with their cost-cutting. Then their NO TALENT ASSES should be
Shot…
Taking advantage the bastard.
I am an hp employee in ireland and like the rest of the workers on this site we are being shafted by that bastard mark hurd. You all receive the mails accompanied by a smiling face from ann screwthemmore that we are all doing a great job, but they really should say bend over and i’ll stick it too you. I have worked for this company for 9 years and have maybe received 3 pay increases in that time and now they want to take some back….well fuck them, they can ask for my permission but they wont get it, more than likely I will be penalised for non compliance but it sickens me to see the money the executive council are receiving in bonuses. I really sympathise with all the eds/hp staff ….we are are just numbers now. Vote these leeches out now !!!!!!!!!!
As an HP employee, do your best to make it through. When onsite, don’t make excuses for poor off-shored support; tell the customer its what they should expect as its the direction the company is heading!
Don’t go over and above; do as little as possible to get done with the engagment and get home.
If anyone from another department needs something and it doesnt help you; skip it..what the point.
IF we do as little as possible to jsut keep our jobs, dont make excuses for anything, and don’t cover for the company; eventually customers will quit buying, and maybe some change will happen.
The problem is that Hurd and his cronies have all the power and workers have none. Why don’t you people unionize?
Wow… Someone’s gotta be signing on some dotted line to give somebody that much money. 40+ million?? You could hire a team of guys for a million to do the work and just pocket the rest.
Does Mark really do the same amount of work as 600 of me?? I think not.
Mark my words - no pun intended - Mark Hurd will be gone within 12 months. He is not a fool. If he does not bail out while the going is good he will be stale goods. There are so many coorporations in need of someone like him to come a “save” the company like he did when Fiorini was ousted. Look at it this way, every HP employee was so happy when Carly was ousted, just like when Bush left office. Everyone was wanting change. Within HP it is so apperant now that Hurd has milked the company and is continuing to do so…..just like Obama will be shown to do so to our county in years to come. Just like everyone in HP wishes we had Carly back, the US citizens will see Bush was not as bad in comparision to what Obama will end up doing to this country.
Is this applicable for Marky boy… I wonder
Washington | Feb 05, 2009
US President Barack Obama has announced a series of measures, including a compensation cap of USD 500,000 to top executives, so that American companies do not pilfer the bail-out money they would receive from the federal government.
The measures were announced by Obama and his Treasury Secretary Timothy Geithner, following reports that top US executives have been getting billions of dollars as bonuses, wasting money in things like renovation of private rooms and buying jets, at a time when the same companies are queuing up before the federal government with a begging bowl.
An outrageous Obama had last week responded to these news reports by saying that this was “height of irresponsibility” and “shameful”. “For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis is not only in bad taste – it’s a bad strategy – and I will not tolerate it as President,” Obama said.
“We’re going to be demanding some restraint in exchange for federal aid so that when firms seek new federal dollars, we won’t find them up to the same old tricks,” he said.
As part of the reforms being announced today, Obama said: “Top executives at firms receiving extraordinary help from US taxpayers will have their compensation capped at USD 500,000 – a fraction of the salaries that have been reported recently.”
People like Ross Perot and Bill & Dave are true leaders. These are the leaders who really cared for their employees. Employess were coming to work with a smile and happy and creating a happy athmospehere for everyone. Work was not burden but a pleasurable one and most of all, they know every minute and every effort they put it into their work was appreciated.
I was surfing through the net and came across this interesting article abt Ross Perot the founder of EDS…
“prior to the 1979 Iranian Revolution, the government of Iran imprisoned two EDS employees in a contract dispute. Perot organized and sponsored a successful rescue. The rescue team was led by retired U.S. Army Special Forces Colonel Arthur D. (’Bull’) Simons. When the team couldn’t find a way to extract their two prisoners, they decided to wait for a mob of pro-Ayatollah revolutionaries to storm the jail and free all 10,000 inmates, many of whom were political prisoners. The two prisoners then connected with the rescue team, and the team spirited them out of Iran via a risky border crossing into Turkey. The exploit was recounted in a book, On Wings of Eagles by Ken Follett, which became a best-seller.”
Would Mark Hurd done the samething if he was in Ross Perot’s shoes ?
To gain respect is to give respect and Mark Hurd i dont think, you are anywhere there…
So the question is, will anyone stand up for their rights, will anyone say anything about this disgrace and the treatment we are receiving so that he can line his pockets. NO, why, for fear of losing their job, knowing if they say anything at all they will no longer have an income to support their family. Why do people like this continue to get away with this, because no one has the balls to stand up to them. No one will say a word only bitch and complain online anonomously, and go to work the next day with a smile on their face as if nothing is happening. All the executives know this and bet on it. This is why they could care less about taking that money and threatning everyone with their jobs and benefits. Stand up to me they say and see what you get. This is how disgusting corporate america has become, they know they can take advantage of people, and until the employees actually stand up for themselves, this is how it will always be. How can he live with himself, making a deal with the devil that’s how, no conscience whatsoever. I am sure he smiles at himself daily in his mirror and laughs at the employees because he knows they are too chicken to do anything about it.
Wake up people, until you stand tall and speak out, this is what you will deal with the rest of your life. How pathetic do we really have to be, seriously, what will happen if all the employees refuse to work. What will happen then, will the executives run the factories, take the orders, and ship the products, or do the repairs, handle the customer calls, model the products. I DON’T THINK SO!!!! If you want something done, DO SOMETHING ABOUT IT!
It’s April now and nothing is changing @ hp. Yes, the economy is tough but no one here wants to work as hard as they used to for this company. We are being forced to work harder due to layoffs, cutbacks and everything else so hp has all the employees exactly where they want them………..by the balls. (sorry ladies.) Hp is not the only company laying off and cutting back but………….the bonuses and benefits for executives are insulting to the workers. How can an executive hit their goals but the workers (sales, etc…) not hit theirs? I thought we were all in this together. We just get slapped, beat, punches and given all the more to do. HP is going to be in for a rude awakening when the economy gets better. Today, it’s nice to have a job. Tomorrow; it will be nice to leave hp and never look back. Oh yea…..and do what I can at my new company to get them not to purchase anything from hp. My suggestion for the employees of hp is to take as much advantage of hp as hp is taking of you.
So Oz and NZ are just about to vote. Now we have just got an e-mail from David Cabanossi (VP APJ) saying:
“To date, the response from the senior management group - who have already been asked to consent to a salary reduction - has been very positive, and we are very encouraged by the support we have been receiving so far. We would urge you to personally support this initiative”.
Having all been threatened with instant dismissal if we collude with our colleagues to achieve an outcome to the vote, isn’t this just that?
David, you can hand in your pass anytime…
like Overworked said - stand up and take a risk. In Europe the workers council has strongly advocated a “no” vote to the salary cuts - so stand up and refuse it. If refusal is rampant, there is no feasible retaliation from the rotten pigboy. Stand up. Grow some. Be a harbinger of a more hopeful future, where the ravenous pigs have their snouts smacked. Good luck to one and all - I will be taking great pleasure at the moderate personal risk I take as I reply “NO”.
Its truly troublesome to see EDS folks losse 10% of their pay for april, but hopefully starting next week the pay would be restored to the pre april level.
A news article on yahoo stated yesterday that HP is hiring 150 people–wonder if they are now planning ot remove our 5% cut or make it up with bonuses?
On another note does anyone know what VPB on the paycheck mean?
and if the education reimbursement of $5000 is still active or thats been cut too??
My manager encouraged me to take a part time college course through HP a few years ago as HP was encouraging the employees to take further education and fully financing the degree as a benefit. With great fanfare I
was told how HP was committed to the development of each one of us and how HP valued their employees reimbursing up to 5000 euros per year for all the length of the course plus books. Two years in the course my manager called me one day in his office and told me that despite the fact that HP had encouraged me to take the 4 year course and despite the fact that me and HR signed the document policy that said that HP would fully cover the cost of the degree (unless I leave) for the all length of the course and no other clauses (read ..breach of contract), he just told me that HP unfortunately could not fulfill the agreement taken anymore because of the cost cut pressure coming from the higher management and it would have been up to myself to continue on and pay for my last two years out of my pocket or drop out, even if they encouraged me to do it, and even if I was already two years in the course, not a new applicant. If I knew it before I would have not taken the course as I had some other financial commitments but on the other hand I would have wasted two years evening and weekends for nothing if I hadn’t continued. So even if I have always been a top performer and even if they encouraged me to do it I had to pay the 10000 euros for the last two years myself. This happened two years ago when Hp reported the highest revenue ever, the economy was still booming and the Hp management was reaping millions it didn’t happen now or 6 months ago, but two years ago, so it just goes to shows how committed and respectful that these “higher up managers” are to employees and customers as well. Now of course if you see the Intranet there are so many pages advertising the HP People Promise, Grow@Hp with beautiful pictures and colors. Of course now everyone knows that it’s all a nice show without substance behind it. My direct manager who indeed helped me as much as possible told me that Hp must have it at least advertised otherwise it wouldn’t look good compared to the other companies. Then whether it is real or not is a different story. Bottom line is that I will finish the 4 year course soon and beef up my CV.
My boss said “They are dreaming if they expect any of the ground troops’ to volunteer for a pay cut”
But as he pointed out he has to try and sell it to us.
Make no mistake about it - this is the new slavery.
He and his inner circle den of thieves are boxing up US jobs to send to India and China to save a buck - also to go in Mark Turd’s pockets.
I can only hope Obama can find a way to break up this new slave trade as it extends to all the CXO’s & Boards of all major companies.
Bernie Madhoff has nothing on these guys - they do it all “legally”.
They are a very special type of scum.
I work for a HP support organization in Italy and nobody here would take the paycut: the employees protection is quite high and in other countries of the EU there is some sort of protection everywhere which can be higher or lower depending on the country. Pay cut must be signed and accepted by the employee. One friend in HP Sweden told me that in Sweden HP cannot even propose the paycut, it’s out of the equation totally.
It is sad anyway to see how our HP colleagues in the U.S. are at the total mercy of these corporate gangsters like Mark Turd and his cronies
The real question is how long will the people put up with it ? WE make the money, Hurd sits on his backside checking the share price, arrogant is the only word;…….Lets start a revolution… think abt it ,they are taking everything, would you take this shit from your neighbour …no , its not just hurd, the rest of the board are getting massive packages too.We need someone with balls in HP - the complete opposite of Robin Hood
I was laid off and am looking for engineering work. See my website.
HP is very top heavy. Almost every worker bee has 2 managers… ish.
Either way.. Is it just me.. or could HP have gotten EDS at half price if they had closed the deal a few months later (during the recession)?
HP Employee wrote:
“It’s April now and nothing is changing @ hp. Yes, the economy is tough but no one here wants to work as hard as they used to for this company.”
That is a big part of the problem, the other part being some very bad management in the recent past. There are a lot of HP employees who are just plain lazy, and dumb as a post to boot. The other 25 percent are the hardest working, most capable, most skilled people to be found anywhere. The 25 percent were doing all their work AND carrying the 75 percent along on their coattails. Now that the 75 percent actually have to do some work, they are unhappy as hell. The workplace is a for-profit company, not a social entitlement.
Whatever happened to the HP Way?
Hurd rhymes with another word and that’s being nice to what this guy really is.
Last year, for the record, Mark Hurd’s $42.5 million take-home equaled somewhere around 2,000 times the pay of H-P’s lowest-paid worker.
How much of that $42.5 million represents the “greed and irresponsibility” that President Obama denounced at his Inaugural? Hard to say. But the San Jose Mercury News last week did calculate how much Hewlett-Packard shelled out in 2008 for Hurd’s “business meals.” The food benefit came to about $181,000.
“Assuming three meals a day, every day of the year,” concluded the Mercury News, “that works out to about $165 per meal.”
This guy; Hurd is the worst. How special does he think he really is? He has NO shame!
What is killing HP is repeated across the board cuts, paired with no structure or incentive for team work of any kind.
The compenstion structure has eliminated all team oriented bonuses - individuals only get credited for how well they please their boss or in sales, if they make their target.
This leads to a completely dysfunctional organisation as individuals only care about making their boss happy as he/she is the one who decides their bonus/comission.
ie: they’ve institutionalize a one for one and one for one mentality… with no one caring about any other group or colleague.
Therefore, theonly way to get something done in HP is a)with an existing process, b) yourself or c) based on a personal realtionship(s). While the company is structured in groups or divisions no one has the bandwidth to work for the good of the “team” given the pressures from their managmeent to do what the manager wants. The pressure from management comes because they are trying to please the layer above FOR THEIR BONUS.
In 25 years in technology, I have never seen such a poorly functionng company, such a dysfunctional corporate culture, and such a rape and pillage mentality of executive management who is only motivated by their multi-million dollar compensation packages.
Every HP shareholder needs to vote the board and Mark Hurd out.
As for EDS, the new colleagues I have met are massively demoralized, and their ability to deliver to cusotmers is being curtailed. The massive cuts which were announced last year to eliminate 26,000 people in 3 years have been move up to all be done THIS year…. while only half way through, these colleagues report that they are already unable to deliver and roll-out customer projects due to lack of enough people & knowledge. On global executive estimated that the poor results will start to show middle of next year in the EDS numbers. In the meantime, they are updating their resumes.
And as for the layoffs - to get some headcount off the books and no longer be responsibe for benefits or pension contributions - EDS has laid off some people , and the proceeded to hire them back from competing companies in order to continue to fulflll contractual requirements at customers. The new cost: 5X+ of what they had been.
Vote the board out to save your company.
IT Industry Vetran
in schock and awe from HP’s dysfunction
http://dilbert.com/strips/comic/1993-10-14/
http://dilbert.com/strips/comic/1993-10-15/
http://dilbert.com/strips/comic/1993-10-16/
I guess he is still just a business man. Let’s see how long this will go.
Funny thing is, some comic predicted this long ago.
What if we all unionize and don’t show up to work for a whole week?
What if….?
I work at HP and it sucks…got my resume updated…waiting for the economy up turn to leave this shit hole (too bad, because I really do enjoy working with the people. Oh well, maybe we can all work at the next company together.)
I agree we should all just walk out en-masse. I was content to hold the line and keep doing my work until I could find another position, but the last straw was the mandetory 8 days of vacation that were announced. That’s 64 hours out of the 120 I get a year. That over half. And I have to take it. Good by plans for a Summer Vacation. I wouldn’t be so pissed if they hadn’t waited until June, over halfway through the HP financial year, to announce this. I’ve already used about 56 hours so far this year and now I have to cancel my Summer plans so I won’t have to borrow against 2010 vacation time for this December shut down.
I actually had my manager put a request through to HR to have them reimburse me for reservations I had made. Low and behold it was denied. The only silver lining was that the people I had made the reservations with refunded my money after hearing what HP had done. A small Mom and Pop vacation resort and they treated me better then my employeer, go figure.
All -
If the HP employees and shareholders want to see what a mess they are really in with the HP senior team and BOD, take some time to review the yahoo finance site to see the number of shares that the executive team is selling - on their own or schedule - this is not acceptable in this current environment or situation.
Ann Livermore - You should be ashamed of yourself. Your division is underperforming, you are underperforming and you are stealing from the company. You can’t even get the Omega commission system to work to get the employees paid their due commissions for sales.
Mark Hurd - See above. The same applies for you. You win the academy award for cost cutting and having the worst IT Executive in HP history. Mr Mott - Could you please come to work and do something?
Employees - The 5% paycut is necessary because Mark Hurd has not done his job in ensuring that the company remains innovative in its development and introduction of products to the market. He chooses instead to purchase companies to fill a need (he usually buys too late - but gets them cheap) and then tries to bring these companies into a giant mess - that he is responsible for creating. His thrill of breaking things because he thinks they are broken is a sign of a weak leader who really has no idea on how to solve a problem. Anyone can cut costs, it takes a talented executive to empower his people to innovate, create and deliver excellence in products to the market.
If you want to see where HP is headed - read the Why the Almighty Fail - HP is showcased in the book. We would hate for this dirty little secret to get out for all to see and make the connection.
The HP employees are pleading for the BOD and Major shareholders to step in before it is too late for this wonderful company. Wonderful companies fail everyday and HP is not immune to this reality. The HP executive team may be trying, but once again, they are relying on a few of the good ole boys to help this company get turned around - look to your employees - they are interfacing with customers everyday. You are not utilzing the most important asset you have to turn this around - your employees and customers.
NEVER EVER BUY ANYTHING FROM HP !!! They used to be a company with integrity and are rip off corporate greed sellouts today. Myself and 15 other people that I am conversing with bought HP plasma TV’s about 2 years ago. EVERY SINGLE ONE HAS FAILED THE SAME WAY with a loud POP and no picture.
JOIN THE CLASS ACTION SUIT IF YOU BOUGHT A HP plasma !
HP service said $660 and no guarantee that the new part will fix it. I paid over $2000 and now I have a boat anchor. My father called this morning, his tv went out, BUT IT WAS 35 years old !!!! I told him to STAY AWAY from HP and not to expect the next one to last as long.
Get ready. Time again for HP to buy another company, raise executive bonuses, cut employee benefits and layoff more employees so the SEC financial numbers look good for investors! Just the facts, Jack!
The attitude used to be, let’s kick Dell’s butt. Let’s execute and deliver on promises and services.
Now it seems to be, “work hard for less money until we can outsource (near-shore) your job.”
Sad really, because it used to be a great place to work.
Took 5% hit in May…. just found out another 10% May 2010 due to an incorrect job code alignment from EDS -> HP. Compensation/Benefits/Pension been going downhill for ~ 3 yrs now… this was the last straw for this guy… resume is polished… economy showing some promising signs…
EDS software services employee here… More corporate socialism…
Took a permanent 5% pay cut a few months back in order to reduce costs to make “numbers” come in line. I could live with it because it was at least fair and economy sucked.
Took a temporary 10% pay cut for one month, to help make the numbers again. Ok because it was temporary and across the board.
Was told I have to use my vacation time the last 2 weeks of the year for a mandatory company shutdown (I usually take it off so no big deal, just do not like being told I have to).
Was told we have to use off-shore resources on our project (and they flew them to the US)
Just found out today I get a permanent 16% paycut because my EDS job code does not match up with HP job codes as part of the integration. I get a 2 page email describing how I am to be better off for it (ie company is more profitable, can gain marketshare, etc)… My job didn’t change, my client didn’t change. Nothing changed, except my salary… Guess they can take mine to give to those that do not work as hard and save their jobs.
So I worked extra hard to be a top performer and command higher salary, but now get it cut so Mark can get his big bonus. It is effective Sept 1st, so I look at it as paid severance while I find my next job. EDS was great. HP??? Worst thing that happened to us.
I have to wonder how this jackass can sleep at night. He can lay off 2400 EDS employees who work extremely hard to keep their jobs so they can support their families.
My husband was laid off in July, and he worked very long hours. Day and night, in fact there were nights he would be up until 3 AM because the employees in India had a problem. Well no wonder they have problems in India, they can’t speak English so why did this Mark idiot choose to move most of the EDS/HP business over there?
I’m so sick of this type of business. Its time for all American’s to stop doing business with companies who choose to out source. My family sure has. HP can kiss my ass, I will not purchase anything they build.
I have not idea what my options are but I do know this any products I need will not be purchased from HP. This guy makes 42 million and lays off my brother in law. He wants to send jobs to India then let the people of India buy their products.
OK EDS Get ready. You had all the pay cuts, HP will be shortly cutting SEVERANCE. In the words of a “high level” exec, “Severance is a nicety, it is not required. In the current economic conditions we cannot afford to give niceties”…
Mark Hurd should resign. He is a bookkeeper with a greedy nature.
He doesn’t care for the company nor for its people. He is successfull in destroying the HP culture in record time where nobody gives a hoot anymore for hp and where hp was once famous for its loyal workforce this has all but disappeared. HP employees seem to even buy IT products for personal use from competitors rather then purchasing something with an HP badge. We are not proud of the company nor our products anymore. Kick out the miserable greedy perverted sob, time for a revolution
Ok everyone! Here is the reporter who did the interview with the EDS employee:
MciLwain, Randy (NBC Universal, KXAS)
randy.mcilwain@nbcuni.com
He wants many, many employees to speak to him! He had his story picked up in Philadephia and San Francisco! The more of you that speak out the better!!!
After 29 years with this company I can agree with ALL the critical comments to Hurd and his inability to “lead” only cut, stop innovation and purchase (with hp money earned before his time) companies that artifically inflate his revenue (read his 08 bonus and stock options awarded after the meltdown with his BS cut was $42M! in one year!). Anybody can “cut” but it takes a real leader to balance that with the people who are really doing the work. I thought Carly was bad, but Hurd makes her look like a kitten. Since he took over the formula is simple, Ethics = Legal = HP Way. When he cut everyones wages earlier this year (after 3 soild year of excellent profits and no worker wage increase) I comitted to never purchase another HP product (remeber I have worked for this company 29 years) as long as I live. I have recommended that my family does the same and my heart goes out to the owners Bill and Dave. This was a great company.
Sorry, I meant to say the layoff is 24,000 people who depend on a job to support their families. His huge bonus of 42 million dollars if a joke, has anyone stopped to think about how many employees could have kept their job if this jackass had stopped and said “I don’t want the bonus, lets use it to keep employees”? Of course not he is just a greedy bastard who has a LOT of explaining to do when his time on earth is over and if he makes it to Heaven. Will he hear “job well done” or will he get a high five from hell? I heard he has a very nice alarm system on his home that was well over a hundred thousand dollars, that is more than my husband made in a year at EDS before HP took over and of course before he was laid off.
I do feel sorry for this jackass and hope one day he will realize how wrong he is. Of course, I also am very upset with Blue Shield since they are moving 80% of their business to India in 2010. I can only say to them, good luck.
Enough is enough, we need to unite and take our country back. The US has always been very strong yet it seems we are now crumbling. I have written our president and asked why our government is allowing US companies to move their business to India since we need to keep them here. Of course I didn’t get an answer so if other maybe do the same and the white house if flooded with questions, he just might do something. Please give it a try.
You folks should go go look at the HP Blog started by Damian Saunders
I am one more EDSer who has been affected by everything HP has done to us which is detailed in earlier messages.
Something HAS to be done about the inequity of CEOs making millions while employees are sacrificed in the process.
I emailed Randy to add my voice to those who have already contacted him. randy.mcilwain@nbcuni.com
You can also send an email to the president at http://politicsol.com/
There is also an EDS job forum where employees can share information and experiences about what they are suffering at the hands of HP.
http://www.indeed.com/forum/cmp/EDS/EDS-News-Gossip/t4534/p21
We need to do everything we can to make what’s going on known to the public and the politicians. We need a serious grass roots effort dedicated to putting a stop to corporate greed. HP and EDS are only one example of this sort of activity on the parts of corporations.
We can and must do something about it. Make your voice heard. Boycott HP products and the products of other companies known to resort to the same tactics.
Please help by adding your voice to the growing list of demoralized and angry employees.
Mr Hurd says tht compnesation is down by 5%. But in reality for sales people in India( I do not know about other parts of the world), targets were increased by 25% in a downmarket to ensure that nobody even gets a salary beyond the bare minimum fixed pay which is 50%. In totality SALES employees in India have seen a decrease of well over 50%+5% in salaries.
During Carly’s tenure atleast we were getting bonus through performance but Hurd has ensured nobody gets beyond 100% on targets n now just 50%. My salary has gone down to less than my first monthly pay I received back in early 2000s.
I think we need to start an online petition to be submitted to all shareholders before Hurd takes everybody in a herd & fire them all.
Clearly Mark Hurd does not value employees!
http://www.damiansaunders.net/2009/05/24/commentary/hp-contributes-another-6000-unemployed-people-to-the-global-recession/comment-page-3/#comment-1598
What about us in costa rica? ISS teams? I haven’t received a raise in 2 years working in here…. I’ve a family, luckily we dont have kids… but I’m earning only $800 /month and it’s even worst here…. almost 12 metrics to match, you need to improve your productivity and obviously we had days in which the queue goes crazy almost 33 calls waiting, after call time less than 5 minutes… how’re you going to remember each metric, and even worst… a guy sends an email which we can’t use aux1, aux2, 7, 6 if the queue is falling… I don’t care handling that… but at least we could have a good salary raise…. last year i received only a readjustment… how much…. only $15… so now I earn 815 dollars… wow… and what’s worst, I help my mom paying the house and by month I need to pay 400 /month….
Hurd… try to live with my salary.. right now I have only $0.40 dollars in my account…. my wife has even lend me 20 bucks this week….
This is fustrating… no real growth, no nothing… I want to study but I don’t know where… I’m broking in to tears at this point….. I don’t have any money at all…
seems like GM, AMD and others are planning to restore pay cuts. how much do you all think that Hurd will follow the trend? if he wishes to save people’s respect of him, this is the right thing to do. otherwise, sayonara to you hp. will look for another job beginning next year.
Perhaps HP should consider changing its name. I worked for HP during the days of Bill and Dave; I don’t see how they would want their name s associated with the company today. The company’s ethics seem to go against all their values and beliefs. Bill and Dave realized that a company was only as strong as its employees. When the company did well everyone celebrated, and when times were hard EVERYONE shared the burden.
Ah, now that the Voice of the Workforce has closed, the annual benefits SLASHING email has arrived. Note they never let the cuts come before the VOW. No unused vacation will be paid out if you leave or get laid off. Nice, in advance of the usual November 1 butchering of the workforce. Changes to health plans (not in our favor). No announcement that we’ll get any of our pay or performance awards returned, etc. I truly hate HP. It was good until Hurd came. I could smack all the fools that screamed until Carly got thrown out. Look what you did. You got the anti-christ hired at the helm.
Lilly:
Can you email me about this directly? I’m the business columnist at the Mercury News: cobrien@mercurynews.com. Thanks for posting here.
Chris O’Brien
Has anyone considered getting a union here at HP. It would be a good way to screw them over the way the screw us.
Well we just went through another round of cuts here in Canada. In my group alone we lost two people (approx 10%).
…..but Mark I thought by giving up 5% of my salary we were going to save jobs??
What a load of BS!!
I’m looking forward to the backlash when Hurd’s 09 proxy filing detailing his compensation is made public. There is so much social unrest in HP due to the gross inequities emparted on us by Hurd and it is destroying this once great company. I have no doubt this will come to bear in the market, but in the short term Hurd and his band of merry men are making out like bandits.
Mark Hurd is an asshole, he just dont have any kind of management skills within his employees, and that will take HP down, another year without salary increases, and cutting benefits to the employees, and the company work force will be really down, its true we need the job, but a what cost, he could somehow benefit the employees, but what he do? nothing, firing people, cutting salaries, and thats not an smart way of making business. But hey he is the CEO, why he would care about our needs, the pillars that keep hp up and running
Just got informed that we no longer will get shift differential, 10% for working Grave Shift. So after the 5% and the 10% an now another 10% paycut, I now make $2100 less than when I started this job 6 yeas ago.
Back in 1983 I was making this kind of pay.
When this merger happened and I have been through a few, I stated to fellow co-workers that HP will run EDS like a bank. 9-5, half days on saturday and closed on sunday. They don’t know what they have so they will destroy it and in a few years realize they gave up all the customers by not providing customer service and all the expertise is gone.
It will take more money to bring it back to what it was, than what they think they are saving now. Just look at Boeing on what they did with all their mergers. They are still trying to recoup what they lost in 2000.
The department I’m in, when I started, had 25 customers. We were operating in the black. EDS started losing customers by proclaiming they would shut down the current system this year and replace it with a new one that was not even close to the working like the current one.
Next year we will lose another major customer, leaving us with only 5.
It is harder to get a customer to come back once you lose them.
Most of them didn’t want to leave because we offered a great product, is user friendly, we provide great customer support 24/7 and it is easy to get a new customer started. Can be done in a less than 24 hours.
Oh well, guess I’ll update my resume and start looking.
Anyone out there, I have 30 years of experience in the Aviation industry.
Mark Hurd is the worst thing to ever happen to HP. How he can live with himself is beyond me. If there is a heaven and hell, I’m guessing he should plan for warm weather.
I am so very sorry to hear all the comments above.. Trust me guys… I am one of the ex-HP employees in India.. Whom most of you might blame for taking away your jobs!!!! But, we like everyone else just look out for a livelihood and a decent pay to take care of our families..
Well, coming to the point.. Indian HP employees are as hard hit as anyone else by what Mr. Hurd has done over the years.. Good that I quit HP and found another job before I heard about his multi million dollar bonus…
Trust me, the 5% pay cut happened in India too and here too when the massive numbers in the workforce make less than $10,000 Per Annum.. Yes, per annum… And this is the salary which he made us to take a cut…
I wouldnt really like to use any profanity against Mr. Hurd.. I did have a lot of respect when he turned the company to profit after Fiorina left, though I didnt agree on the WFR’s he did.. I lost of one my best friends in that WFR drive.. And yes, he was my peer working out of US….
We are the same as anyone among you guys.. Just a different country.. But same emotions, same aspirations, families just like yours.. And trust me we learnt a lot from you and capable both technically and on the softer skills too.. Like all of you, we are exploited to the core too
And in the recent years, HP a company which I loved has turned into one of the most shitty orgs anyone can imagine.. But whatever, I dont have to crib or worry about it… As I have quit the org.. And am working elsewhere..
Hp sucks, here in ireland we work ourselves to the bone, and are working harder for less money, and this 2.5% cut on top of it,
thank god we had the consent process here, damn right i said no way to a cut, why should i pay for the shareholders to have a merry xmas this yer while i struggle to make ends meet, they throw any repercusions at me for saying no to a cut i have them by the balls under EU legislation and if need be i will pursue HP with action if this happens
My recommendation to HP employees, Get Out ….. The economy is starting to turn around, and jobs are starting to pop up. I know most HP employees are loyal to a fault. I was that way for years. But those days are over, they have been for quite sometome… Much to the demise of Bill and Dave. HP is not loyal to you, so why should you be loyal to them.
Working the last several years at HP, I felt the culture was ‘Employment by fear. If you don’t want your job, there are lots of people that would love to have it.’ We kept our heads down and tried to stay focused.
I spent my last 3-4 years at HP trying to duck WFRs by taking on strategic positions on strategic projects. All it got me was lots of responsiblity, ridiculous hours, and doing a good job so that upper management would get a bonus…. and I still was disposable. I wonder how Mark H. and the other execs would respond if they were treated as disposables. Mark, get the stock price up, and then we are done with you.
I finally got WFRed per my request. Since I have left HP, I found life again. There are lots of small companies out there that are delighted with the contribution you make to them. my salary was maxed out at HP for the last 5 years, but have received 6% to 9% raises since I left 3 years ago. I was told by my boss how well HP paid me, and there was no way I would find a job that paid this well …… NOT
In my opinion, HP has gotten too big and all decisions are made with respect to making the large shareholders rich - not the ones like HP employees that may have at most a couple thousands shares of stock. From their perspective Hurd is doing a good job. They do not care about employees, and I don’t think HP is evaluated on HP retention and satisfaction. All big companies are run this way, and for a long time HP was the exception ….per theHP way, not how it has be rationlized today.
You need to do what is good for you. When I left, I felt HP was not a positive, healthy environment. Since I left, I am convinced that this was the hardest and best decision I ever made. Jobs are starting to pop up …. get out.
Well, Things aren’t looking good this year either. I dont have a ray of hope that we will even see the 2.5 cut salary being given back.
You Ask the HR, managers, nobody knows, nobody talks. and I am sure, This year too, its gonna hit me like a thunderbolt. -U aint getting nothing!
With the close to 10% inflation that we have in our country and the so called great efforts put in by HP to save costs (even at the expense of disposable cups and toilet paper, and coffee vending machines and turning the Airconditioner off unexpectedly!!- will it get any cheaper than this?) we are already earning 20% less than what we used to earn 2 years back.
The once great organization has become penny wise and pound foolish. There are no long term plans. No vision. By the time the temporary results/flash in the pan that Mr Hurd has created at the expense of the people ends, he will retire for sure with a fat bank balance.- I bet my a** on it.
There is no progress, there are no trainings, there are no resources, nothing.My hunch is that this wont take HP too far. After all without the great people who made HP what it is (who are leaving by hoards now) who will do the menial work? will Mr Hurd write code and build computers?
4 years of working my butt off has given me nothing. I leave empty handed, and knowing that HP is not the great place it used to be. Its rotten now. but the problem is,even though I hate it for what it is now, I still love it for what it used to be.
The moment the former starts weighing more in my brain, I will be off.
so far HP!!
Mark Hurd as the name says, is here to layoff hurds of people and drive them to poverty. He’s more like the kind of Hitler who has his own set of wolves (core upper management IPG, TSG etc) who leech employees to the core. This one guy is just reaping the benefits of a Great Company and the core values built by hundreds and thousands of brilliant great individual employees. Hes there to suck all the brand value created over decades and his motive should be more than clear to everyone who still works for HP. C’mmon people, is there no one with guts to roll him out???? I should say SHAME on all those who have commented here and all who just quit selfishly.
Glad to see where the savings from cutting my salary to zero went. Nice. How many families have been plunged into foreclosure, no insurance, etc while one person takes the equivalent salary of HUNDREDS of employees. It seems like Bill and Dave would be taking salaries of $1 in these times. What a shame. What a disgrace!!
“We took necessary steps to preserve the muscle of HP and strengthen our competitive position. Those actions worked but we still need to maintain our financial flexibility in the current environment, and so, where legally permissible, we’re keeping base pay flat in this FPR cycle.”
HA! try keeping your muscle when all your employees quit. j@ck@ass…
Mark Hurd is a shame of CEO, he doesn’t care about his employees…..
he should be out of the company and also Ann Livermore…..
Look at the #’s look at his bonus…am sorry cash bonus…..
and my question is simple….. What about us?
Mark, Can you keep a company without employees???
Thank you for your time Mr. Hurd. Now I understand why people hate HP.
Shame on you!!!!! Shame on you!!!
HP Crisis don’t worry come on to Bank Of America
There isn’t justice, 24600 have been dismissed and he tried to decrease our salary, also all the benefits are being lost, in my country the employees are leaving because we don’t see an opportunities to grow at HP, and several company like Bank Of America is taking all the HP’s staff, Mark please try to be more intelligent, because if you don’t have happy employees, then all your experimented staff are going out of HP, I think that a person with 42 million might think a little bit more
I make less than $1.000 dollars a month for working 9hs a day.
The recent news that we got about not rasing employee salaies for another year are just GREAT F… MARK!!! just what I wanted 2 christmass!!
hp doesn’t give any salary increase in 2009, again!!!
after cutting off 5% of our salary of 2008, no, not 2008, it’s 2007!! Mark Hurd is a bastard!
Sure that I’ll just wait for the economy to turn around. I’m really fed up with this company and its useless management.
Bring your own cup? Cant ask for a mouse? Budget constraint to buy a pen? Also, unknown beverage called coffee, filter replacing sparkling and when you have toilet paper (a REAL miracle, indeed) you lack of hand paper….and now no raises???
Thanks, Mark, I’ll make sure that no one I know buy an HP product.
The latest news…
After cutting our salaries of (in average) 5% and announcing freeze in payraises and bonuses Mr. Hurd recently “found” some money to give us bonuses!
And how hight the bonuses will be? - Up to the ammount of the salary cut in the beginning of the year!!!
Isn’t it a fantastic idea?
If I will ever be a CEO I’ll pull the same trick: cut the salaries (the economy is bad), put money in some bank account (make some interest, of course), announce no raises (again, bad economy) and then, a year later find the money you took from your employees (plus interest)!!!
Now I can be a “good” CEO, who will change my mind and give my people the bonuses!
WOW! That you can call management!
And the interest earned? It can be added to CEO’s bonus…
Mr Hurd, I am not one of your employees ,but I know people who are,that are deciated to your company and work very hard. This year I pray for all the ones who can’t afford a good christmas for their families,for the ones who have to decide to pay bills instead of toys,food, or that special gift for a friend or love one. Mr Hurd I know everyone is bashing you but i want i will pray for you FOR GREED IS ONE OF THE 7 SINS, FOR SURE YOU KNOW THAT, WHAT WILL YOU SAY WHEN YOUR GOD COMES TO YOUR DOOR AND ASK WHY!
I have not got a hike for 3 years now. I really wish someone to show Mark Hurd a way out of the company. He has attacked the core values of the company. I am ashamed to work for HP. He must have reduced the IT from 19000 to 8000. The only difference that made was previously if I had an IT issue it would get solved in 5 minutes but now it takes 48 hours. Sometimes u have to personally go and get their attention. First cheap CEO I have ever seen in my career. He has no standard.. Scourge is the word for him.
Can somebody make Mark Read all this?
I have worked for hp for 10 years. I have seen the culture change for the worse. It has been awful. I make less now than what I made when I first started. How is Mark and the other upper management allowed to to improverish the employees while enriching themselves. When I heard what was happening to EDS employees I was ashamed. As an HP employee, I know they must HATE that hp bought them out. EDS was the reason HP made so much money. Why would they screw the EDS employees? I complained, but nobody joined in…. Everyone is afraid. Fuck hp. I can’t afford my mortgage nor car payments nor utilities anymore. Having a job isn’t helping me. If I lose my job, I won’t be that much worse off. Possibly better, if I am able to find a better employer. Fuck Mark Hurd and all upper management. They do not embody the HP way. They really need to change the company name. They don’t embody the spirit of Bill and Dave and they don’t deserve the name recognition that goes with it. HP will fail…. You can’t continue to impoverish your employees and continue to provide quality service. It can’t happen.
Well I only worked for HP since the Compaq merger but when I was laid off this past August I had almost 25 years of service. I do not remember the good old days that a lot of folks talk about here but having come from Digital Equipment Corp originally I can say that I can relate to what the folks are talking about. I was laid off along with 2 others in my groups and due to federal law I was told their age groups. We were all over 40 and I assume had many years in at HP. The current managment at HP is dumping all of the high priced (LOL) expertise and looking to hire kids out of school for half the price and no experience. This will bite them in the butt with customers at some point but by then Hurd will of moved on to his next slaughter and be richer for it. The folks left will not care about the customer just keeping thier jobs and meeting metrics for the bean counters. I was very worried about finding a job when I was laid off due to the economy and a few other thinngs but so far I have been able to find work as an independant consultant making more money then I was at HP and just recently was offered another postion for another global IT company at a 15% raise from my salary before the pay cuts they made. So those of you that do get laid off look around if you have any skills you will find another job and most likley make more money.. Best of luck to all except hurd and the rest of the managment team at HP.
In France, joint effort from the unions and people working in (former) EDS company has made the salary cut inneffective for most people.
French law consider that the salary is a basement of the contractual relation.
It is mandatory to have at least something in common between citizens (resp employees) either built in the law or in the action within the unions instead of each one trying to save his own skin in a way or another in front of the company management that is so powerful. Lesson for the future, at least for me…
i am hurt.. deeply hurt.. consistently a TOP performer over several years, worked my butt off with no overtime, etc.. but what’s the use? i am paid 30-40% less than the industry standard. i have lost faith, my morale is too low. hp sucks big time, let me get outta here soon, it feels horrible being here.
There is one other cut I have not seen mentioned and it only applies to EDS employees but it was substantial. They are no longer puting into the pention plan which in my case it a 5% cut but it could be as high as 10%. I would also like to mention that I looked at mine recently and I could do better in a savings account, it is only making .4%.
You know if you watch movies based on medival times you see the same actions that are happening here. You have the Lords (Hurd) and the Nobles (Hurds cronies) with castles and gold chests and you have the peasants (us) scraping by doing what they command so that we are not begging in the streets. They are nothing but tyrants.
The greed continues at HP- so called performance ranking that are really
forced to fit HR distribution curves so 8%-25% more people are already
identified to be fired…some as soon as 45 days. No promotions, no raises,
no bonuses for at least 50-60% of the employees this year all on top of a
cut in pay in lieu of 20000 people being laid off…. guess what - they got
laid off anyway! And so it goes- management continues to reward them
selves with stocks, bonuses and promotions and the working employees get
…actually less than nothing. Our gross take home pay has decreased every
year for the last three years! When things turn around… why won’t the best
of those remaining at HP just walk away? I pray they do - right into the
arms of the competition. The founders of HP NEVER had this in mind! Shame
on anyone within HP that supports this way of business….it’s pure greed!!!
Capitalist Pig, shame. So you with Mark Hurd and HP, great. be faithful to them but remember, neither you, nor ur mum knows whos responsible for one pair of chromosomes in your body. As long as you got a life, who cares about your surname. Dunno why we always have motherfuck@rs like you, not your fault. Trust me, it took quite a few men for your mum to get you this phat bonus. but who cares if ur mum’s pussy was ripped 9476 times, you still have a life.
We’ll great news guys. HP has raked in yep… you guessed it (pauses for a breath) ONE BILLION DOLLARS OVER EXPECTED PROFIT.
Now the question is… how does this benefit me? DUH bonus’s!!!!! My manager was given a massive bonus pool that he could hand out to his very sucessful team (me & my work mates, we were brilliant). extra Christmas presents? maybe a holiday? Add it to the savings? well maybe I can afford some socks for X-mas… a holiday at… home, i guess i can buy some pizza and DVD’s, there is no point adding it to the savings.. why? because it was 0.8% of my total salary - I get paid $38,000PA(AU).
FUCK YOU MARK HURD.
PS. After tax it works out to be less then $400, that’s one hundred thousand times less then Mark Hurd’s. But to be honest I do fuck all at work so he probably does work one hundred thousand times harder then me, lol.
HP employees need a Union. Never have I seen a company a company so ripe for one.
i am hurt.. deeply hurt.. consistently a TOP performer over several years, worked my ass off with no overtime, etc.. but what’s the point? i am paid 40-50% less than the industry standard, no bloody hikes,no bonus and the bastards give back our money back to us stating supplementary bonus. i have lost faith, my morale is too low. hp sucks big time, let me get outta here soon, it feels horrible being here.
The guys leading the company have no vision, all they are concerned is abt making short term profits. Mark Knife hurd will make enough money over the next few years by keeping the shareholders happy and will go out. The cream of the HP employees due to whom this company has become so big will move out and only losers will be left out. The company is all set for a disaster.
The founders of this company will be greatly ashamed by wht these so called current leaders are doing for the company.
With the economy booming back, I am all set to get out of this company for good
I worked for HP for 4 years. A consistently high performer. Received a promotion ahead of team members that had been there for years….Pay was not going up. Bonus to be honest the first year was good and then crap after that. A normal pay rise would be worth allot more to me over time.
I found myself doing less adn less because i was not motivated. So i left before i got trapped. The best thing i could have done. Its what HP want employees to do, probably not as quick as i did but definitlely long term employees.
Stop hating and just leave. it will not get better…thats something Hurd can clearly guarentee. His pay this year highlights he does not give a shit. all the talk to paycuts and managing company finanaces. About how is pay is tied to the companies performance. Revenue is down 8% so how did he get a bonus???
The only reason a bonus was paid this year was so that executives could get theres. Some employees get a small sum and are expected to be happy while they get millions……millions.
HP will not be a good company to work for in the future. Mark hurd has let 40,000 employees go during his time with HP. He is not growing the company, he is reducing it and buying profitable companies with the money he is not paying to employees that deserve it.
I left and i am happy i left, if you can do the same.
I worked for HP for 4 years. A consistently high performer. Received a promotion ahead of team members that had been there for years….Pay was not going up. Bonus to be honest the first year was good and then crap after that. A normal pay rise would be worth allot more to me over time.
I found myself doing less and less because i was not motivated. So i left before i got trapped. The best thing i could have done. Its what HP want employees to do, probably not as quick as i did but definitlely long term employees.
Stop hating and just leave. it will not get better…thats something Hurd can clearly guarentee. His pay this year highlights he does not give a shit. all the talk to paycuts and managing company finanaces. About how his pay is tied to the companies performance. Revenue is down 8% so how did he get a bonus???
The only reason a bonus was paid this year was so that executives could get theres. Some employees get a small sum and are expected to be happy while they get millions……millions.
HP will not be a good company to work for in the future. Mark hurd has let 40,000 employees go during his time with HP. He is not growing the company, he is reducing it and buying profitable companies with the money he is not paying to employees that deserve it.
I left and i am happy i left, if you can do the same.
Hey all: See new post here with Mark Hurd’s 2009 salary numbers:
http://www.siliconbeat.com/2010/01/15/hp’s-mark-hurd-made-242-million-in-fiscal-2009/
You poor bastards. I could replace HP/Hurd with IBM/Sam and the comments would be the same. How the founders of these companies would be turning in their grave.
I have read all the statements and can nothing but sadly agree with all of them.
If Mark Hurd was half the man he pretends to be, and wants to lead by example, let him take a $1 (one dollar) salary AND bonus for a couple of years, till the company is out of the woods.
With the $42 million of 2008 and $23 million of 2009, he can well afford it.
Mark Hurd , you have no heart, you should know your salary compare with my husband salary is nothing , can you image we have survive for a month with salary usd 1000/month with 2 children , every month minus and still cut the salary how can ? remember when you died you cannot bring all the money to your coffin!
As I know my husband already work the best for hp but get nothing
include there is no time for family .. you should remember the company can be big because of the employee hardwork…
and i guarantee you will be in hell….
Hurd your Pay for Performance policy only works for the HP Exec’s. The greed up top is discpicable. I’m a K rated employee and my salary (with bonus) is going down year over year.
It’s time for the employees to go to the share holder meeting and vote these leeches off the board. Also, time for the US Gov to start taxing the hell out of companies like HP that are shipping jobs offshore just to fund these gross bonus’.
MR mark Hurd shoud not call you MR..when people are strugling in your company and you sit and enjoy with your family…..it does not make any diffrence for you if the salary is cutt for employess….when HP can hire people from outside and pay them a better package who does the same work what we do and they are getting paid very well almost 3.75lac for the same job we do why not us who are strugling for so many years…does the same job and not paid well..no incentives..no proper management can you work like us and get paid the same salary you will come to know the pain in the ass you will quit the company and go…..but our curse will lead you to a very bad stage my curse for your family and what ever your planning to do to get succedded in life every thing should go for a waste
we are waiting for the next HP CEO better resgin and look for a another job YOU….B….M…F….KR$
I remember when I was a youngster and someone would say they worked for HP. WOW! HP USED to be a company of pride, and power and had a heartbeat. Its now a company full of layoffs, employee benefit cutbacks and overall horrible morale. It no longer carries the reputation it did long ago. Im sure this is not what Bill and Dave had envisioned in the garage years ago. Employees are no longer proud to work here and even more depressed at the thought of the CEO sucking it dry. HP will soon learn that when you keep kicking a workforce that is down, you soon will be surrounded by crap, and your competitor will take over your market share with YOUR EX EMPLOYEES!
For a CEO Mark Hurd sure is dumb. Unfortunately he is not the ONLY one to blame for the current condition of HP. Dont get me wrong, he is disgusting, but he has cohorts in this. A board of Directors (who remember went to bed with Fiorina) He has been allowed this huge salary by the board. Although he could refuse (yeah right) the salary and do whats right for the company. But doing whats right for the company died with Bill and Dave. So sad.
Time to wise up and realize even though the stock price is key to HP success, the employees are the reason you are successful in the end.