Comments on: HP’s Mark Hurd made $24.2 million in fiscal 2009 http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/ What's next in tech Wed, 22 May 2013 02:09:17 +0000 hourly 1 http://wordpress.org/?v=3.4.1 By: Please Read http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-2/#comment-14157 Please Read Tue, 10 Aug 2010 08:22:01 +0000 http://www.siliconbeat.com/?p=6175#comment-14157 Please Stop, please listen. “As much as you think you know, none of you actually understand what it’s like to be in his situation. “ And what situation is it exactly which requires a man to make up to 2000 times what his lowest paid workers make? What exactly entitles him to that level of pay and benefits? Do you truly believe that one man, whom I might add can’t even live by the rules we’re all expected to follow inside the company, has earned that much reward? I wholeheartedly believe that you pay your best performers more than someone who performs to a lesser degree, however, I do not believe that merely by right of position does anyone earn rewards to this degree while simultaneously removing employees that are generating income for the company. I suppose an argument could be made to support it, if your definition of performance is how much of the company’s money can you stick in one man’s pocket. By that measure he has far exceeded the abilities and performance of any other single employee. ( Yes I called him an employee, that’s what he was) “Yes, it wasn’t fair what he did to his workers, but companies must make sacrifices.” Companies must indeed make sacrifices when times are rough for the business. I think you’ll find it a tough sell convincing the tens of thousands who lost their gainful employment while the company brought in billions in profit, all the while the CEO was pursuing a private relationship at the companies expense since 2007, and pocketing 10s of millions in rewards. If a company is truly needs to make a sacrifice, many CEO’s will reduce their pay to 1 dollar a year, and focus on repairing the issue, rather than only repeating their one and only strategy.. cut heads. “As mad as you all are, none of you will ever fully understand what fully triggered his decisions.” I’m afraid that at this point, it seems fairly obvious that the one and only motivation in every decision was to increase his personal wealth no matter what the cost to the company or to the employees. Any spin applied to this is just that … spin. “ He doesn’t decide what he gets paid, the government does.” Entirely incorrect. The US Government does not set executive compensation levels. Since HP is incorporated in the US state of Delaware, I have to assume you’re implying that there is a federal or state regulation involved. I can assure you that this is not the case. While there are limits to how much compensation executives may receive to remain in specific tax brackets, or receive certain benefits, or in the case of certain industries ( financial institutions for one), the only limiting factor in Hurd’s employment contract in regards to total rewards is how and when he can redeem options or stock rewards. “ He has made HP better, as much as you don’t want to admit it. “ Please educate us how he has made HP a better company. It’s quite obvious now that the prime product of the reign of terror has been to instill in every employee a hatred for those who sit at the board’s meeting table. “Salaries are being reduced, but eventually they will get better, I hope.” I’d prefer to be paid a competitive wage for the work I do, rather than hope it gets better. I don’t believe that’s an unfair expectation. In fact, if salary reductions were the effective tool that they have been promoted to be, then why wasn’t Hurd’s salary AND options reduced by the cuts? If you want a prime example of how completely unfair the salary cuts were, consider this. With the alignment of job codes between the legacy EDS personnel office and the HP system, it was discovered that there were many employees well above the median and subsequently their salaries were downward adjusted. But what happened to the thousand whose salaries were below the median, not due to underperformance, but due to the restrictive pay and rewards policies. As of this writing, to my knowledge that has never been addressed. “I know I will never personally understand any of your situations, and I am very sorry if I offended anyone.” You didn’t until the next sentence to be honest. I find it offensively dishonest, or perhaps naïve. “ I just don’t think that its fair to bring him down, when none of you comprehend the decisions he had to make, or the consequences that came. Good luck to everyone.” Considering you are completely unaware of any of the other poster’s educational or experience level, or even their past experiences in the business world, I find it difficult to believe this statement. Should you have said this in all sincerity, I’d suggest you study the situation anew. And good luck to you. Please Stop, please listen.
“As much as you think you know, none of you actually understand what it’s like to be in his situation. “
And what situation is it exactly which requires a man to make up to 2000 times what his lowest paid workers make? What exactly entitles him to that level of pay and benefits? Do you truly believe that one man, whom I might add can’t even live by the rules we’re all expected to follow inside the company, has earned that much reward? I wholeheartedly believe that you pay your best performers more than someone who performs to a lesser degree, however, I do not believe that merely by right of position does anyone earn rewards to this degree while simultaneously removing employees that are generating income for the company. I suppose an argument could be made to support it, if your definition of performance is how much of the company’s money can you stick in one man’s pocket. By that measure he has far exceeded the abilities and performance of any other single employee. ( Yes I called him an employee, that’s what he was)

“Yes, it wasn’t fair what he did to his workers, but companies must make sacrifices.”
Companies must indeed make sacrifices when times are rough for the business. I think you’ll find it a tough sell convincing the tens of thousands who lost their gainful employment while the company brought in billions in profit, all the while the CEO was pursuing a private relationship at the companies expense since 2007, and pocketing 10s of millions in rewards. If a company is truly needs to make a sacrifice, many CEO’s will reduce their pay to 1 dollar a year, and focus on repairing the issue, rather than only repeating their one and only strategy.. cut heads.
“As mad as you all are, none of you will ever fully understand what fully triggered his decisions.”
I’m afraid that at this point, it seems fairly obvious that the one and only motivation in every decision was to increase his personal wealth no matter what the cost to the company or to the employees. Any spin applied to this is just that … spin.
“ He doesn’t decide what he gets paid, the government does.”
Entirely incorrect. The US Government does not set executive compensation levels. Since HP is incorporated in the US state of Delaware, I have to assume you’re implying that there is a federal or state regulation involved. I can assure you that this is not the case. While there are limits to how much compensation executives may receive to remain in specific tax brackets, or receive certain benefits, or in the case of certain industries ( financial institutions for one), the only limiting factor in Hurd’s employment contract in regards to total rewards is how and when he can redeem options or stock rewards.
“ He has made HP better, as much as you don’t want to admit it. “
Please educate us how he has made HP a better company. It’s quite obvious now that the prime product of the reign of terror has been to instill in every employee a hatred for those who sit at the board’s meeting table.
“Salaries are being reduced, but eventually they will get better, I hope.”
I’d prefer to be paid a competitive wage for the work I do, rather than hope it gets better. I don’t believe that’s an unfair expectation. In fact, if salary reductions were the effective tool that they have been promoted to be, then why wasn’t Hurd’s salary AND options reduced by the cuts? If you want a prime example of how completely unfair the salary cuts were, consider this. With the alignment of job codes between the legacy EDS personnel office and the HP system, it was discovered that there were many employees well above the median and subsequently their salaries were downward adjusted. But what happened to the thousand whose salaries were below the median, not due to underperformance, but due to the restrictive pay and rewards policies. As of this writing, to my knowledge that has never been addressed.
“I know I will never personally understand any of your situations, and I am very sorry if I offended anyone.”
You didn’t until the next sentence to be honest. I find it offensively dishonest, or perhaps naïve.
“ I just don’t think that its fair to bring him down, when none of you comprehend the decisions he had to make, or the consequences that came. Good luck to everyone.”
Considering you are completely unaware of any of the other poster’s educational or experience level, or even their past experiences in the business world, I find it difficult to believe this statement. Should you have said this in all sincerity, I’d suggest you study the situation anew. And good luck to you.

]]> By: David http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-2/#comment-14150 David Mon, 09 Aug 2010 18:04:01 +0000 http://www.siliconbeat.com/?p=6175#comment-14150 Here is the REAL problem: CEO's, top managements and Board members , top share holders (who are mostly CEO's and top managements of other companies) are in a club where they decide/influence each other salaries/BONUSES. Their excuse for big bonuses is for performance/profits of the company (which is logical!) BUUTTTT if the performance/profits of the company is down..then huh...they either get less bonus or leave + GOLDEN parachute (ten of millions dollars)! Translation: ------------- They have a contract where they always win whether their performance is good or bad!!! Proposed solution: ---------------------- IF CO. doing well they get the bonus, but if the company is doing bad they have to pay penalty accordingly!. Example: ---------- HP stock goes up 10%, CEO makes 10 millions of bonus (on top of base of 1 million) THEN next year if stock goes down 8%, CEO has to pay back 8 millions in bonus (still with the base of 1 million base pay). The problem still is: How do you get "the club" to agree on the above simple/fair compensation?..........Can some one help me out?!. ..... Here is the REAL problem: CEO’s, top managements and Board members , top share holders (who are mostly CEO’s and top managements of other companies) are in a club where they decide/influence each other salaries/BONUSES. Their excuse for big bonuses is for performance/profits of the company (which is logical!) BUUTTTT if the performance/profits of the company is down..then huh…they either get less bonus or leave + GOLDEN parachute (ten of millions dollars)!

Translation:
————-
They have a contract where they always win whether their performance is good or bad!!!

Proposed solution:
———————-
IF CO. doing well they get the bonus, but if the company is doing bad they have to pay penalty accordingly!.

Example:
———-
HP stock goes up 10%, CEO makes 10 millions of bonus (on top of base of 1 million) THEN next year if stock goes down 8%, CEO has to pay back 8 millions in bonus (still with the base of 1 million base pay).

The problem still is: How do you get “the club” to agree on the above simple/fair compensation?……….Can some one help me out?!. …..

]]> By: Dee Kerrsafety http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-14107 Dee Kerrsafety Sat, 07 Aug 2010 00:02:56 +0000 http://www.siliconbeat.com/?p=6175#comment-14107 There are no words to express my happiness in Hurd's overdue and deserved departure (we will probably never hear the truth). I worked for HP for most of my adult life and at one time it was a FANTASTIC place to work. Unfortunately, like the government, Mark Hurd, and Carly Fiorina were just pawns. To place the blame we need to look deeper at who is manipulating these CEO’s. But I digress – goodbye Mark Thanks for your over paid service where you managed to destroy even more dedicated workers lives than even Carly. There are no words to express my happiness in Hurd’s overdue and deserved departure (we will probably never hear the truth). I worked for HP for most of my adult life and at one time it was a FANTASTIC place to work.
Unfortunately, like the government, Mark Hurd, and Carly Fiorina were just pawns. To place the blame we need to look deeper at who is manipulating these CEO’s.
But I digress – goodbye Mark Thanks for your over paid service where you managed to destroy even more dedicated workers lives than even Carly.

]]> By: Logical http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-14103 Logical Fri, 06 Aug 2010 21:40:02 +0000 http://www.siliconbeat.com/?p=6175#comment-14103 Well, Caligula has fallen. Happy days are here again. With any luck, the HP Board will realize the error of their ways and hire a VISIONARY this time. Get back to "Invent" (notice that has been missing from recent HP Logos??).. $50M to get rid of him was not a bad deal at all. Should have been done years ago. I'm sure Hurd is happy, since he only got a paltry $24M binus for 2009. Had to make that up _somehow_.. CEO _and_ Chairman? Hope the Board figures that one out... Absolute power corrupts absolutely (bring us back to Caligula, doesn't it?). Well, Caligula has fallen. Happy days are here again. With any luck, the HP Board will realize the error of their ways and hire a VISIONARY this time. Get back to “Invent” (notice that has been missing from recent HP Logos??)..

$50M to get rid of him was not a bad deal at all. Should have been done years ago. I’m sure Hurd is happy, since he only got a paltry $24M binus for 2009. Had to make that up _somehow_..

CEO _and_ Chairman? Hope the Board figures that one out… Absolute power corrupts absolutely (bring us back to Caligula, doesn’t it?).

]]> By: Please Stop http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13907 Please Stop Thu, 22 Jul 2010 07:58:30 +0000 http://www.siliconbeat.com/?p=6175#comment-13907 As much as you think you know, none of you actually understand what its like to be in his situation. Yes, it wasn't fair what he did to his workers, but companies must make sacrifices. As mad as you all are, none of you will ever fully understand what fully triggered his decisions. He doesn't decide what he gets paid, the government does. He has made HP better, as much as you don't want to admit it. Salaries are being reduced, but eventually they will get better, I hope. I know I will never personally understand any of your situations, and I am very sorry if I offended anyone. I just don't think that its fair to bring him down, when none of you comprehend the decisions he had to make, or the consequences that came. Good luck to everyone. As much as you think you know, none of you actually understand what its like to be in his situation. Yes, it wasn’t fair what he did to his workers, but companies must make sacrifices. As mad as you all are, none of you will ever fully understand what fully triggered his decisions. He doesn’t decide what he gets paid, the government does. He has made HP better, as much as you don’t want to admit it. Salaries are being reduced, but eventually they will get better, I hope. I know I will never personally understand any of your situations, and I am very sorry if I offended anyone. I just don’t think that its fair to bring him down, when none of you comprehend the decisions he had to make, or the consequences that came. Good luck to everyone.

]]> By: Confused?!?! http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13751 Confused?!?! Tue, 13 Jul 2010 23:19:55 +0000 http://www.siliconbeat.com/?p=6175#comment-13751 So if things are this bad??? Why don't the employees at HP start a union??? I know unions suck in most part but for this company.. I really think it could do some good, I am not an employee at HP but I am married to one and just this year he was cut his sick time... holidays and so forth along with a 5% pay decrease... Not to mention he is has been on manditory overtime since Oct. 2009 (it's July 2010 now) They do not allow flex time so he could work 40 hrs a week and yet he is still required to take 10 hrs pto because he didn't work 50! This makes no sense... I think it is time for the employees to band together and teach HP and Mark Hurd a well needed lesson... and in this case Union is the only way to go! So if things are this bad??? Why don’t the employees at HP start a union??? I know unions suck in most part but for this company.. I really think it could do some good, I am not an employee at HP but I am married to one and just this year he was cut his sick time… holidays and so forth along with a 5% pay decrease… Not to mention he is has been on manditory overtime since Oct. 2009 (it’s July 2010 now) They do not allow flex time so he could work 40 hrs a week and yet he is still required to take 10 hrs pto because he didn’t work 50! This makes no sense… I think it is time for the employees to band together and teach HP and Mark Hurd a well needed lesson… and in this case Union is the only way to go!

]]> By: Logical http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13293 Logical Mon, 21 Jun 2010 21:52:21 +0000 http://www.siliconbeat.com/?p=6175#comment-13293 Let me break out my speeadsheet here... Let's see... $24M USD / 5000 = 5000 Developers, QA Engineers, Delivery people (and, of course, their MGMT) all receiving a $4800.00 USD "bonus"... Granted to the "people that actually do the work"... What a concept!! Reward those that do, instead of those that talk about it (then cut things so it can't be done)... I think this may have been the road Bill and Dave were on. Following the CURRENT road leads me to....CALIGULA... And we all know what happened to Rome. Let me break out my speeadsheet here… Let’s see… $24M USD / 5000 = 5000 Developers, QA Engineers, Delivery people (and, of course, their MGMT) all receiving a $4800.00 USD “bonus”… Granted to the “people that actually do the work”… What a concept!! Reward those that do, instead of those that talk about it (then cut things so it can’t be done)…

I think this may have been the road Bill and Dave were on. Following the CURRENT road leads me to….CALIGULA… And we all know what happened to Rome.

]]> By: Logical http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13287 Logical Mon, 21 Jun 2010 05:22:04 +0000 http://www.siliconbeat.com/?p=6175#comment-13287 That $300K for bodyguards would have been much better spent on QA people, labs etc... Of course, so would about 20 of that 24 million... But Hurd doesn't really care about the Customer. OR the stockholder... I bet there is no one who made $24M on HP in the last few years except Hurd. Organic growth? Somebody go knock on his door one evening and explain that concept to him... Word is out. HP Sucks. Hurd better cut and run while he still can. That $300K for bodyguards would have been much better spent on QA people, labs etc… Of course, so would about 20 of that 24 million… But Hurd doesn’t really care about the Customer. OR the stockholder… I bet there is no one who made $24M on HP in the last few years except Hurd. Organic growth? Somebody go knock on his door one evening and explain that concept to him…
Word is out. HP Sucks. Hurd better cut and run while he still can.

]]> By: G http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13217 G Wed, 16 Jun 2010 12:29:09 +0000 http://www.siliconbeat.com/?p=6175#comment-13217 He gets 24 MIL while recently I get my salary reduced by 20% with 25yrs of experience with this company. I am so glad to be contributor to their welfare. I must live with less so as our CEO and top executives wont have to do without. He gets 24 MIL while recently I get my salary reduced by 20% with 25yrs of experience with this company. I am so glad to be contributor to their welfare. I must live with less so as our CEO and top executives wont have to do without.

]]> By: EDSER http://www.siliconbeat.com/2010/01/15/hp%e2%80%99s-mark-hurd-made-242-million-in-fiscal-2009/comment-page-1/#comment-13054 EDSER Tue, 08 Jun 2010 18:57:13 +0000 http://www.siliconbeat.com/?p=6175#comment-13054 Lets face it EDS is gone, never to return. We are left with this sack of shit company called HP. If you want to make a difference grow a spine and join a union, then and only then can we get rid of the selfish greedy pig that we have for a CEO. Lets face it EDS is gone, never to return. We are left with this sack of shit company called HP. If you want to make a difference grow a spine and join a union, then and only then can we get rid of the selfish greedy pig that we have for a CEO.

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