Hewlett-Packard disclosed in a regulatory filing Tuesday that the Palo Alto company’s board has given CEO Meg Whitman a nice little pay boost — increasing her annual base salary from $1 to $1.5 million.
The raise, which took effect Nov. 1, was “to bring Ms. Whitman’s salary to a competitive level among the salaries of the chief executive officers of HP’s peer companies.” the filing said.
Compared with the Bay Area’s top 177 executives, Whitman ranked 12th in total compensation — including stock awards, bonus and other pay — according to a Mercury News analysis in August. At that time, her total compensation amounted to $15.3 million.
At top, Meg Whitman in a 2012 file photo. Photo by Lipo Ching, Mercury News