Last year, our most popular post by far was “HP’s Mark Hurd made $42.5 million in fiscal 2008.” The post has drawn a whopping 254 comments, with more still coming in.
So given the interest, it seems only right to post an update with Hurd’s last salary numbers for fiscal year 2009: $24.2 million. A story in the Mercury News this week covered the basics: Read the rest of this entry »
If job anxiety has a sound, it just got louder in Silicon Valley today when its largest company reported an unexpectedly dramatic slowdown in sales for its fiscal 2009 first quarter. One result is that the company is “reducing base pay and certain benefits across the company” beginning this quarter, according to remarks Cathie Lesjak made on the company’s earnings conference call this afternoon.
After the call was over, HP distributed more details of the pay reductions, including Read the rest of this entry »
Intel will be the first Silicon Valley company among the vanguard of public companies in the United States that will ask shareholders this year to express their approval or disapproval of the way the company compensates its top executives.
The announcement came via Read the rest of this entry »
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 Read the rest of this entry »
Hewlett-Packard announced plans to occupy an “advanced manufacturing complex” in West China to both “serve the fast-growing Chinese market and accelerate economic development in the region,” according to a press release put out today by the world’s biggest manufacturer of personal computers. HP plans to make “”state-of-the-art notebook and desktop PCs” at the 20,000-square-meter facility in Chongqing (its skyline at night is pictured) starting in 2010.
Chongqing is one of the fastest growing cities in China, according to the National Bureau of Statistics, which put its GDP last year at $410 billion with a growth rate of 15.6 percent over the prior year. The city has 500,000 university students and more than 1,000 research and development institutions.
“In addition to the educated work force, development conditions offered by the local government made the development attractive to HP,” said the company.
Hewlett-Packard and Electronic Data Services settled five EDS shareholder lawsuits filed in
response to the proposed merger of the two companies, according to a release HP put out Friday announcing approval of the HP-EDS merger by the European Commission.
The lawsuits were brought by shareholders who questioned the deal’s valuation and who urged that EDS put itself up for auction in hopes of attracting a higher bid, something plaintiffs said terms of the deal
prohibited.
As part of the settlement, HP and EDS said that the closing of the merger will not occur prior to Read the rest of this entry »
Former Hewlett-Packard chief executive Carly Fiorina was the subject of a New York Times profile last week focused on her role in John McCain’s campaign for president. She is officially chairwoman of the Republican National Committee’s “”Victory ‘08” committee
dedicated to McCain’s election.
“Three years ago, Carleton S. Fiorina was the celebrity C.E.O. who was spectacularly fired by the Hewlett-Packard board,” began the piece, by Elisabeth Bumiller. “She produced a best-selling memoir, ‘Tough Choices,’ but for the most part spent the years after her ouster in relative self-imposed exile from public life.” Read the rest of this entry »
Hewlett-Packard said it has “settled all ongoing patent litigation with Acer,” according to a press release the company put out Sunday evening. Read the rest of this entry »
So by now you may have heard about Hewlett-Packard’s earnings report for its fiscal 2008 second quarter: net profit climbed 16 percent on an 11 percent rise in sales. What you may not have heard about was news the company included in the same filing as its earnings press release of the “special performance-based cash incentive arrangement” it struck with three senior executives: Chief Executive Mark Hurd, Executive Vice President Ann Livermore and Executive Vice President R. Todd Bradley. Read the rest of this entry »
HP Labs, the central research facility for Hewlett-Packard, put out word today that its looking to hookup for joint research with folks working at colleges, universities and research institutes worldwide. Read the rest of this entry »
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