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HP maybe looking for a new CEO but don’t feel bad for him

September 22nd, 2011 by Joseph Ruthaford

So HP has done awful this pass year, with the fail of the touchpad and them calling for a new direction in stopping major PC production and going software solutions. As of right now the current CEO Leo Apotheker has been in the seat of power for less than a year. November 1st of last year being the day he took power. Well I will tell you something that I have learned. If the board decides that Mr. Apotheker has done a poor job and looks to get rid of him, he will still have made a pretty penny. To start he will get $2.4 million dollars plus his average bonus received over the period of his employment which will equal installments over 18 months. Now that is great for someone who did such a poor job but also he will get 76,000 HP shares to go along with all of that. Plus get this he got $4.6 million in relocation benefits and from what I have read since he has been there for more than 60 days he gets to keep it! The only thing that makes sense is if he is fired within 16 months he will be paying back part of his signing bonus of $4 million which would breakdown to about $2.4 million dollars. Pretty good deal if he can make it a year and a half.

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