John Paczkowski

Recent Posts by John Paczkowski

Hurd’s Fall Cushioned by Big, Soft Pile of Cash

Ousted as Hewlett-Packard’s CEO, Mark Hurd understandably would prefer to look ahead, not back. And it’s a pleasant view, indeed, thanks to the big bucks he’ll make by selling off his large stake in his former employer. Insider-trading tracker Washington Service reports that on Monday, Hurd filed to sell up to 775,000 of his common shares.

Hurd had until September 7 to exercise those options as part of his severance deal, and he chose wisely. Hewlett-Packard (HPQ) closed at $39.04 on Monday, presumably leaving him with a potential take of $30.3 million. That, of course, is on top of the $12.2 million in cash that Hurd was given on the way out the door. At least one shareholder has filed suit against HP’s board over the size of the severance package.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work