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New HP CEO’s Salary: $1.2 million, Plus Bonuses

Published on October 1, 2010
by John Paczkowski

What did it cost Hewlett-Packard to sign Léo Apotheker as its new CEO? Quite a bit, as you might expect. According to a Securities and Exchange Commission filing, Apotheker will receive an annual salary of $1.2 million for the next two years, a $4 million signing bonus and an additional $4.6 million for relocation assistance (!?). For fiscal 2011, his incentive bonus will be 200 percent of his base salary, with a ceiling of 500 percent. In other words, Apotheker will make $3.6 million in salary next year–at the very least.

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URL: http://allthingsd.com/20101001/new-hp-ceos-salary-1-2-million-plus-bonuses/