Former CEO Leo Apotheker is leaving his HP with a very generous severance package that includes $US7.2 million in cash and a $US2.4 million annual bonus. The company is also paying to move Apotheker back to France.
Besides the cash payout, Apotheker will also receive 156,000 restricted shares in HP. The shares are likely worth the least now as HP’s stock has plummeted 45 per cent since Apotheker took control of the company about a year ago.
[Reuters]