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  • 1 Post By ilovedessert
  • 1 Post By viper151
  1.    #1  
    Hi all,

    FYI. See link....Leo's unbelievable financial rewards for drive HP stock into the ground hopefully will be a catalyst for change from huge rewards for CEO's & other executives win or fail....

    Take care,

    Jay

    September 30, 2011
    Rewarding C.E.O.’s Who Fail
    By JAMES B. STEWART

    http://www.nytimes.com/2011/10/01/bu...gewanted=print

    Léo Apotheker’s short, turbulent reign as the chief executive of Hewlett-Packard was by nearly all accounts a disaster. The board demanded his resignation, and if ever there was a case for firing someone for cause, this would seem to be it.

    So why is H.P. paying Mr. Apotheker more than $13 million in termination benefits?

    Just three years after the financial crisis generated widespread public outrage that Wall Street chief executives walked away with hundreds of millions in bonuses and other compensation after driving their companies into insolvency and plunging the nation’s economy into crisis, multimillion-dollar pay for failure is flourishing like never before. H.P. is simply the latest example, albeit an especially egregious one. It’s hard to fault Mr. Apotheker for taking what H.P. offered. But among the many questions shareholders should be asking the board is why it approved an employment agreement for Mr. Apotheker that arguably made it more lucrative for him to fail — and the sooner the better — than to succeed.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
    gbp likes this.
  2. #2  
    didnot you started a similar thread last week:
    http://forums.precentral.net/hp-palm...s-new-ceo.html
    If this helped you hit thanks.
  3. #3  
    This is the reason the global economy is in a mess
    Rnp likes this.
  4. JJCook's Avatar
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    #4  
    This has been SOP with the C level execs forever. They all cover each other's backsides. It won't stop until Wall Street demands it.
  5.    #5  
    Quote Originally Posted by JJCook View Post
    This has been SOP with the C level execs forever. They all cover each other's backsides. It won't stop until Wall Street demands it.
    Hi all,

    ...I beg to differ with you slightly....it will end when WE put a stop to it....b/c Wall Street doesn't care as long as they are getting their big fat bonus checks ever year!

    Take care,

    jay
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group

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