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That 51 MILLION $ golden parachute must be really nice. Now she gets to go to a new place and do this all over again. > Whitman would get nearly $91 million if
by justboxing 9y ago
That 51 MILLION $ golden parachute must be really nice. Now she gets to go to a new place and do this all over again.
> Whitman would get nearly $91 million if HP gets acquired – more than double her peers – and $51 million if she's forced out (not fired for cause) – again, nearly double.
Source: [2015] http://www.businessinsider.com/whitman-gets-51-million-if-hp-axes-her-2015-3 http://www.businessinsider.com/whitman-gets-51-million-if-hp...
- coupdejarnac 9y agoIt's kind of amazing to me that there would be a bonus tied to being acquired. That would motivate the ceo to not act for the long term benefit of the company.
- jeffwilcox 9y agoYet common. Stephen Elop (Nokia back to Microsoft) $25m https://news.slashdot.org/story/13/09/19/1834224/nokias-elop-set-to-receive-25-million-bonus-after-acquisition https://news.slashdot.org/story/13/09/19/1834224/nokias-elop...
- cvsh 9y agoShareholders are more than happy to carve up their company and feast off its remains if they come out ahead financially, and once you go public, they're all that really matters.
- vfulco 9y agoThe new American Dream. Get to C-suite as quickly as possible, offshore as much as possible. Even if none of your "strategic" read consultancy driven plans work out, ka-ching! F-U money for life.