Menu
Apotheker's pay package shows HP confidence

Apotheker's pay package shows HP confidence

SEC documents show HP's new CEO, Leo Apotheker, will be paid similarly to his predecessor

Leo Apotheker may yet have to prove that he can run a company the size of Hewlett-Packard, but his compensation package is on par with his predecessor.

According to an HP document filed with the U.S. Securities and Exchange Commission, Apotheker will earn an annual salary of $US1.2 million, the same earned by Mark Hurd, who recently resigned from HP after allegations of sexual harassment.

Apotheker, whose tenure as SAP CEO ended in February and lasted under a year, will earn an annual incentive of between 200 per cent and 500 per cent of his annual salary. Stock awards and options, some of which vest over the coming years, amount to $71.8 million at Friday’s stock value.

He’ll also get a $4 million signing bonus and $4.6 million in moving expenses. Apotheker resides in France and will move closer to HP’s headquarters in Palo Alto, California.

Hurd’s total compensation in 2009 was over $30 million.

When HP announced on Thursday that it had chosen Apotheker for CEO, many industry observers were surprised.

“I think there’s a sense of Leo has it all to prove as to helming a much larger company than SAP with a very wide product portfolio,” said China Martens, an analyst with The 451 Group. In that sense, his compensation package seems large. “Leo’s a bit of yesterday’s man,” she said.

The compensation package, however, shows that HP thinks Apotheker is a valuable choice, she said. The company may hope that he can bring a more international focus and a more software-centric vision to the business, she said.

Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy's e-mail address is Nancy_Gohring@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuessoftwareHewlett-Packardhardware systemspersonnelLeo Apotheker

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments