Man what am I doing wrong? I have never done a bad job working somewhere then was rewarded after being fired. Well I need to learn a trick or two from Leo Apotheker, former CEO of HP. Dude had some major losses during his reign but end of the day it appears he has won. Check out how Leo won after the jump.
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Recently fired Hewlett-Packard CEO Leo Apotheker is walking away with more than $13 million in cash and stock after an 11-month reign that saw the technology’s company market value plunge by nearly $40 billion.
Apotheker’s parting package includes a $7.2 million severance payment and a $2.4 million bonus for his performance while he was CEO. He also will keep restricted stock currently worth about $3.7 million. The value of Apotheker’s other stock awards will depend on how the company fares in the next few years, according to documents filed Thursday.
Hewlett-Packard Co. also will cover Apotheker’s expenses for an anticipated move to France or Belgium.
Meg Whitman, HP’s new CEO, is being paid just $1 a year, but she could earn a bonus of up to $6 million.
