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Meg Whitman to Step Down as HPE CEO

(www.wsj.com)
184 points praneshp | 3 comments | 21 Nov 17 21:59 UTC | HN request time: 0s | source
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justboxing ◴[22 Nov 17 02:12 UTC] No.15753647[source]▶
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...

replies(2): >>15754262 #>>15757651 #
1. coupdejarnac ◴[22 Nov 17 04:33 UTC] No.15754262[source]▶
It'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.
replies(2): >>15754572 #>>15756194 #
2. jeffwilcox ◴[22 Nov 17 05:50 UTC] No.15754572[source]▶
Yet common. Stephen Elop (Nokia back to Microsoft) $25m https://news.slashdot.org/story/13/09/19/1834224/nokias-elop...
3. cvsh ◴[22 Nov 17 12:15 UTC] No.15756194[source]▶
Shareholders 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.