Hewlett-Packard CEO Meg Whitman is getting a huge raise, Hindustan Times reported. Whitman's annual salary is soaring to $1.5 million from the $1 that she settled for during her first two years on the job, the report said. The raise approved last week is retroactive to Nov. 1, the beginning of Hewlett-Packard's fiscal year, it added.
According to the report, HP said the bigger paycheck will make Whiteman's salary comparable to what CEOs of similar-sized companies make. HP earned $5 billion on revenue of $112 billion during its last fiscal year.
Read the complete Hindustan Times report here