News: Hewlett-Packard CEO Meg Whitman gets big salary hike

C-Suite

Hewlett-Packard CEO Meg Whitman gets big salary hike

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.

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

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Topics: C-Suite, Compensation & Benefits, #Updates, #Corporate, #TotalRewards

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