HP’s Whitman Earned $15 Million in 2012 After Target Miss
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Hewlett-Packard Co.’s Meg Whitman received nearly $15.4 million in fiscal 2012, her first full year as chief executive officer, receiving only 70 percent of her targeted compensation as it posted a net loss for the year.
Whitman, who took a salary of $1 last year, reaped a performance-related bonus of $1.7 million, more than $7 million in stock awards and $6.4 million in options, Hewlett-Packard said in a filing yesterday. Whitman, who was already on the board, became CEO in September 2011, just before the end of that fiscal year. In that period, her compensation was $16.5 million.