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Outgoing Hewlett-Packard CEO Leo Apotheker will get a severance payment of US$7.2 million, plus a $2.4 million performance bonus and additional stock benefits, according to documents filed with the U.S. Securities and Exchange Commission on Thursday.
Apotheker was recently ousted from the top post at HP after spending just 11 months on the job. Meg Whitman, the former CEO of eBay, has taken over. She will receive a base salary of just $1 per year, the regulatory filing shows.
Apotheker made several decisions during his tenure that drew criticism, including one to spin off HP's PC division, which it announced before it had found a buyer. HP missed its financial targets for the past three quarters and its stock dropped by with battery such as Acer PA1650 Ac Adapter , Acer ADP-65DB Ac Adapter , Acer ACC10H Ac Adapter , Acer Aspire 5600 Ac Adapter , Acer Aspire 1680 Ac Adapter , Acer Aspire 1690 Ac Adapter , Acer Aspire 1410 Ac Adapter , Acer Extensa 3000 Ac Adapter , Acer TravelMate 4060 Ac Adapter , Acer TravelMate 6000 Ac Adapter , Acer TravelMate 520 Ac Adapter , Acer TravelMate 4000 Ac Adapter nearly half while Apotheker was CEO.