{"id":352,"date":"2011-10-03T01:16:19","date_gmt":"2011-10-03T07:16:19","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/?p=352"},"modified":"2011-10-03T01:16:19","modified_gmt":"2011-10-03T07:16:19","slug":"hewlett-packard-meg-whitman-employment-agreement","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2011\/10\/03\/hewlett-packard-meg-whitman-employment-agreement\/","title":{"rendered":"Hewlett-Packard Meg Whitman Employment Agreement"},"content":{"rendered":"<p>HP recently filed its <a href=\"http:\/\/contracts.onecle.com\/hp\/whitman-offer-2011-09-27.shtml\">Offer Letter between Hewlett-Packard Company and Margaret (Meg) C. Whitman<\/a>. Unlike previous CEOs, such as <a href=\"http:\/\/contracts.onecle.com\/hp\/fiorina.emp.1999.07.17.shtml\">Carly Fiorina<\/a> (Base Salary of $1,000,000), <a href=\"http:\/\/contracts.onecle.com\/hp\/hurd.emp.2005.03.29.shtml\">Mark Hurd<\/a> (Base Salary of $1,400,000), and <a href=\"http:\/\/contracts.onecle.com\/hp\/apotheker-emp-2010-09-29.shtml\">Leo Apotheker<\/a> (Base Salary of $1,200,000), Meg has an initial base salary of only $1 per year. However, she will be eligible for a target bonus of $2,400,000, so this is not an entirely pro bono affair.<\/p>\n<p>HP has an executive stock ownership guideline that requires to CEO to hold HP shares with a value of five times salary. However, with a initial base salary of $1 per year, this requirement would be meaningless.  For Meg, her &#8220;guideline will be based on a notional base salary of $1,200,000 instead of [her] actual salary of $1.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>HP recently filed its Offer Letter between Hewlett-Packard Company and Margaret (Meg) C. Whitman. Unlike previous CEOs, such as Carly Fiorina (Base Salary of $1,000,000), Mark Hurd (Base Salary of $1,400,000), and Leo Apotheker (Base Salary of $1,200,000), Meg has an initial base salary of only $1 per year. However, she will be eligible for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[84],"class_list":["post-352","post","type-post","status-publish","format-standard","hentry","category-employment-agreement","tag-hewlett-packard"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=352"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}