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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 26.35

+1.6%

12:54 PM EST

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To: Sr K who wrote (4196)	9/29/2011 6:20:11 PM
From: Glenn Petersen	of 4345

Apotheker's deal: H-P Paying Fired CEO $7.2 Million in Severance Wall Street Journal September 29, 2011, 5:23 PM ET Hewlett-Packard disclosed it agreed to pay ousted CEO Leo Apotheker $7.2 million in severance over the next 18 months, according to a regulatory filing. In addition, H-P said Apotheker will get to hold onto $3.56 million worth of restricted H-P shares he was awarded when he signed on about a year ago. Apotheker will also get a $2.4 million bonus for his time at H-P, during which the company’s stock price shriveled. The bonus was due to him under H-P’s “Pay-for-Results Plan,” the company said. In addition, H-P will coverage Apotheker’s relocation expenses, including a return flight to France or Belgium. H-P also will reimburse its ousted CEO for any loss on the sale of his California house and related expenses, up to $300,000. Apotheker will be reimbursed for health and dental coverage for up to 18 months, H-P said. blogs.wsj.com

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