HWP -- Hewlett Packard Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : HWP -- Hewlett Packard

HPQ 19.02

-3.9%

Feb 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jody Ritchie who wrote (2938)	3/2/1999 5:47:00 PM
From: Tech CFO	Read Replies (1) of 4722

My understanding is that Hackborn very much likes living in Boise and working from an office above an old car dealership. He had no interest in moving to the bay area to run the company. Also, given his distaste for money losing operations, I don't think he could have stomached most of the computer divisions. Regarding the $$$$ package. From what I've seen, HP pays its top executives about half industry average for companies its size (and has done so for quite a while). Also, its option grants are relatively meager. I think an outside candidate will require at least average comp for the position, probably more, due to its high profile nature. Rather than a massive salary, I'd expect a huge option grant like Gerstner got (maybe a million shares, or at least half a million). This will be very difficult given HP's culture (FWIW, I worked there for 6 years in the late 80's and early 90's) and its board. The package the SGI CEO got is a good example. I heard it was roughly three times Lou Platt's annual comp.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next