HP investors sue over Fiorina payout

HP investors sue over Fiorina payout

Summary: News.com's Dawn Kawamoto writes: Two large institutional investors have filed suit against Hewlett-Packard, alleging that the computer maker violated its own severance cap when it doled out a multimillion-dollar payment to ousted CEO Carly Fiorina.

SHARE:
TOPICS: Hewlett-Packard
1

News.com's Dawn Kawamoto writes:

Two large institutional investors have filed suit against Hewlett-Packard, alleging that the computer maker violated its own severance cap when it doled out a multimillion-dollar payment to ousted CEO Carly Fiorina.

Just remember it was Dan Gillmor that first called our attention to that payout as a sham (a text version of the writeup appears here..... and if someone can explain why the permalink at the end of that writeup takes you to makingthenews.net which in turn leads you to the Register.com, be my guest).  He also nailed HP for paying its interim CEO Robert Wayman $58,000 per day above and beyond what he was already making as the company's CFO.
 

Topic: Hewlett-Packard

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

1 comment
Log in or register to join the discussion
  • Buyout of Carly

    Why do I smell an emminent meltdown of HP now???!! Their product offerings don't seem to match these salaries.. Something's afoot.
    IMHO
    jskline09