/>
X

HP investors sue over Fiorina payout

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.
zd-defaultauthor-david-berlind.jpg
Written by David Berlind, Inactive on

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.
 

Related

He flew American Airlines, she flew United. For both, the unthinkable happened
screen-shot-2022-06-30-at-10-14-36-am.png

He flew American Airlines, she flew United. For both, the unthinkable happened

Business
CERN is firing up its Large Hadron Collider at record energy levels, in search of dark matter
cern-photo-202011-145-2.jpg

CERN is firing up its Large Hadron Collider at record energy levels, in search of dark matter

Innovation
This is the ultimate security key. Here's why you need one
Yubikey 5C NFC

This is the ultimate security key. Here's why you need one

Security