Beats his targets
Last modified on Thursday, 31 January 2008 04:58
HP CEO Mark Hurd received has more than $26 million fas a bonus for the 2007 fiscal year.
Hurd gets $1.4 million as a basic salary, another $1.4 million in bonus money and nearly $12 million in cash incentive payouts. Hurd also received shares of restricted stock valued at $6.8 million and stock options worth nearly $4 million.
He also gets $515,000 in additional compensation, including more than $138,000 in restricted stock dividends, nearly $126,000 in expenses for home security services and a mortgage subsidy of about $111,000.
He made $4.8 million on stock options he exercised, and he had $7.4 million worth of HP stock vested during the latest period. The extra cash bonus comes about because the board is happy with HP's aggressive sales growth and cost-cutting moves.