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PockyClipsNow
2011 Sep 30, 2:53am
HP is not a government agency or bailed out bank so there is no reason to be angry unless you are a shareholder in which case you can sell the stock. Maybe thats why it tanked.
I dont see why anyone would be angry or care. (unless you are liberal and thinking making money is wrong?).
The fall of HP is certainly one for the record books. But this has been ongoing for quite some time.
The board probably signed onto it because they didn't know what the performance would be. As a percentage of market cap it is pretty insignificant although he obviously doesn't deserve any pay for performance or moving expenses.
The same goes with any type of government/union contract. Don't blame the people that received it...blamed the process that caused it to be agreed to. Nothing is really hidden or secret.
HP is not a government agency or bailed out bank so there is no reason to be angry unless you are a shareholder in which case you can sell the stock. Maybe thats why it tanked.
I dont see why anyone would be angry or care. (unless you are liberal and thinking making money is wrong?).
PockyClips, I have no problem making money. My screed isnt about the CEO creating value for shareholders. It is about him bringing the market value of HP down by $40 billion and then exiting with a $13M bonus. If he created value for me, as a shareholder, all the power to him.
So it isn't OK if he is a government employee/director, but laissez faire in the "free market"?
I dont see why anyone would be happy or carefree. (unless you are conservative/teabagger and thinking losing money is right?)
tatupu70
2011 Sep 30, 3:56am
I dont see why anyone would be angry or care. (unless you are liberal and thinking making money is wrong?).
I think anyone would be angry at this insanity. Inept and corrupt Boards of Directors are one of the main reasons why CEO pay has gone up to such ridiculous levels. BODs are pretty much a complete sham now. They are made up of executives of other companies who all look out for each other. It's gotten incestuous....
HP's recently released CEO, Leo Apotheker, bails out after just 11 months at the helm with $13M in cash and stock. This after the company's stock plummets $40B in 11 months.
http://news.yahoo.com/recently-fired-hp-ceo-departs-more-13m-232500203.html
How can anyone defend this as being what capitalism is all about? Why do Boards of Directors keep signing off to stupid packages like this?