HP Hurd 40 million parachute

[designnut]

http://www.marketwatch.com/story/hurds-severance-pay-may-be-40-million-report-2010-08-15

[Tom Mathes]

As Mel Brooks said decades ago:

"It's good to be da king".

[Karl Schneider]

HP's webpage for former CEO's:

http://www.hp.com/hpinfo/execteam/formerceos.html

See what happens when the link for Mark Hurd is clicked. (It seems that the page had been created, and it wouldn't seem too difficult to make minor updates as necessary.)

Also, Carly Fiorina's page seems terse, but maybe there isn't as much useful biographical content available as for the others.

-- KS

Edited: 15 Aug 2010, 9:22 p.m.

[Palmer O. Hanson, Jr.]

There is an interesting article on all of this on page 54 of the August 14th issue of The Economist. Here are two important quotes from the article but you need to read the entire article:

Quote:

---

... It is all rather confusing. If his ethical lapses were serious, then why is he being given a golden parachute of $12.2m? And if they weren't serious, then why is the company getting rid of a star exectutive?

---

and

Quote:

---

... HP needs to find a good replacement executive, and fast. That should not be hard; the firm has one of the deepest benches in high-tech. But it also has a patchy record in picking the boss. And history suggests that a good one can make the difference between success and failure: look at how Lou Gerstner revived IBM or how Jack Welch opened up General Electric's lead over Westinghouse. Or look at the way that HP itself began to crumble under
Ms Fiorina.

---

Meanwhile, Carly wants to be a senator.

Palmer