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Summary:

While 2011 was a bad year for Hewlett-Packard, it was a good one for chairman Ray Lane, at least financially. Lane logged more than $10 million in total compensation mostly in stock and options — for the fiscal year, according to the HP proxy.

ray_lane_headshot

While 2011 was a bad year for Hewlett-Packard, it was a very good one for chairman Ray Lane, at least financially.

Lane, who became executive chairman of HP on September 22, 2011 (he had been non-executive chairman since November 1, 2010, the start of HP’s FY 2011)  logged more than $10 million in total compensation — the bulk of it in stock and options — for the fiscal year, according to the HP proxy.

But check out the numbers for yourself.

Other highlights from the proxy:

Meg Whitman who famously took the HP CEO position in September for $1 in salary, gets $16 million in stock and options. Former CEO Leo Apotheker walked away with $30.4 million when he was fired by HP last September.

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  1. HP board mostly ineffectual since 2003 ( we know what happened then ) but they sure pay them well ;)

    1. yes, how does one get that gig?

      1. I worked for one of them #justsaying

    2. Oh really Ardire – you were pretty ineffective too

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