H-P Enterprise CEO Whitman's Total Pay Drops 13%
February 12 2016 - 9:00AM
Dow Jones News
Hewlett Packard Enterprise Co. Chief Executive Meg Whitman's
total compensation was valued at $17.1 million last year, down 13%
from 2014.
Ms. Whitman's base salary remained at $1.5 million, but she
received a smaller bonus. Her nonequity incentive compensation
declined to $2.5 million from $4.3 million a year earlier.
In its proxy statement, the company said Ms. Whitman's
performance was "above target," noting the completion of the
company's split from its former parent and a recent acquisition of
Aruba Networks Inc., among other things. But Hewlett Packard
Enterprise also said its incentive awards are heavily dependent on
stock performance.
The compensation totals reflect Hewlett Packard's most recent
fiscal year, which ended in Oct. 31. The company's split was
effective Nov. 1.
Hewlett Packard Enterprise's separation from Hewlett Packard
Inc., now known as HP Inc., was a move to untie the company's
enterprise technology business from the weight of a flagging
PC-and-printer market. Since the split in October, though, Hewlett
Packard Enterprise shares have floundered, declining 25%.
The value of the CEO's stock and option awards, meanwhile, fell
4.6% to $12.9 million amid broad market declines.
Hewlett Packard Enterprise said Catherine Lesjak's total
compensation package also fell 13% from a year earlier, to $7.4
million. Her base salary remained at $850,000, while her incentive
compensation and stock and option awards fell.
Before the separation, Ms. Lesjak was chief financial officer at
the former Hewlett-Packard. She remains with HP Inc. and is no
longer affiliated with Hewlett Packard Enterprise.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
(END) Dow Jones Newswires
February 12, 2016 08:45 ET (13:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
HP (NYSE:HPQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
HP (NYSE:HPQ)
Historical Stock Chart
From Sep 2023 to Sep 2024