In the continuing saga of the contemptible incompetents running HP (into the ground) Ned has used his considerable math skills to add the total money (made public that is) that has been thrown at failed CEO's of that Corporate Poster Child in the past four years or so, by what business insiders call the "worst Board of Directors in the country."
Here is the disgraceful total, at a time when jobs are being outsourced to India and the rank and file employees have taken actual pay cuts.
$30 million or so to Carly Fiorina, plus her vewy own jet plane.
Something like 3 or 4 million to some interim CEO while they were looking for their next hack.
$12 million at least to Mark Hurd, who was forced to resign over expense account irregularities and some reports of vague sexual improprieties. Hurd went on to take the job of "Co President" at one of HP's competitors, Oracle.
$27 million to hapless Leo Apetheker, ousted after eleven months.
So, this is more than $70 million, at a time when qualified people can't find jobs.
And how have all these changes affected the company's stock price? Four years ago it was about 22. Same now.
Ned once again advises his friends to SHORT HP.
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