I guesss it doesn't really matter how you perform as a CEO these days.
HP CEO Leo Apotheker was recently fired after less than a year on the job. Yet despite his detrimental underperformance and questionable decisions, Leo will walk away with over $13 million in cash and stock.
During his reign, HP's market value plunged by close to $40 billion. But instead of Leo taking a hit for this staggering failure, he's now set for life.
A $7.2 million severance payment and $2.4 million "performance" bonus combine with stocks worth roughly $3.7 million to complete Leo's ribbon-wrapped farewall gift. Heck, HP is even covering Leo's expenses for "an anticipated move to France or Belgium." Fancy that.
New CEO Meg Whitman, of eBay fame, will be paid $1 per year plus a bonus of up to $6 million.