Meg Whitman, Chief executive Hewlett-Packard (HP) Co., made $15.4 million in the fiscal year 2012, which ended Oct. 31.
Although the base salary of Whitman is just $1 but she received a bonus of $1.7 million and the remaining amount of money paid to Whitman was in the form of options (nearly $6.4 million), stock awards (more than $7 million) and other income according to a federal proxy filing. Her bonus was large but still it was nearly 70% less than that of the previous targets, which was $2.4 million, as the company posted a net loss.
Whitman was the former EBay executive and one-time Republican candidate for California governor. She took the charge of chief executive in September 2011. After coming to the post, she developed and worked on various strategies to turn around the struggling company including reversing the previous corporate decision of spinning off HP’s PC division and to cut about 29,000 jobs over the next two years.
Whitman is 285th richest people in America on the Forbes list of the top 400 richest people. She is the 18th woman on the Forbes’ list of the World’s 100 most powerful women.
On the other hand, according to the proxy filed Friday, HP has given a new proposal to allow the large shareholders to have the ability to nominate the directors rather than just voting for a panel of directors selected by the company.
Among other top executives, Chief Financial Officer Cathie Lesjak earned $6.7 million last year, compared with $11 million in 2011. Executive vice president Todd Bradley, who heads the company’s personal computer and printer group, made $7.4 million in 2012, compared with $10.7 million the prior year.