Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: research99
"With Fiorina as chairman and CEO, Hewlett-Packard's value declined significantly and the technology giant endured massive layoffs. Fiorina led a largely unsuccessful merger with Compaq in 2002, going against the wishes of company founder Walter Hewlett.

Asked by the board of directors to step down in 2005, Fiorina left with $21 million in cash, plus stock and pension benefits worth another $19 million. According to HP executive compensation rules, departing executives are entitled to no more than 2.99 times their base salary; anything more requires stockholder approval. Fiorina's parachute was more than that, so the stockholders filed a class action suit (a federal judge dismissed it in April 2008).

Fiorina is now a Fox Business Network contributor and a top economic advisor to Republican presidential candidate John McCain." (from article of 2008) http://content.time.com/time/specials/packages/article/0,28804,1848501_1848500_1848417,00.html

26 posted on 05/10/2015 1:09:29 PM PDT by research99
[ Post Reply | Private Reply | To 25 | View Replies ]


To: research99

Yes, you have an agenda. Definitely a hater. I’m sorry you got laid off. It is traumatic and so I understand your state of mind, but I think you need to look at the whole picture.


48 posted on 05/10/2015 7:25:08 PM PDT by Dave W
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson