Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP’s directors…
In a somewhat surprising move, HP went outside its walls — and all the way to Germany — to find the chief executive to replace the ousted Mark Hurd. Apotheker had stepped down as CEO of German software giant SAP in 2010.
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Mark Hurd will receive an annual salary of $950,000 and a bonus of as much as $10 million for fiscal 2011 in his new position as president of Oracle. It’s a big drop from his HP compensation.
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