facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

NATION



Published: Fri, November 16, 2001 @ 12:00 a.m.


NATION
HP, Compaq CEOsdecline merger bonuses
SAN FRANCISCO -- Facing a potential shareholder revolt against the proposed marriage of their companies, Hewlett Packard Co. chief executive Carly Fiorina and Compaq Computer Corp. CEO Michael Capellas withdrew from a bonus program that would have paid them $22.4 million for completing the merger. Meanwhile, the Federal Trade Commission asked both companies for more time to review its nearly $24 billion deal.
Fiorina would have received $8 million, or two times her annual salary and target bonus, upon completion of the deal. Capellas, a Warren native, would have been paid $14.4 million -- three times his annual compensation package.
Associated Press


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes