Even if you're a homesteading customer, your steps back from HP can't keep you from seeing the CEO's windfall. Government securities reports said HP CEO Mark Hurd earned $26 million in compensation for the fiscal year 2007. If that seems like a lot of money, just remember that Yankees pitcher Roger Clemens got 2007 pay of $24 million, pro-rated. Clemens won just one-third of his games, including a flame-out in the playoffs.
Clemens may be headed to the baseball Hall of Fame, but Hurd will take a spot in HP's history as the man who made Carly Fiorina's outsized schemes work for Hewlett-Packard. I say outsized because Hurd did rightsizing on HP as soon as he took over for the fired Fiorina. 15,000 employees lost jobs, some of them who held key HP 3000 information which HP might call upon in a sticky support situation.
That's the darkness Hurd threw over the 3000 customer who's staying with the system and still paying HP support dollars. On the bright side, he brought on the light of a number 1 PC market share and the climb to top revenue rating once IBM left the PC field. Most of the largess on the HP board's part was due to HP beating its 2007 financial goals.