May 22, 2013

employment agreements - News


Report Says that Mark Hurd May Get $40 Million from HP

mark hurd hp

Citing executive pay experts who combed over Hurd’s employment agreements, the Financial Times of London reported over the weekend that Hurd’s airtight contract with Hewlett-Packard didn’t include specific circumstances in which the company would fire him “for cause,” which would have enabled it to avoid paying severance. Hurd will get a severance payment of $12.2 [...]