Sundar PichaiSundar Pichai earned $164M in 2023
H

Léo Apotheker

Ex-CEO of HP

Education

Not Available

Field of Expertise

Business & Management

Born

November 30, 1952 - 72 years ago

Economy Sector

Technology

Tenure

0 years 0 months (Sep 2011 - Sep 2011)

Previous Experience

Not Available

Léo Apotheker was the CEO of HP (Hewlett-Packard) from November 2010 until September 2011. Before joining HP, he had a solid background in technology with significant experience at SAP, where he rose through the ranks to become CEO. He was...

Year

2011

Total Compensation

$16.31M

Salary

$1.15M

Board Justification

HP's compensation philosophy is to align executive compensation with performance, targeting compensation levels within a competitive range of the market median, provided performance goals are met.

Bonus

$6.40M

Board Justification

The fiscal 2011 bonus amount for Mr. Apotheker represents a $4,000,000 signing bonus paid under the terms of his employment agreement and a $2,400,000 bonus paid under the terms of his separation agreement.

Other

$5.20M

Board Justification

Other compensation includes relocation expenses, security services, legal fees, personal aircraft usage, and a reimbursement for foregone non-competition payments.

Restricted Stock

$3.56M(156K restricted stock)

Board Justification

The vested stock represents 156,000 shares of restricted stock that were accelerated under the terms of his separation agreement.

Performance Metrics

The performance metrics for the CEO include adjusted non-GAAP net earnings and adjusted non-GAAP net revenue, as well as customer satisfaction and people development metrics.