The following appears on USAToday.com
Meg Whitman may have been earning just a $1 salary at Hewlett-Packard, but she’ll be getting a fat raise this year.
Hewlett-Packard has been paying its CEO just $1 a year since she joined the troubled tech company in 2011. Now, thanks to the company’s turnaround, HP directors say she deserves $1.5 million, the company said in its annual proxy, filed Monday.
Overall, Whitman received compensation valued at $17.6 million last year, up 15% from $15.3 million in 2012.
Whitman’s 2013 compensation included $260,000 in incentive pay, stock valued at $4.3 million, stock options valued at $12.7 million and $275,300 in perks, including personal use of corporate aircraft valued at more than $250,000.
The former eBay CEO also gained $802,000 on previously awarded shares that became vested, Hewlett-Packard said.
