Speaking of obscenity . . .

[unixronin]

Well, we weren't, but we will.  Carly Fiorina's salary, specifically.

Get this:  She took home a salary of $1.4 million, up from $1 million in 2001 and 2002.  She took home a bonus of $2.1 million on top of that, down from $2.9 million in 2002.  She also raked in 700,000 shares in stock options, and declined an additional retention bonus of $2 million that she was eligible for.

And on top of this, she received an additional $170,000 -- probably two to four people's salaries depending on deniority and location -- in "other compensation", including "payment for company-required personal use of HP aircraft" (such a hardship, that, having to fly the brand-new corporate Lears, or was it Gulfstreams, instead of flying cattle-class on Southwest with the rest of us mere peons) and mortgage assistance?!?!?

Lemme see if I have this straight. She pulls down $3.4 million in combined salary and bonus, and she needs mortgage assistance?  What's she doing, buying the frelling Palace at Versailles?

Comments

[technoshaman.livejournal.com]

No, just living in California, where a quarter-mil will get you a ramshackle dump of a house way the flip out in Sonoma County...

*sigh* My folks paid $39,900 for their house. These days, this coast, that's a good sized *down payment*.

Sure, Carly's take is outrageous. I'm not arguing that. I'm just venting about what the dot-boom has done to the owner-housing market in the past fifteen years. (At least the *rents* are going down... )

[unixronin.livejournal.com]

Yeah, the cost of living in CA has become outrageous. But still, we had a pretty damn nice house out in Tracy, and Carly's "mortgage assistance" would have paid our house off in two years. I can't imagine spending enough on living space that, pulling down $3.4 million a year, the ends still don't meet.

[ttocs.livejournal.com]

Who says the ends don't meet?

One thing I've noticed is that people who have lots of money, don't let opportunities slide. if HPAQ has a program for mortgage assistance to help the people with low salaries, they probably just didn't add a salary cap to it. Granted she should be fixing that not taking advantage of it, but it's a "perk" to working for HPAQ that there is mortgage assistance available.

Tough luck to people making reasonabl eincomes that don't look for the extra dimes available.

[unixronin.livejournal.com]

You have a point, but IMHO things like this should be based on real need, not on "Well, the rules don't technically say we CAN'T give it to you...."

[ttocs.livejournal.com]

Yes.

As I said, as CEO she should be FIXING the lack of salary cap/need adjustment not taking advantage of it.

Yes.