Happy Christmas! HP CEO Meg Whitman In 150m% Salary Jump
Meg Whitman , chief executive at Hewlett-Packard, has received a 150 million per cent increase in her salary to what the company calls a “competitive” level. The increase sees her annual salary package rise to $1.5 million from a token $1. In 2011, when Meg Whitman was appointed chief executive of HP, it was relatively normal for heads of technology companies to accept an almost zero salary, given the financial climate.
Hewlett-Packard to Cut 30,000 Jobs in Revamp
Hewlett-Packard Chief Executive Meg Whitman plans a companywide restructuring that will include the elimination of about 30,000 jobs. Ben Worthen has details on The News Hub. Photo: AP.
Morning Stock Movers: Groupon Inc (NASDAQ: GRPN), Hewlett Packard Company (NYSE: HPQ)
Hewlett-Packard Company (NYSE: HPQ) on Thursday posted earnings of $1.4 billion, or 74 cents per share, beating Wall Street expectations. Still shares were flat after the announcement. Shares of HP on Friday edged down 0.98 percent to $93.73 in morning trading. Groupon Inc. (NASDAQ: GRPN) reported fourth-quarter earnings of 4 cents per share on revenue of $768 million, topping estimates, but shares fell after the company issued guidance below Wall Street estimates, sending the stock tumbling 16
Hewlett Packard: Troubled in 2012, Promising For 2013
Hewlett Packard is among those who stumbled badly. Not only did PCs take a backseat to tablets, but HP's previous CEO bought software maker Autonomy for more than $11 billion and later took an $8.8 billion write down. Since then, HP has laid out a recovery plan that could make it a comeback in 2013, according to James Awad, chairman of the wealth management firm, Plimsoll Mark Capital.
Hewlett-Packard to Shed Light on Turnaround in Quarterly Report
Hewlett-Packard will be in the spotlight after the close on Wednesday when the once-beleaguered tech company reports its quarterly results. Key elements of the report to watch will include HP's core software business, 3D printing and cloud segments, all areas the company has been focusing on that could be catalysts for HP going forward.
Hewlett-Packard Company Earnings
Hewlett-Packard Company on Tuesday beat Wall Street EPS and revenue expectations after the tech giant reported fiscal fourth-quarter earnings, excluding items, of $1.01 per share on revenue of $29.13 billion, compared with earnings of $1.16 a share on revenue of $29.96 billion a year ago.
CIO Network: Turning Around HP Vs. California
Meg Whitman, Hewlett-Packard CEO and former California gubernatorial candidate compared running a turnaround at HP with turning around the State of California at the CIO Network in San Diego, CA.
Hewlett-Packard Earnings, Revenue Top Street
Hewlett-Packard net income in the fiscal first quarter through Jan. 31 rose 16% to $1.43 billion, or 74 cents per share, from $1.23 billion, or 63 cents per share, a year earlier. Excluding restructuring and other charges, adjusted earnings came to 90 cents per share. Analysts polled by FactSet expected 85 cents. The company expects second-quarter adjusted earnings of 85 to 89 cents per share. The midpoint of that range is below the 89 cents analysts were forecasting.
Hewlett-Packard Beats Expectations
Emma Moody takes a look at which stocks traders will be watching during market action, including Hewlett-Packard, Time Warner Cable, and Infoblox. Photo: Getty Images.
Watch Hewlett-Packard's Earnings
Vince Cignarella takes a look at which stocks traders will be watching during market action, including Watch Hewlett-Packard, TiVo, and Zale.