Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – Hewlett-Packard Company (NYSE:HPQ) board has been at the receiving end ever since it showed the door to its then all powerful CEO Mark Hurd for alleged omissions and commissions which went counter to the code of ethics set out by the company. A lot of water has flown under the bridge since then and the latest incumbent in the post of CEO Meg Whitman has been at the helm long enough for a proper review to be conducted on her track record over the past two years.
Such a exercise conducted by Hewlett-Packard Company (NYSE:HPQ) recently has apparently gone very well for the embattled executive if the $1.5 million hike that Ms Whitman has been awarded is any indication to depend upon. Since she came on board in 2011, the CEO has been toiling hard to turn around the fortunes of the storied hardware manufacturer, which many analysts in hindsight are blaming Mark Hurd to have damaged greatly due to his short sighted vision of cutting down cost even at the expense of falling behind in research and development.
Readers should note that for most part of her tenure at Hewlett-Packard Company (NYSE:HPQ) Meg Whitman pay was linked to the company performance and the fixed component was very limited. She had drawn a total take home of $372,599 in 2011 and $1.99 million in 2012. These included all stock options she earned as part of her performance bonus and other benefits.
Analysts are of the opinion that the hike in compensation for Meg Whitman is well deserved since she has managed to win back the confidence of investors as indicted by the close to 99 percent increase in the valuation of the stock of Hewlett-Packard Company (NYSE:HPQ) over the past 12 months. At current price points the stock is trading just 1.8 percent below its 52 week high price points.