HP's Hurd collects $8.6M bonus last year

Despite boardroom leak scandal, chairman and CEO Mark Hurd collected hefty bonus and salary of $1.4M.


NEW YORK (CNNMoney.com) -- Hewlett-Packard Chief Executive and Chairman Mark Hurd collected a handsome $8.6 million bonus in 2006, in a year that was marked by a company turnaround and a headline-grabbing boardroom scandal.

In a Securities and Exchange Commission filing, computer maker HP (up $0.40 to $42.71, Charts) revealed that in addition to his bonus, Hurd received an annual salary of $1.4 million.

mark_hurd.03.jpg
Hewlett-Packard Chairman and CEO Mark Hurd
NEWSMAKERS

The filing also revealed that Hurd received options on 500,000 shares of the company's stock.

Last year was particularly troubling for the Palo Alto, California-based as the company disclosed it spied on board members and journalists to identify the source of a boardroom leak to the media.

The scandal ultimately led to the dismissal of then-Chairman Patricia Dunn, who allegedly initiated the investigation into the leak, and several other HP employees.

Hurd denied his involvement, saying that he received a report that outlined the methods HP investigators used to locate the source of the leak but that he didn't read it.

Nevertheless, Hurd helped reinvigorate the PC maker following the departure of former company chief Carly Fiorina in February 2005.

Using cost-cutting measures, Hurd helped catapult HP into the top spot in the PC market over rival Dell (up $0.10 to $24.39, Charts), while shares of the company soared over 43 percent last year.


Bosses behaving badly Top of page

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.