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.
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.