Hurd came to Hewlett-Packard in 2005 in the wake of its rocky Compaq acquisition with a mission to rebuild the company's battered sales and image. Known for ruthless cost-cutting, he has also succeeded in growing sales: Last year, HP's revenue surpassed that of archrival IBM. In return, Hurd took home a 2008 cash bonus of $23.9 million, the largest of any CEO in research firm Equilar's survey of 200 top public company executives.
Hurd's paycheck will be shrinking this year. After years of cutting staff at HP, he switched tactics in February and said that instead of further mass layoffs, he would instead cut the base pay of every HP staffer. The salary cuts ranged from 2.5% to 15%, with Hurd cutting his own salary 20%.
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