HP Chairman uses MBA

[eagandale4114]

Check this out from 9to5mac:
http://9to5mac.com/2011/11/22/hp-chairman-is-a-mac-user/

 

[altecXP]

Actually:
CNet
BusinessInsider
Neowin

All had this over 6hrs before 9to5. Also he's a chairman. It's not like he's on HP's payroll.

 

[Moyank24]

Actually:
CNet
BusinessInsider
Neowin

All had this over 6hrs before 9to5. Also he's a chairman. It's not like he's on HP's payroll.

Exactly. I saw this on Twitter yesterday afternoon.

 

[stockscalper]

Actually:
CNet
BusinessInsider
Neowin

All had this over 6hrs before 9to5. Also he's a chairman. It's not like he's on HP's payroll.

If he is Chairman of the board, then he is on HP's payroll. Board Chairman pull down big bucks these days, not to mention other corporate perks.

 

[Internaut]

Board Chairman pull down big bucks these days, not to mention other corporate perks.

One of which is a MacBook Air, apparently.......

 

[ZipZap]

If he is Chairman of the board, then he is on HP's payroll. Board Chairman pull down big bucks these days, not to mention other corporate perks.

While its true HP may be paying him to be on the board, he may also have another job or sit on multiple boards.

 

[KPOM]

If he is Chairman of the board, then he is on HP's payroll. Board Chairman pull down big bucks these days, not to mention other corporate perks.

From HP's proxy last year:

On September 30, 2010, the Board elected Mr. Lane to serve as a director of HP and designated Mr. Lane as non-executive Chairman of the Board effective November 1, 2010, the first day of HP's 2011 fiscal year. In connection therewith, the Board approved an equity retainer that was awarded to Mr. Lane following the end of fiscal 2010 consisting of 45,000 restricted stock units, one-third of which will vest on the first anniversary of the date of grant and two-thirds of which will vest on the third anniversary of the date of grant, with any unvested units to be forfeited in the event that Mr. Lane's service as non-executive Chairman terminates prior to the full vesting of the award. No other compensation will be paid to Mr. Lane for his service on the Board from November 1, 2010 until the annual meeting. If Mr. Lane is re-elected to the Board at that meeting, his compensation for service as a director and as non-executive Chairman thereafter will be established as part of the Board's regular annual review of director compensation.

At HP's current share price, that's about $1.2 million over three years (15,000 shares on 9/30/11, and 30,000 shares on 9/30/13).