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Léo Apotheker was the CEO of HP (Hewlett-Packard) from November 2010 until September 2011. Before joining HP, he had a solid background in technology with significant experience at SAP, where he rose through the ranks to become CEO. He was...

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Léo Apotheker

Ex-CEO of HP

Education

Not Available

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

November 30, 1952 - 72 years ago

CEO of HP for

0 years 0 months (Sep 2011 - Sep 2011)

Previous Experience

Not Available

Holdings

See how much did Léo Apotheker make over time.

Léo Apotheker's recent trading history indicates an active management of his investments. Between February and September 2024, he engaged in various trades, notably purchasing and selling valued at roughly $247K to $718K. It's clear that he is keeping a close...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Léo Apotheker make over time.

In 2011, Léo Apotheker's total compensation package at HP hit a striking $30.4 million. This figure included a base salary of about $1.15 million, a significant bonus of $6.4 million, and over $3 million in stock options and other benefits. Notably, a large portion of his bonus stemmed from a signing fee linked to his recruitment and an additional payment related to his exit deal from SAP. Apotheker’s compensation plan was heavily tied to his performance metrics, reflecting HP's strategy to align CEO pay with company success. During his brief tenure, the decision to structure his pay this way was debated, especially given the company’s shifting fortunes at the time. Combining a hefty salary with performance-based incentives underscores the high expectations placed on leaders in tech companies who are facing intense competition and rapid change.

Year

2011

Total Compensation

$16.31M

Salary

$1.15M

Board Justification

HP's compensation philosophy is to align executive compensation with performance, targeting compensation levels within a competitive range of the market median, provided performance goals are met.

Bonus

$6.40M

Board Justification

The fiscal 2011 bonus amount for Mr. Apotheker represents a $4,000,000 signing bonus paid under the terms of his employment agreement and a $2,400,000 bonus paid under the terms of his separation agreement.

Other

$5.20M

Board Justification

Other compensation includes relocation expenses, security services, legal fees, personal aircraft usage, and a reimbursement for foregone non-competition payments.

Restricted Stock

$3.56M(156K restricted stock)

Board Justification

The vested stock represents 156,000 shares of restricted stock that were accelerated under the terms of his separation agreement.

Performance Metrics

The performance metrics for the CEO include adjusted non-GAAP net earnings and adjusted non-GAAP net revenue, as well as customer satisfaction and people development metrics.

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