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Hewlett-Packard CEO's 2008 compensation $42.5 mln
January 21, 2009 / 9:42 AM / 9 years ago

Hewlett-Packard CEO's 2008 compensation $42.5 mln

Jan 21 (Reuters) - Hewlett-Packard Co (HPQ.N) Chief Executive Mark Hurd’s total compensation for fiscal year 2008 rose over 68 percent to about $42.5 million, the company said in a regulatory filing.

The compensation also included bonuses from previous years.

In a filing with the U.S. Securities and Exchange Commission on Tuesday, the world’s largest personal-computer maker said the compensation included salary of $1.45 million, a $5.3 million bonus, $12.9 million in stock awards and $18.6 million in non-equity incentive plan compensation.

The company proposed last week that it give shareholders a say in executive compensation from 2011, though their input would not be binding.

HP posted a 21 percent rise in fourth-quarter 2008 sales of notebook computers, and a near doubling in revenue from technology services thanks to its acquisition of Electronic Data Systems. (Reporting by Ajay Kamalakaran in Bangalore, editing by Will Waterman)

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