February 14, 2020 / 10:08 PM / 4 days ago

IN BRIEF: HPE legal chief's pay rose to above $7.2 mln in 2019

The chief legal officer of Hewlett Packard Enterprise Co received a 12.7% pay boost in 2019 compared to 2018, an increase mostly tied to his receiving more stock awards, in a year where the technology solutions company’s revenue slightly declined.

HPE CLO John Schultz’s total compensation in 2019 was more than $7.2 million, the company said in its proxy filing with the U.S. Securities and Exchange Commission on Thursday. His stock award pay rose nearly 30% to $5.28 million, the filing said, but his nonequity incentives, a post-Dodd Frank form of cash pay, dropped nearly 27% to $1.16 million.

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