{"id":2661,"date":"2010-08-09T09:57:30","date_gmt":"2010-08-09T17:57:30","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=2661"},"modified":"2010-08-09T13:56:03","modified_gmt":"2010-08-09T21:56:03","slug":"how-much-severance-will-mark-hurd-get","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/how-much-severance-will-mark-hurd-get\/","title":{"rendered":"How much severance will Mark Hurd get?"},"content":{"rendered":"<p>The numbers in the papers:\u00a0 <a href=\"http:\/\/www.businessweek.com\/idg\/2010-08-07\/poor-mark-hurd-hp-severance-includes-12-2-million-cash-16-million-in-stock.html\">$28 million<\/a> to <a href=\"http:\/\/finance.yahoo.com\/news\/HP-CEO-Hurds-Severance-Pay-cnbc-1943661540.html?x=0&amp;sec=topStories&amp;pos=main&amp;asset=&amp;ccode=\">$40 million<\/a>.<\/p>\n<p>The right number:\u00a0 $12.2 million<\/p>\n<p>That is the amount he is entitled to under the company&#8217;s pre-negotiated &#8220;Severance Plan for Executive Officers of Hewlett-Packard Company.&#8221;\u00a0 All the rest is money he has already earned, and doesn&#8217;t deserve to be called &#8220;severance.&#8221;\u00a0 Severance is what a company pays someone to shut up and go away.\u00a0 It&#8217;s not what someone has already earned but not yet taken out of the company, generally for tax reasons.\u00a0 The media <a href=\"http:\/\/hodakvalue.com\/blog\/?p=147\">gets this wrong<\/a> all the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The numbers in the papers:\u00a0 $28 million to $40 million. The right number:\u00a0 $12.2 million That is the amount he is entitled to under the company&#8217;s pre-negotiated &#8220;Severance Plan for Executive Officers of Hewlett-Packard Company.&#8221;\u00a0 All the rest is money he has already earned, and doesn&#8217;t deserve to be called &#8220;severance.&#8221;\u00a0 Severance is what a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,25],"tags":[],"class_list":["post-2661","post","type-post","status-publish","format-standard","hentry","category-executive-compensation","category-reporting-on-pay"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=2661"}],"version-history":[{"count":3,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2661\/revisions"}],"predecessor-version":[{"id":2675,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2661\/revisions\/2675"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=2661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=2661"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=2661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}