MikeV Posted March 18, 2010 Share Posted March 18, 2010 I had to work a security special event yesterday at the Computer History Museum in Mountain View, CA and it was interesting. I watched over the executives vehicles and directed other Hewlett Packard executives where to go to their meeting. They had a parking spot in front for the CEO's car and I had to move an orange cone for him as he pulled into the spot. It must be nice to be able to afford a black Mercedes Benz S550 that lists for $91,000 huh? I found this and now understand why he drives such a nice car. This guy is loaded! From Wikipedia: "The New York Times reports that in 2008 Hurd's total compensation was $33,952,237, including a base salary of $1,450,000, stock awards of $7,907,660, a cash bonus of $23,931,882 (the largest bonus of any CEO in 2008), and $662,695 in perks and other compensation. The independent web site The Globe Opinion reports Hurd's 2008 compensation as $42,514,524." Wow! :unsure: Quote Link to post Share on other sites
Harv Posted March 18, 2010 Share Posted March 18, 2010 ...The REAL irony is that I betcha the guy didn't have to 'afford' that M-B; it was probably a 'perk' that is being covered in the cost of all those many dollars of compensation. That is the killer with these sorts of deals- folks who get paid millions in salary, millions more in bonuses, more millions in 'compensation packages', etc. - which they get to invest or otherwise spend in a 'discretionary' way- While most of us struggle to pay for all we need (transportation, healthcare, housing, food, etc.) out of a single paycheck with far fewer zeros & commas, so very little is left to invest for future growth or to set aside for retirement. Quote Link to post Share on other sites
richter111 Posted March 18, 2010 Share Posted March 18, 2010 Hey times are tight all over if all he can afford is a 91K Mercedes. Quote Link to post Share on other sites
HOLMES Posted March 18, 2010 Share Posted March 18, 2010 ...I wonder if he has any ex girlfriends wanting a part of that money... Quote Link to post Share on other sites
blunce Posted March 18, 2010 Share Posted March 18, 2010 A big spender, he really splurged on a $91,000 car. Hope he doesn't have to eat at McD's to afford that car. Quote Link to post Share on other sites
datahiker Posted March 18, 2010 Share Posted March 18, 2010 ...The REAL irony is that I betcha the guy didn't have to 'afford' that M-B; it was probably a 'perk' that is being covered in the cost of all those many dollars of compensation. That is the killer with these sorts of deals- folks who get paid millions in salary, millions more in bonuses, more millions in 'compensation packages', etc. - which they get to invest or otherwise spend in a 'discretionary' way- While most of us struggle to pay for all we need (transportation, healthcare, housing, food, etc.) out of a single paycheck with far fewer zeros & commas, so very little is left to invest for future growth or to set aside for retirement. That's the case where I work (although on a much smaller scale). The executives get to pick a car and the company leases it for them. They change their choices frequently. And this is after a 50% reduction in staff, cuts to benefits and no raises for two years. Bitter much? Yup. Quote Link to post Share on other sites
Raptor01 Posted March 18, 2010 Share Posted March 18, 2010 When you outsource your labor costs and insource your engineering costs there is a huge profit to be made. Why not compensate the management team for these gains. (Tongue in cheek). Aren't there 8 counties in the L.A. area that are at 20% unemployment? http://cohort11.americanobserver.net/latoy...mediafinal.html Be thankful you have a job, don't get sick, hope your policy is honored by the insurance company, someone in the USA is out of touch and I don't think it is Everyday People. John Quote Link to post Share on other sites
Spongebob Posted March 18, 2010 Share Posted March 18, 2010 Well, since HP earns 3x as much per year as it did before he took over (or abaout $20 billion over the 4 years he's been CEO, more than HP's previous CEO could pull in), I'd say it's a good investment. I'd bet he works a few more than 40 hours a week too. Spongebob Quote Link to post Share on other sites
Gundamhead Posted March 18, 2010 Share Posted March 18, 2010 Remember when companies used to share some of their profitable years with the employees who made it happen? Quote Link to post Share on other sites
Kalashnikov-47 Posted March 18, 2010 Share Posted March 18, 2010 (edited) I'm too busy living my own life to worry or care about how much money these people make or what they do with their lives or even whether it's justified or not. I like my jeep just fine. Edited March 18, 2010 by Kalashnikov-47 Quote Link to post Share on other sites
gaz262 Posted March 19, 2010 Share Posted March 19, 2010 Wish I had a small fraction of his earnings! All I want is a Harley! Gaz Quote Link to post Share on other sites
Wayne S Posted March 19, 2010 Share Posted March 19, 2010 Must of been his kids car? Either that or The rental company was out of 2 digit Benzs. Quote Link to post Share on other sites
Pickles Posted March 19, 2010 Share Posted March 19, 2010 When this so-called economy was tanking, car dealers out east were desperate for sales. A buddy of mine got a 95k Mercedes for some 40k and his wife a LandRover for less. It can be had even for the minions like us. Btw, it was a nice car to drive, even though a Mercedes isn't my car of choice to drive. Quote Link to post Share on other sites
MikeV Posted March 19, 2010 Author Share Posted March 19, 2010 Well, since HP earns 3x as much per year as it did before he took over (or abaout $20 billion over the 4 years he's been CEO, more than HP's previous CEO could pull in), I'd say it's a good investment. I'd bet he works a few more than 40 hours a week too.Spongebob Very true. The man is a genius and one of the best CEO's out there from what I have read. Hey, more power to him! I know that HP is the only printer I will ever buy. Quote Link to post Share on other sites
MikeV Posted March 19, 2010 Author Share Posted March 19, 2010 All I want is a Harley!Gaz Why? Do you like oil on your driveway? Quote Link to post Share on other sites
GreyGhost Posted March 19, 2010 Share Posted March 19, 2010 Very true. The man is a genius and one of the best CEO's out there from what I have read. Hey, more power to him! I know that HP is the only printer I will ever buy. Why, do you like ink on your desk ? Maybe the guy LIKES that particular Benz ... Gregg Quote Link to post Share on other sites
MikeV Posted March 19, 2010 Author Share Posted March 19, 2010 Why, do you like ink on your desk ? I have never seen a better built printer, have you? My older 932C has been flawless for many years. Quote Link to post Share on other sites
GreyGhost Posted March 19, 2010 Share Posted March 19, 2010 I have never seen a better built printer, have you? My older 932C has been flawless for many years. It was a pun on what you wrote about Harleys ... HPs are nice but I do prefer Canon printers ... Gregg Quote Link to post Share on other sites
MikeV Posted March 19, 2010 Author Share Posted March 19, 2010 It was a pun on what you wrote about Harleys ... HPs are nice but I do prefer Canon printers ... Gregg It's all good. Harley's really are as bad as I joked about though. It's amazing how the masses buy such junk because of some supposed legend. :lol: Quote Link to post Share on other sites
Wayne S Posted March 19, 2010 Share Posted March 19, 2010 It's all good. Harley's really are as bad as I joked about though. It's amazing how the masses buy such junk because of some supposed legend. ;) I beg to differ they make a pretty good product since about the mid 80s. Quote Link to post Share on other sites
B-1 Nut Posted March 20, 2010 Share Posted March 20, 2010 Remember when companies used to share some of their profitable years with the employees who made it happen? Who's saying HP doesn't? Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.