atans1

Miss targets, get bonus

In Corporate governance, Uncategorized on 12/03/2016 at 12:49 pm

No not PAP ministers, senior civil servants or managers at GLCs; it’s an American listco and once tech giant founded by Hewlett and Packard. No wonder angry Americans want a billionaire outsider to be president. He hates corporate bureaucracy. He runs his biz with the help of family members.

During HP’s last year as a single company, it missed every financial target set by the compensation committee. But the board gave CEO Meg Whitman and her most senior¬†lieutenants got most of their bonus. Discretion loh.

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