HP Paid Whitman $17 Million in 2011...And Apotheker $30 Million (HPQ)

Meg Whitman famously makes a salary of $1.But all told, the company has plunked out almost $47 million in CEO pay in 2011, with Whitman making $16.5 million and Apotheker $30.4 million, including a $6.4 million bonus.Thats according to HP's annual proxy statement released today. (PDF here.)Apotheker earned a base salary of $1.1 million, plus a $6.4 million bonus and another $17.6 million in stock. But he also earned a mysterious roughly $5.2 million in "other compensation."Could that have been his golden parachute for 11 months worth of work?Whitman, who took the CEO role at the end of September, got her pay in a hefty $16.5 million stock award and $372,598 in the mysterous "other compensation category."Should Whitman tank and be shown the door, she can't expect the kind of money that Apotheker was handed. Last December, the board limited the payouts for an exiting CEO.While ex-CEOs will still be eligible for annual bonuses, they won't be awarded any one-time bonuses, HP's SEC documents revealed. Plus, executives will get a series of payments, not a lump sum, and those payments will be dependent on not doing something like violating a not-to-compete agreement and immediately taking up with a competitor.Please follow SAI: Enterprise on Twitter and Facebook.Join the conversation about this story »See Also:HP's Big Mobile Experiment Is In The Hands Of These GuysHP Loses Its Second Board Member This MonthThe Chief Architect Of WebOS Is Out At HP

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