Compensation

Fat Bonuses Give the Lie to 'Shared Sacrifice'


"Cutting Salaries Instead of Jobs" (What's Next, June 8) states: "Uniform pay cuts can be felt as a shared sacrifice." But the issue of executive bonuses is completely ignored. Hewlett-Packard ( (HPQ)) gave its boss, Mark Hurd, a $23.9 million bonus last year. Is taking a 20% base salary cut with the left hand, while grabbing $23.9 million with the right, sharing the pain? Robert Harker,
Wayne, PA.

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Companies Mentioned

  • HPQ
    (Hewlett-Packard Co)
    • $39.06 USD
    • -0.10
    • -0.26%
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