© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
TECHNOTE: 90.5 FM and AM870 reception

HP Tightens Severance Policy For Executives


NPR's business news starts with a smaller golden parachute at HP.

Hewlett Packard is tightening its severance policy for executives. The company has been under fire for the golden parachutes it's awarding its outgoing CEOs. A chief let go earlier this year received nearly $10 million in severance and bonuses for what was less than a year's work. And the CEO fired before that received nearly $35 million when he left.

The new policy affects how severance is calculated and how it's paid. Transcript provided by NPR, Copyright NPR.

To help strengthen our local reporting as WKAR's fiscal year ends, we need 75 new or upgraded sustainers by June 30th. Become a new monthly donor or increase your donation to support the trustworthy journalism you'll rely on before Election Day. Donate now.