© 2024 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
CAPE FEAR MEMORIAL BRIDGE CLOSURE: UPDATES, RESOURCES, AND CONTEXT

HP Tightens Severance Policy For Executives

RENEE MONTAGNE, HOST:

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.