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HPE’s Whitman Banks $35.6mil

HPE’s Whitman Banks $35.6mil

Hewlett Packard Enterprise CEO Meg Whitman received US$35.6 million in compensation for fiscal 2016 after restructuring the company amid growing competition from cloud-based service providers.

Despite the massive pay package Whitman has not explained why the HPE systems at the Australian Tax Office keeps crashing with the latest crash taking the tax office down for several days.

Whitman was given stock options worth $11.7 million, some of which are tied to share price goals, for the year ended October 31, figures released by HPE show.

She also got restricted shares worth $19 million that will be hers if she remains on the job through 2018 and meets certain performance targets.

Her pay package more than doubled from the prior year, when she ran Hewlett-Packard and orchestrated the split from sister company HP. Whitman also banked $1.5 million in salary and a $3.08 million bonus.



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