Science News Headlines | Latest Science News Articles – Yahoo! India News: HP tightens severance policy for executives

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HP tightens severance policy for executives Dec 15th 2011, 08:41 (Reuters) - Hewlett-Packard Co , the world's biggest technology company by sales, has tightened its severance policy for executive officers following criticism over the exit packages awarded to its last two bosses. The U.S. group said in a securities filing on Wednesday the changes would be effective for terminations occurring after November 1, 2011. HP attracted a flurry of criticism earlier this year after former chief executive Leo Apotheker received nearly $10 million in severance and bonuses in September. Apotheker's predecessor Mark Hurd got an exit package estimated at about $34. ...

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