HP Enterprise CEO Meg Whitman got a $2.5 million pay cut last year
Andrew Burton/Getty Images
Most of the cut came from her bonus, or non-equity incentive plan, which went down from $4.3 million in 2014 to $2.5 million last year.
Her base salary remained the same at $1.5 million, but her stock and option awards also slightly dropped to $12.9 million, as HP Enterprise lost more than 25% of its stock value since its split in October.
That brings her total compensation to the levels of 2013, when she had a $1 base salary but more than $17 million in stock and option awards.
The filings said Whitman's performance last year was "above target," underscoring some of her accomplishments like HP's split into two companies and the $3 billion acquisition of Aruba Networks.
In 2015, Whitman led HP through a huge transformation that split the company into two entities: HP Enterprise, led by her, and HP Inc., a PC and printer company led by Dion Weisler for which Whitman is chairman of the board.
Meanwhile, HP finished 2015 with revenues down in every segment but the Enterprise Group. Its total revenue declined 7.3% to $103.3 billion from 2014, while its operating profit dropped from $7.2 billion in 2014 to $5.5 billion in 2015.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas