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HP Pay cut
In an email timed with the quarterly results Mark Hurd announced across the board pay cuts for virutually all employees. Hurd takes a 20% cut, most of the executives take 10 or 15. Exempt employees take 5%. Non-exempt 2.5%.

Details on when this becomes effective haven't been announced.
Posted by: radslnshutchence@...   Posted on: 02/18/09 You are currently: a Guest | Members login | Terms of Use

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HP Pay cut  radslnshutchence@... | 02/18/09
As one personally affected  Lt. Dan | 02/19/09
HP doesn't want top talent, they want cheap labor  terry flores | 02/19/09
RE: HP?s mixed bag: Sales weak across all units, earnings on target; Outlook weaker than expected  dcsos | 02/19/09
Reaction to current market situation  muru_apr@... | 02/20/09
Standing with a CEO who made 42M last year!  KO from TO | 02/21/09
Not content to make money...  konkreet | 02/22/09

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