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Meg Whitman's payday for first year at HP: $15M

Published on NewsOK Modified: January 12, 2013 at 10:32 am •  Published: January 12, 2013

Shareholders gained another victory with this report. HP is recommending that shareholders vote for a proposal that would give some shareholders the right to nominate their own candidates for the board of directors, something that certain shareholders had been pushing for.

The 2012 fiscal year, which ended Oct. 31, was one riddled with problems. HP had to take a massive write-down on the value of a British software business it had bought, Autonomy, and faces shareholder lawsuits and government investigations over Autonomy's accounting practices. HP lost nearly $13 billion for the fiscal year, revenue slipped, and the shares lost nearly half of their value, falling to $13.85 from $26.61.