"Despite the missteps that got him fired, Apotheker still will get a $2.4 million bonus later this year under HP's "pay-for-results" plan, according to a company filing Thursday with the Securities and Exchange Commission. Apotheker also will receive $7.2 million in severance payments over the next 18 months and the vesting rights to 156,000 shares of restricted stock currently worth about $3.7 million.
The value of Apotheker's other stock awards will depend on how the company fares in the next few years. Apotheker, who moved from Europe to work at HP's Palo Calif. headquarters, apparently will be watching how the company does without him from abroad. HP also is paying his relocation expenses to France or Belgium, and will cover up to $300,000 on any loss that he suffers from the sale of his California home. "