- Italy : Negociations finalised. Information meeting to all managers having employees in Italy planned by HR on 18th of January from 10 to 12pm around packages and departures procedure
- Spain : Phase by phase approach. Next consultation phase will be defined
- Germany : Negociations almost finalised, working on social criterias for departure
- France : Negociations started, waiting the end of consultation phase.
- Belgium : Negociations on going. As soon as WC nego are concluded, notification preliminary date if negociations are going fine still planned for Feb 06.
- Sweden, Norway, Finland : HR should have all the data & the business now. In Finland, they will present all consolidated information (all HP businesses) in January. In Norway and Finland, it is done on a regular basis.
- Netherlands : On going
- Austria : Negociations are closed.
- Switzerland : On-going
- UK : 90 days consultation period is finalised. Process of notification will start soon.
Information will be posted on an going basis on : http://hpfwfr.free.fr/Wfr_2005.htm
Tomorrow (Friday) people will know if they will be laid off or no. Package and conditions are almost clear like 1 year with 80% of your salary waiting a new job and then the package (max 270 000 euros)representing a bit more than 1 month of salary per year in HP. like me, 25 years in HP, 200 000 euros.
Hewlett-Packard CEO Hurd Got $5.95 Million ´05 Salary And Bonus
01-23-06 06:15 PM EST WASHINGTON -(Dow Jones)- Hewlett-Packard Co. (HPQ) paid Chief Executive and President Mark V. Hurd$5.95 million in salary and bonus for its fiscal year ended Oct. 31. Hurd, a corporate turnaround expert brought in to replace ousted Chief Executive Carly Fiorina in March last year, was also rewarded with $8.68 million in restricted stock and 1.15 million in options, according to a proxy filed with the Securities and Exchange Commission Monday. The Palo Alto, Calif., computer maker also spent about $500,000 in tax reimbursement, aircraft use and security services for Hurd, the proxy said. Corrected January 23, 200618:32 EST (23:32 GMT) Hewlett-Packard´s Chief Executive Mark V. Hurd received 1.15 million options. ("Hewlett-Packard CEO Hurd Got $5.95M ´05 Salary And Bonus," published at 5:29 p.m. EST, incorrectly stated that Hurd received $1.15 million worth of options.) Hurd, who came to Hewlett-Packard from NCR Corp. (NCR), also received $5 million in "price protections" to defray the loss he took when his NCR stock declined in value after his departure, according to the proxy. Hurd also received about $3 million in relocation benefits and a $2 million signing bonus from Hewlett-Packard.
Channel Is that an impressive package in your pocket?
By Guy Matthews: mardi 24 janvier 2006, 11:39
WELL, quality doesn’t come cheap. HP CEO Mark Hurd was paid a titanic $5.95 million in salary and bonus during the fiscal year ended October 31, says the vendor. Hurd was drafted in to succeed sacked chief exec Carly Fiorina in March last year. In addition to salary and bonus, Hurd also got $8.68 million in restricted stock and 1.15 million options, all this information revealed in a report filed with the Securities and Exchange Commission.
It doesn’t end there. HP paid an additional $500,000 in tax reimbursement, aircraft use and security services for Hurd. If you want the best, you don’t pay peanuts. ยต
COMMON STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information, as of December 31, 2005, concerning beneficial ownership by: • holders of more than 5% of HP’s common stock, • HP directors and nominees and each of the named executive officers set forth in the Summary Compensation Table on page 37, and • current directors and HP executive officers as a group. The information provided in the table is based on HP’s records, information filed with the SEC and information provided to HP, except where otherwise noted. The number of shares beneficially owned by each entity or individual is determined under SEC rules, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the entity or individual has sole or shared voting power or investment power and also any shares that the entity or individual has the right to acquire as of March 1, 2006 (60 days after December 31, 2005) through the exercise of any stock option or other right. Unless otherwise indicated, each person has sole voting and investment power (or shares such powers with his or her spouse) with respect to the shares set forth in the following table. BENEFICIAL OWNERSHIP TABLE Amount of Nature of Percent of Name of Beneficial Owner Beneficial Ownership Beneficial Ownership(1) Class Beneficial Owners of More than 5% Capital Research and Management Company . . . 156,949,130(2) 5.6% 333 South Hope Street, 55th Floor Los Angeles CA 90071 Current Directors and Nominees: Lawrence T. Babbio, Jr. . . . . . . . . . . . . . . . . . . . . 28,028 Direct 117,801 Vested Options 145,829 * Sari M. Baldauf . . . . . . . . . . . . . . . . . . . . . . . . . 0 * Patricia C. Dunn . . . . . . . . . . . . . . . . . . . . . . . . . 65,996 Direct 40,000 Vested Options 105,996 * Richard A. Hackborn . . . . . . . . . . . . . . . . . . . . . . 40,239 Direct 40,000 Vested Options 80,239 * John H. Hammergren . . . . . . . . . . . . . . . . . . . . . 1,708 Direct 2,600 Indirect(3) 4,308 * 33
Dr. George A. Keyworth II . . . . . . . . . . . . . . . . . . 8,080 Direct 4,250 Indirect(4) 104,136 Vested Options 116,466 * Thomas J. Perkins . . . . . . . . . . . . . . . . . . . . . . . . 51,137 Direct 509,790 Indirect(5) 101,507 Vested Options 662,434 * Robert L. Ryan . . . . . . . . . . . . . . . . . . . . . . . . . . 14,723 Direct 14,723 * Lucille S. Salhany . . . . . . . . . . . . . . . . . . . . . . . . 23,720 Direct 129,044 Vested Options 152,764 * Current Directors, Nominees and Named Executive Officers: Mark V. Hurd . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Direct 400,000 * Robert P. Wayman . . . . . . . . . . . . . . . . . . . . . . . . 166,774 Direct 119,058 Indirect(6) 1,657,114 Vested Options 1,942,946 * Current Named Executive Officers: R. Todd Bradley . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Direct 100,000 * Vyomesh I. Joshi . . . . . . . . . . . . . . . . . . . . . . . . . 205,387 Direct 52,313 Indirect(7) 826,352 Vested Options 1,084,052 * Ann M. Livermore . . . . . . . . . . . . . . . . . . . . . . . . 164,275 Direct 3,823 Indirect(8) 2,130,490 Vested Options 2,298,588 * Randall D. Mott . . . . . . . . . . . . . . . . . . . . . . . . . 285,050 Direct 285,050 All current directors and executive officers as a group (23 persons) . . . . . . . . . . . . . . . . . . . . . . 10,183,997 (9)(10) * 34 Amount of Nature of Percent of Name of Beneficial Owner Beneficial Ownership Beneficial Ownership(1) Class Former Directors and Named Executive Officers: Carleton S. Fiorina(11) . . . . . . . . . . . . . . . . . . . . . 852,914 Direct 3,815,852 Vested Options 4,668,766 * Michael J. Winkler(12) . . . . . . . . . . . . . . . . . . . . . 60,511 Direct 4,679 Indirect(13) 1,449,187 Vested Options 1,514,377 * * Represents holdings of less than one percent. (1) Pursuant to Rule 13d-3(d)(1) of the Exchange Act, ‘‘Vested Options’’ are options that may be exercised as of March 1, 2006 (60 days after December 31, 2005). (2) On its Schedule 13G filed February 14, 2005, Capital Research and Management Company, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, reported the beneficial ownership of 156,949,130 shares, or 5.2% of the 3,019,899,000 shares then outstanding, as a result of acting as investment adviser to various investment companies registered under Section 8 of the Investment Company Act of 1940. In its Schedule 13G filed February 14, 2005, Capital Research and Management Company disclaimed beneficial ownership pursuant to Rule 13d-4. (3) 2,600 shares are held by the Hammergren Family Trust. (4) 4,250 shares are held by Dr. Keyworth’s wife. (5) 160,945 shares are held by the Thomas J. Perkins Ttee Frank Caufield Ttee UAD 12/14/72 Perkins Bypass Trust C and 348,541 shares are held by TJ Perkins & F Caufield Ttees Survivors Trust A U/A dated 11/13/1987. Mr. Perkins serves as co-trustee of both trusts. The foregoing shares have been pledged to a securities broker pursuant to the terms of prepaid variable equity forward contracts established in May 2004 when Mr. Perkins was not a director or affiliate of HP. Mr. Perkins does not have voting or investment power with respect to the shares held by these trusts as a result of the foregoing arrangements. In addition, a trust for the benefit of Mr. Perkins’ daughter also owns 304 shares. (6) 21,096 shares are held by Mr. Wayman in the HP 401(k) Plan, 95,142 shares are held by the Wayman Family Trust and 2,820 shares are held for the benefit of Mr. Wayman’s son. (7) 52,313 shares are held by Mr. Joshi in a living trust. (8) 3,823 shares are held by Ms. Livermore in the HP 401(k) Plan. (9) Includes an aggregate of 7,261,825 shares that the current directors and executive officers have the right to acquire as of March 1, 2006. (10) Includes an aggregate of 7,984,215 shares held by current directors and executive officers in fiduciary or beneficial capacities. (11) Ms. Fiorina terminated as Chairman and Chief Executive Officer and resigned as a director on February 8, 2005. (12) Mr. Winkler retired on November 7, 2005. (13) 4,679 shares are held by Mr. Winkler in the HP 401(k) Plan. 35
I was informed Monday evening by phone that I was on WFR and Tuesday that I needed to leave HP at the end of this month; difficult to understand and accept after 26 years at HP, especially considering the positive messages from my management. This leaves me an extremely short time to say goodbye, however, I will try to arrange a farewell party (no cards, no gifts, no regrets) in the upcoming days; message will follow shortly with new email address and phone number.
I don't wish anyone the same fate. Good luck ! Kind regards,
I discovered lately this blog. What's a pity! Is this a link that we can forward to any colleages? I heard from German colleagues that on Friday Januaty 20th, it was a really hard day. It should be interesting to have a more detailed feed-back from there, explaining the way the designations have been made.
10 comments:
- Italy : Negociations finalised.
Information meeting to all managers having employees in Italy planned by HR on 18th of January from 10 to 12pm around packages and departures procedure
- Spain : Phase by phase approach. Next consultation phase will be defined
- Germany : Negociations almost finalised, working on social criterias for departure
- France : Negociations started, waiting the end of consultation phase.
- Belgium : Negociations on going. As soon as WC nego are concluded, notification preliminary date if negociations are going fine still planned for Feb 06.
- Sweden, Norway, Finland :
HR should have all the data & the business now. In Finland, they will present all consolidated information (all HP businesses) in January. In Norway and Finland, it is done on a regular basis.
- Netherlands : On going
- Austria : Negociations are closed.
- Switzerland : On-going
- UK : 90 days consultation period is finalised. Process of notification will start soon.
Information will be posted on an going basis on : http://hpfwfr.free.fr/Wfr_2005.htm
Tomorrow (Friday) people will know if they will be laid off or no. Package and conditions are almost clear like 1 year with 80% of your salary waiting a new job and then the package (max 270 000 euros)representing a bit more than 1 month of salary per year in HP.
like me, 25 years in HP, 200 000 euros.
Good news in France.
The layoff plan will be delayed because the election of the representatives of HP CCF has been cancelled by a French juridiction.
Hewlett-Packard CEO Hurd Got $5.95 Million ´05 Salary And Bonus
01-23-06 06:15 PM EST
WASHINGTON -(Dow Jones)- Hewlett-Packard Co. (HPQ) paid Chief Executive and President Mark V. Hurd$5.95 million in salary and bonus for its fiscal year ended Oct. 31.
Hurd, a corporate turnaround expert brought in to replace ousted Chief Executive Carly Fiorina in March last year, was also rewarded with $8.68 million in restricted stock and 1.15 million in options, according to a proxy filed with the Securities and Exchange Commission Monday.
The Palo Alto, Calif., computer maker also spent about $500,000 in tax reimbursement, aircraft use and security services for Hurd, the proxy said.
Corrected January 23, 200618:32 EST (23:32 GMT)
Hewlett-Packard´s Chief Executive Mark V. Hurd received 1.15 million options.
("Hewlett-Packard CEO Hurd Got $5.95M ´05 Salary And Bonus," published at 5:29 p.m. EST, incorrectly stated that Hurd received $1.15 million worth of options.)
Hurd, who came to Hewlett-Packard from NCR Corp. (NCR), also received $5 million in "price protections" to defray the loss he took when his NCR stock declined in value after his departure, according to the proxy.
Hurd also received about $3 million in relocation benefits and a $2 million signing bonus from Hewlett-Packard.
HP's Hurd trousers millions
Channel Is that an impressive package in your pocket?
By Guy Matthews: mardi 24 janvier 2006, 11:39
WELL, quality doesn’t come cheap. HP CEO Mark Hurd was paid a titanic $5.95 million in salary and bonus during the fiscal year ended October 31, says the vendor.
Hurd was drafted in to succeed sacked chief exec Carly Fiorina in March last year. In addition to salary and bonus, Hurd also got $8.68 million in restricted stock and 1.15 million options, all this information revealed in a report filed with the Securities and Exchange Commission.
It doesn’t end there. HP paid an additional $500,000 in tax reimbursement, aircraft use and security services for Hurd. If you want the best, you don’t pay peanuts. ยต
http://www.theinquirer.net/?article=29217
COMMON STOCK OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth information, as of December 31, 2005, concerning beneficial ownership
by:
• holders of more than 5% of HP’s common stock,
• HP directors and nominees and each of the named executive officers set forth in the Summary
Compensation Table on page 37, and
• current directors and HP executive officers as a group.
The information provided in the table is based on HP’s records, information filed with the SEC and
information provided to HP, except where otherwise noted.
The number of shares beneficially owned by each entity or individual is determined under SEC rules,
and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such
rules, beneficial ownership includes any shares as to which the entity or individual has sole or shared voting
power or investment power and also any shares that the entity or individual has the right to acquire as of
March 1, 2006 (60 days after December 31, 2005) through the exercise of any stock option or other right.
Unless otherwise indicated, each person has sole voting and investment power (or shares such powers with
his or her spouse) with respect to the shares set forth in the following table.
BENEFICIAL OWNERSHIP TABLE
Amount of Nature of Percent of
Name of Beneficial Owner Beneficial Ownership Beneficial Ownership(1) Class
Beneficial Owners of More than 5%
Capital Research and Management Company . . . 156,949,130(2) 5.6%
333 South Hope Street, 55th Floor
Los Angeles CA 90071
Current Directors and Nominees:
Lawrence T. Babbio, Jr. . . . . . . . . . . . . . . . . . . . . 28,028 Direct
117,801 Vested Options
145,829 *
Sari M. Baldauf . . . . . . . . . . . . . . . . . . . . . . . . . 0 *
Patricia C. Dunn . . . . . . . . . . . . . . . . . . . . . . . . . 65,996 Direct
40,000 Vested Options
105,996 *
Richard A. Hackborn . . . . . . . . . . . . . . . . . . . . . . 40,239 Direct
40,000 Vested Options
80,239 *
John H. Hammergren . . . . . . . . . . . . . . . . . . . . . 1,708 Direct
2,600 Indirect(3)
4,308 *
33
Dr. George A. Keyworth II . . . . . . . . . . . . . . . . . . 8,080 Direct
4,250 Indirect(4)
104,136 Vested Options
116,466 *
Thomas J. Perkins . . . . . . . . . . . . . . . . . . . . . . . . 51,137 Direct
509,790 Indirect(5)
101,507 Vested Options
662,434 *
Robert L. Ryan . . . . . . . . . . . . . . . . . . . . . . . . . . 14,723 Direct
14,723 *
Lucille S. Salhany . . . . . . . . . . . . . . . . . . . . . . . . 23,720 Direct
129,044 Vested Options
152,764 *
Current Directors, Nominees and Named
Executive Officers:
Mark V. Hurd . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Direct
400,000 *
Robert P. Wayman . . . . . . . . . . . . . . . . . . . . . . . . 166,774 Direct
119,058 Indirect(6)
1,657,114 Vested Options
1,942,946 *
Current Named Executive Officers:
R. Todd Bradley . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Direct
100,000 *
Vyomesh I. Joshi . . . . . . . . . . . . . . . . . . . . . . . . . 205,387 Direct
52,313 Indirect(7)
826,352 Vested Options
1,084,052 *
Ann M. Livermore . . . . . . . . . . . . . . . . . . . . . . . . 164,275 Direct
3,823 Indirect(8)
2,130,490 Vested Options
2,298,588 *
Randall D. Mott . . . . . . . . . . . . . . . . . . . . . . . . . 285,050 Direct
285,050
All current directors and executive officers as a
group (23 persons) . . . . . . . . . . . . . . . . . . . . . . 10,183,997 (9)(10) *
34
Amount of Nature of Percent of
Name of Beneficial Owner Beneficial Ownership Beneficial Ownership(1) Class
Former Directors and Named Executive Officers:
Carleton S. Fiorina(11) . . . . . . . . . . . . . . . . . . . . . 852,914 Direct
3,815,852 Vested Options
4,668,766 *
Michael J. Winkler(12) . . . . . . . . . . . . . . . . . . . . . 60,511 Direct
4,679 Indirect(13)
1,449,187 Vested Options
1,514,377 *
* Represents holdings of less than one percent.
(1) Pursuant to Rule 13d-3(d)(1) of the Exchange Act, ‘‘Vested Options’’ are options that may be
exercised as of March 1, 2006 (60 days after December 31, 2005).
(2) On its Schedule 13G filed February 14, 2005, Capital Research and Management Company, an
investment adviser registered under Section 203 of the Investment Advisers Act of 1940, reported the
beneficial ownership of 156,949,130 shares, or 5.2% of the 3,019,899,000 shares then outstanding, as a
result of acting as investment adviser to various investment companies registered under Section 8 of
the Investment Company Act of 1940. In its Schedule 13G filed February 14, 2005, Capital Research
and Management Company disclaimed beneficial ownership pursuant to Rule 13d-4.
(3) 2,600 shares are held by the Hammergren Family Trust.
(4) 4,250 shares are held by Dr. Keyworth’s wife.
(5) 160,945 shares are held by the Thomas J. Perkins Ttee Frank Caufield Ttee UAD 12/14/72 Perkins
Bypass Trust C and 348,541 shares are held by TJ Perkins & F Caufield Ttees Survivors Trust A U/A
dated 11/13/1987. Mr. Perkins serves as co-trustee of both trusts. The foregoing shares have been
pledged to a securities broker pursuant to the terms of prepaid variable equity forward contracts
established in May 2004 when Mr. Perkins was not a director or affiliate of HP. Mr. Perkins does not
have voting or investment power with respect to the shares held by these trusts as a result of the
foregoing arrangements. In addition, a trust for the benefit of Mr. Perkins’ daughter also owns 304
shares.
(6) 21,096 shares are held by Mr. Wayman in the HP 401(k) Plan, 95,142 shares are held by the Wayman
Family Trust and 2,820 shares are held for the benefit of Mr. Wayman’s son.
(7) 52,313 shares are held by Mr. Joshi in a living trust.
(8) 3,823 shares are held by Ms. Livermore in the HP 401(k) Plan.
(9) Includes an aggregate of 7,261,825 shares that the current directors and executive officers have the
right to acquire as of March 1, 2006.
(10) Includes an aggregate of 7,984,215 shares held by current directors and executive officers in fiduciary
or beneficial capacities.
(11) Ms. Fiorina terminated as Chairman and Chief Executive Officer and resigned as a director on
February 8, 2005.
(12) Mr. Winkler retired on November 7, 2005.
(13) 4,679 shares are held by Mr. Winkler in the HP 401(k) Plan.
35
Source :
http://www.hp.com/hpinfo/investor/financials/annual/2005/06proxystatement.pdf
From Switzerland :
Dear Fiends,
I was informed Monday evening by phone that I was on WFR and Tuesday that I needed to leave HP at the end of this month; difficult to understand and accept after 26 years at HP, especially considering the positive messages from my management. This leaves me an extremely short time to say goodbye, however, I will try to arrange a farewell party (no cards, no gifts, no regrets) in the upcoming days; message will follow shortly with new email address and phone number.
I don't wish anyone the same fate.
Good luck !
Kind regards,
It is really a shame to push out a 26 years employee in such a short delay.
We must really be proud and defend the French laws of labor.
Good luck to you.
I discovered lately this blog.
What's a pity!
Is this a link that we can forward to any colleages?
I heard from German colleagues that on Friday Januaty 20th, it was a really hard day.
It should be interesting to have a more detailed feed-back from there, explaining the way the designations have been made.
Yes, please, forward this link ! We need HP employee feedback here...
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