Reg metrics show Enrique Lores is worth a lot of ink
It is tough at the top, as we've pointed out before, but someone has to step into those Italian leather slip-ons, slide onto the corporate chaise longue, and spin gold from straw. Or in the case of HP, sell printer ink. published this week, Lores got a base salary bump of $50,000 to $1.3 million, stock and options awards of $15.86 million, and a non-equity annual incentive plan of almost $2 million. All other compensation – security and travel – was a little more than $300,000.
Shareholders will get the chance to attend the Annual General Meeting on April 22 to vote on various things including to have their say on pay and elect the 12 directors listed in the proxy statement. PC makers, including HP, are now praying that on-device AI will improve their lot in 2024 and are helping to. Just months ago analysts and vendors were struggling to define the AI PC, with IDC going so far as to say that use cases had yet to be articulated.
Investors can also expect HP to continue the cost-cutting campaign it embarked upon in fiscal 2023 that was expected to see