Source: Bloomberg News
Hewlett Packard Enterprise Co. has promoted David Antczak to general counsel and paid its top legal executive, John Schultz, more than $9.1 million in total compensation last year.
HPE disclosed both details in an annual proxy statement filed last week. Schultz was named general counsel in 2012 for predecessor Hewlett-Packard Co., a technology giant that split in 2015 to form HPE, an information technology company, and HP Inc., a computer hardware business.
Schultz subsequently became the top lawyer for HPE. In 2020, the company gave Schultz the additional duties of chief operating officer. His most recent pay package—an increase over the $7.9 million that Schultz earned from HPE in 2022—is comprised of $800,000 in base salary, nearly $1.5 million in nonequity incentive plan cash compensation, and about $6.8 million in stock awards.
Palo Alto, Calif.-based HP, now entirely separate from HPE, disclosed in its own proxy filing this month that its top lawyer, Julie Jacobs, had a pay package valued at about $6.2 million in 2023. That sum includes $2.9 million in stock and option awards and $3.3 million in cash in the form of a $2 million bonus, $700,000 in base salary, and $570,500 in nonequity incentive plan compensation.
Jacobs received nearly $9.1 million in 2022, almost all of which came in the form of a stock award given to hire her as legal chief from Yahoo Inc.
Read full article: https://news.bloomberglaw.com/privacy-and-data-security/hpe-taps-new-general-counsel-legal-chief-gets-9-million-payday
