Hewlett-Packard CEO Received $24.4 Million in Pay Last Year

Hewlett-Packard Co. paid Chief Executive Mark Hurd $24.4 million last year in salary, bonus, stock options and other compensation.

The Palo Alto-based company also paid ousted CEO Carly Fiorina $22.3 million last year in salary and severance. Fiorina, who worked for three months in 2005, earned $575,287 in salary and the rest in severance.

Hurd, who took over April 1, received $816,667 in salary, a bonus of $5.13 million and stock and options worth $9.83 million, Hewlett-Packard said Monday in a regulatory filing.

Fiorina was ousted in February after five years of leading the world’s largest printer maker because of disagreements over management changes sought by the board, she said in an October speech at MIT.

Hurd, former CEO of NCR Corp., was named her replacement March 29. Hewlett-Packard’s shares have risen 58% since his appointment.

Hurd’s compensation also included a $2.75-million bonus for joining the company and $5 million “as price protection” for his NCR shares, the filing said.

Hewlett-Packard shares fell 40 cents to $31.34. The company is also the No. 2 maker of personal computers, behind Dell Inc.