Apotheker was ousted last week after the company's stock lost more than half its value during his 11-month stint with the technology giant. He however will be walking away with $13.2 million in stock and cash.
According to a filing that HP made with the U.S. Securities and Exchange commission, Apotheker's base salary was $1.2 million and he will be receiving a $7.2 million cash severance package. He will also receive an additional $2.4 million under a "Pay for Results" scheme and $3.6 million after accelerated vesting of stock options.
Under the agreement negotiated between Apotheker and HP, HP would also be paying for German-born Apotheker's (and his family's) move back to Belgium or France, where he had lived after serving as the CEO of a German software company. The company has also agreed to reimburse up to $300,000 for any loss that he might incur from the sale of his $7 million home in Atherton.
On the other hand, the compensation package for incoming CEO Meg Whitman has been disclosed, and she will be getting a base salary of $1 per year. Under her salary package, Whitman could earn a bonus of up to $6 million annually. Whitman, though, can afford a paltry base salary. According to Forbes magazine's latest rankings, she is worth about $1.3 billion, a fortune she amassed during her time with eBay.
Related: Top 25 Influential Business Leaders In The World