Compaq Chairman and CEO Michael Capellas is doing pretty well even if Compaq isn't. Capellas got a salary raise in 2001 to $1.6 million, and Compaq forgave $2.1 million in loan payments he owed, the company said in its annual SEC filing. Capellas also received 850,000 stock options that would have an estimated value of $5.2 million if Compaq shares go up 5 percent per year.
Hewlett-Packard Chairman and CEO Carly Fiorina also did OK for herself. She was awarded $13.5 million worth of stock options in 2001 and $1 million in salary, according to HP's recent SEC filing. HP also paid roughly $250,000 of Fiorina's expenses, including $40,739 toward "company-required personal use of corporate aircraft" and $167,177 in housing assistance during the fiscal year, which ended Oct. 31. Nice work if you can get it.
It's not been the best of times for Bob Moffat, general manager of IBM's Personal and Printing Systems Group. In January, his unit reported a $17 million fourth-quarter 2001 loss on a nearly 32 percent decline in revenue. And last month, the PC unit,much to the dismay of the channel,began axing all the channel field sales reps in favor of telesales support. Plus, his biography on the IBM Web site reveals that he serves as the partnership executive assigned to imploded energy trader Enron. Ouch.
We have to admit: Peter Blackmore, Compaq's executive vice president of sales and services, doesn't make us randy, baby. But he does do a fair imitation of Austin Powers. As part of the festivities surrounding last month's Houston Marathon, an event sponsored by Compaq, Blackmore got dressed up as the "International Man of Mystery." U.K. native Blackmore easily slipped into the role. It's all in the accent, we say.
Speaking of semantics, Symantec CFO Greg Myers described the growing Internet security market in a decidedly colorful way at last week's Banc of America Securities technology conference in San Francisco: "There's a ton of sand in this cat box for anybody to do a great job if you're capable."
He also told the packed crowd not to expect to get Boston Red Sox tickets with a new security appliance Symantec plans to release in March, code-named Fenway. The appliance, by the way, will integrate antivirus protection, intrusion detection, firewall and VPN capabilities, and will target small businesses and small offices, Myers said.
At the same conference, Network Associates Chairman and CEO George Samenuk drew an analogy to football to describe additions to the company's management team. "Last year I felt like I was going into a Raiders game with three out of 11 football players. Now we have 10 out of 11 football players. Going forward, we have a team on the field that can deliver rock-solid results." As it turns out, Samenuk is a huge football fan and played on the team at Brown University.
It seems that Bill Gates is having issues with employees on both sides of the Atlantic. Employees of Corbis Sygma, the European photo agency owned by Gates, are on strike, upset that the company can't come up with what it deems a decent "social" plan. Corbis recently laid off 42 of its photographers to become "independent producers and partners of the agency."