HP boss Hurd's annual pay package falls to $24.2m

SAN FRANCISCO: Hewlett-Packard Co CEO Mark Hurd got a pay package in the latest fiscal year the company valued at $24.2 million, according to an analysis of a company filing.

The package represents a 29 percent drop from the year before, partly because Hurd got a much smaller bonus as HP battled a tough year in which technology budgets were devastated, and the company's revenue and profit fell.

Still, in a sign that investors are optimistic about HP's plans, the company's stock has more than doubled since bottoming out at its 52-week low of $25.39 in March.