The Fine Print Forecast Capellas' Departure

from the of-course-he-left dept

Anyone surprised by Michael Capellas’ “sudden” departure from HP clearly didn’t read the ridiculous fine print in his contract. It seems that Capellas gets $14.4 million and is forgiven on a $5 million loan as long as he leaves less than a year after the merger. In other words, they’re paying him millions of dollars to quit. Even worse, as the article points out, during the merger fight Capellas made himself look better by saying he turned down the offer of a $14.4 million “retainer” bonus. Hell, why would he need a retainer bonus to stick around when he got the same amount for not having to work at all? Where can I get a gig like that?

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “The Fine Print Forecast Capellas' Departure”

Subscribe: RSS Leave a comment
1 Comment
dude says:


I read your article on how rediculous it is to pay capellas $14 million to quit, and I couldn’t agree more. I had been a contractor for compaq over the last 4 years and was always asking myself the same types of questions. For example, why did Capellas trade the Alpha chip division to Intel for “undisclosed consideration”???? WTF is that??? Why did they cancel the hugely successful “inspiration technology” marketing campaign? Why does compaq have no idea what type of computer you have when you call their support center with a serial number?

there seems to be no answer to these questions, and how Capellas parlayed his long string of blunders into millions is testament to his negotiatiing and persuasiveness. too bad that he never used those skills on behalf of compaq, or they might still be around, instead of HPaq.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...