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?