Hewlett-Packard CEO Meg Whitman appears to be getting a big reward for working to make the company more efficient.
The company's board has decided to up her salary from a mere $1 to $1.5 million, according to a HP filing with the US Securities and Exchange Commission on Tuesday.
The filing says that the board members want to "bring Ms. Whitman's salary to a competitive level among the salaries of the chief executive officers of HP's peer companies." This salary increase was effective as of November 1.
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