Comments on: Mark Hurd’s very full plate… http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/ Michelle Leder's guide to what's hiding in SEC filings Tue, 16 Mar 2010 22:19:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Teresa http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7576 Teresa Mon, 23 Feb 2009 18:37:03 +0000 http://www.footnoted.org/?p=3231#comment-7576 We need to get rid of this extensively high pay of CEO or NEO. Sure they are in the top ladder , but without the employees below............there is no company. Need to do this backwards.... this quote is so appropriate today---the rich have no idea of the struggle of the middle class and worse yet the poor, " If there is no bread , feed them cake..." We need to get rid of this extensively high pay of CEO or NEO. Sure they are in the top ladder , but without the employees below…………there is no company. Need to do this backwards….
this quote is so appropriate today—the rich have no idea of the struggle of the middle class and worse yet the poor, ” If there is no bread , feed them cake…”

]]> By: Michelle Leder http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7383 Michelle Leder Fri, 23 Jan 2009 14:40:21 +0000 http://www.footnoted.org/?p=3231#comment-7383 @ Steve Lake: An NEO is a named executive officer -- one of the five top executives whose salary, benefits, perks, etc...are required to be disclosed under SEC rules. @ Steve Lake: An NEO is a named executive officer — one of the five top executives whose salary, benefits, perks, etc…are required to be disclosed under SEC rules.

]]> By: Steve lake http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7382 Steve lake Fri, 23 Jan 2009 07:13:12 +0000 http://www.footnoted.org/?p=3231#comment-7382 What is an NEO? What is an NEO?

]]> By: JR http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7375 JR Thu, 22 Jan 2009 01:04:38 +0000 http://www.footnoted.org/?p=3231#comment-7375 First thing the SEC needs to do is strengthen the plain English rules and force companies to cut down on the acronyms. For the footnoted team acronyms are second nature, but it took me a minute to decode NEO. It is not "near earth object" here. Then my brain cycled through the thought that Keanu Reeves had assumed the CEO post at HP, but this was dismissed quickly. Finally dawned on me that it means "Named Executive Officer". I could still be wrong, but it sounds like it fits here. As to tax gross ups, they should be abolished. The IRS could do this quickly by taxing them, which would create an semi-asymptote by taxing the gross up payment, creating a new gross up to pay the tax on the first gross up, which triggers another tax payment.....on and on until the gross up payment declines to one penny. Lastly, if there is a business reason for spouse or other family to be there, then there should be no tax owed. IF there is no business reason then they should not be there. Can't everyone just pay their own taxes? First thing the SEC needs to do is strengthen the plain English rules and force companies to cut down on the acronyms.

For the footnoted team acronyms are second nature, but it took me a minute to decode NEO. It is not “near earth object” here. Then my brain cycled through the thought that Keanu Reeves had assumed the CEO post at HP, but this was dismissed quickly. Finally dawned on me that it means “Named Executive Officer”. I could still be wrong, but it sounds like it fits here.

As to tax gross ups, they should be abolished. The IRS could do this quickly by taxing them, which would create an semi-asymptote by taxing the gross up payment, creating a new gross up to pay the tax on the first gross up, which triggers another tax payment…..on and on until the gross up payment declines to one penny.

Lastly, if there is a business reason for spouse or other family to be there, then there should be no tax owed. IF there is no business reason then they should not be there.

Can’t everyone just pay their own taxes?

]]> By: Lars http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7373 Lars Wed, 21 Jan 2009 18:19:23 +0000 http://www.footnoted.org/?p=3231#comment-7373 They must be eating gold-encrusted beef tenderloin, washing it all down with those martinis with a diamond on the bottom. I wonder if Mr Hurd (or someone in his family) can explain why my recently purchased HP laptop is such a dog... They must be eating gold-encrusted beef tenderloin, washing it all down with those martinis with a diamond on the bottom.

I wonder if Mr Hurd (or someone in his family) can explain why my recently purchased HP laptop is such a dog…

]]> By: Jo http://www.footnoted.org/perk-city/mark-hurds-very-full-plate/comment-page-1/#comment-7372 Jo Wed, 21 Jan 2009 16:31:22 +0000 http://www.footnoted.org/?p=3231#comment-7372 Gosh! That's $13,000 a month just for a few business events! Just how big is his family and where are they eating? Maybe he was treating the other NEOs and their families, too? Gosh! That’s $13,000 a month just for a few business events! Just how big is his family and where are they eating? Maybe he was treating the other NEOs and their families, too?

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