By MICHAEL LIEDTKE
AP Technology Writer
SAN FRANCISCO – Hewlett-Packard CEO Meg Whitman is getting a huge raise as she enters the third year of her attempt to turn around the slumping personal computer and printer maker.
Whitman’s annual salary is soaring to $1.5 million from the $1 that she settled for during her first two years on the job, according a regulatory documents filed Tuesday. The raise approved last week is retroactive to Nov. 1, the beginning of Hewlett-Packard Co.’s fiscal year.
HP said the bigger paycheck will make Whiteman’s salary comparable to what CEOs of similar-sized companies make. HP earned $5 billion on revenue of $112 billion during its last fiscal year.