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5 Top-Paid CEOs at Unprofitable Companies

Their business lost money, but they still made millions

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#3: Meg Whitman

HPQCompany: Hewlett-Packard
Compensation: $15.4 million
Company Net Income: -$12.65 billion
Stock Return: -46.7%

Based on ServiceSource and this next company, Hewlett-Packard (HPQ), an unprofitable company with an absurdly high paid CEO might just be a great leading indicator.

Hewlett-Packard — which brought CEO Meg Whitman on board in 2011, making her its fourth CEO in six years — also suffered big-time last year, posting a loss of more than $12 billion and shedding have its stock value.

So far in 2013, though, Hewlett-Packard has also rocketed back, posting a gain of 80% since the first of the year. Still, that’s done little more than regain the losses from last year’s shitshow.

The one thing that Meg Whitman — who took home $15.4 million in the face of HP’s 2012 epic slide — has in her corner is the argument of scale, though. Even if you eliminated her compensation altogether, the company’s brutal $12 billion bleeding wouldn’t have been affected in the least.

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