New CEO's salary is $1 - WMC Action News 5 - Memphis, Tennessee

New CEO's salary is $1

(CNN) - Meg Whitman will be getting paid just $1 to be Hewlett-Packard's new CEO.

However, Whitman is eligible for millions in cash bonuses and stock options, according to the company's regulatory filing.

The former eBay boss is likely hoping the meek salary will prove that she's committed to turning H-P around.

Last week, H-P fired its CEO after 11 months on the job.

Whitman is only one of five self-made female billionaires in the world.

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