HP CEO Enrique Lores' total compensation fell to $19.36 million in fiscal 2024, with base salary increasing to $1.4 million despite a dip in overall pay. The company reported revenue of $53.6 billion, a marginal decrease, alongside a 15% reduction in net profit attributed to sluggish consumer and commercial hardware sales. In response, HP is adopting innovative pricing strategies and promoting subscription services to adapt to changing market demands while Lores remains optimistic about future growth opportunities.
HP CEO Enrique Lores saw a decrease in total compensation to $19.36 million in fiscal 2024, a slight decline but still a significant sum.
HP's revenue fell to $53.6 billion year-on-year due to declining consumer PC sales and a 15% decrease in net profit.
In response to market changes, HP is pushing subscription services and has developed new pricing strategies for printers, aiming to enhance customer commitments.
Lores expressed confidence in HP's ability to navigate market challenges, stating they intend to continue delivering value to customers and shareholders.
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