HPE boss Antonio Neri paid as much as 271 employees in 2022 • The Register

Hewlett-Packard Enterprise CEO Antonio Neri was compensated to the tune of $17.36 million to run the corporate throughout its fiscal 2022, equating to the typical annual pay of 271 workers.

Based on its Annual Report for the yr ended 31 October, Neri bought a base wage of $1.275 million, up from $50 million year-on-year, possibility awards of $13.388 million – flat on 2021 – and $2.35 million for a “change in pension worth and non-qualified deferred compensation earnings,” down from $4 million.

All this meant the exec, who changed Meg Whitman in 2018, bought a complete bundle of simply over $17.3 million, down from $19.05 million within the prior monetary yr.

The pay pot for Tarek Robbiati, HPE CFO, was $8.2 million, and chief working officer John Schulz was awarded $7.936 million. It is robust on the high however somebody’s bought to do it. Chief Individuals Officer Alan Could was paid a not-too-shabby $4.83 million. Overseeing “transformation” packages have to be traumatic.

For these Reg readers but to work out the typical pay for somebody at HPE – which we admit may not be among the many record of inquiries to make Jeopardy – it is $64,006.

“Primarily based on this data, the ratio of the annual whole compensation of our CEO to the media annual whole compensation of all workers was 271 to 1,” HPE says within the 10k submitting. This was based mostly on roughly 61,987 people employed by the group on August 21, 2022.

So how did HPE carry out as a enterprise in 2022? It grew revenues 3 p.c year-on-year to $28.5 billion, the primary time it recorded annual bounce in three years. So higher however the 29 p.c positive factors seen by AWS in calendar 2022 when it reached $80.1 billion maybe present some perspective. By the way, lots of the HPE previous guard at the moment are employed at AWS.

The Compute division grew to $12.74 billion, by far the largest unit, benefiting from the next margin mixture of configurations and server worth rises; HPC and AI was flattish at $3.192 billion and Clever Edge jumped 11 p.c to $3.67 billion. Storage and Monetary Companies have been down.

HPE was a casualty of provide chain issues in the course of the pandemic. It was already behind Amazon and different cloud giants within the queue for brand new chips, and constructed an enormous backlog of orders since 2020.

The gross sales pitch towards the cloud giants is that we stay in a hybrid computing world the place some workloads stay in a 3rd celebration datacenter, some in a buyer’s personal bit barn, and servers are required on the edge to file information which will, however not all the time, drive enterprise outcomes.

Legacy {hardware} distributors say shoppers need to devour expertise as they’d any utility, paid for as an working expense, as a result of it provides them a extra cloud-like expertise. It additionally offers greater margins to distributors. The jury is out on whether or not prospects agree with the legacy {hardware} tech distributors.

Greenlake is HPE’s model of alternative underneath which it sells your complete portfolio as-a-service, but annualized recurring income progress slowed in 2022, up 17 p.c to $936 million versus 36 p.c progress within the prior yr to $796 million.

HPE says in an SEC filing [PDF] that Greenlake outcomes have been formed by “unfavorable forex fluctuations, provide chain constraints and associated set up delays,” however this was counter-balanced and greater than offset by an “increasing buyer put in base.”

So in some respects, Greenlake is a cloud-like answer but it’s one that’s nonetheless tethered to among the limitations of an on-premises supply mannequin. If these limitations carry to some extent in 2023, pay could rise greater for Neri and co. ®