GBU

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The year 2002 was a good one for Hewlett-Packard CEO Carly Fiorina, who picked up a tidy $US3 million bonus on top of her $US1 million salary after completing the company's merger with Compaq. According to the company's filing with the US Securities and Exchange Commission, Fiorina missed out on a bonus in 2001 and earned a mere $1.8 million in fiscal year 2000. Former Compaq CEO Michael Capellas was generously compensated after the merger in May last year, receiving $16 million on leaving the company. The year wasn't so profitable for Microsoft chairman Bill Gates, whose net wealth fell $US12.1 billion in 2002, around $23,000 per minute. However, he is still listed by Forbes as the richest man in the world with wealth estimated at $US40.7 billion.

All employees are required to pass an online test on new regulations - but many haven't taken the quiz. Bosses come up with an idea to ensure compliance, which CIO runs past network manager. "How easy is it to disable the network log-ons of employees who haven't taken the test?" Not hard, says IT, but how will they take the online test if they can't get on the network? "Good point," CIO replies.

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Westpac Bank has confirmed it is currently recruiting an IT security manager to manage its security in-house. A bank spokesman stressed it will have little impact on its outsourcing partners including IBM and would not confirm if it was a newly created position, or if the new appointment is replacing a departing employee as it had "nothing further to add". Asked about the secrecy surrounding the appointment the spokesman said the bank "does not want to go down that path" and accused GBU of "jumping at shadows". Talk about sensitive!

Ugly

Ford Motor is cutting its IT budget by $US300 million, or 20 per cent, as part of ongoing cost-cutting efforts. Ford spokesman Paul Wood said the move, part of Ford's $9 billion restructuring announced in January 2002, was in line with the company's decision to attack costs across all lines of the business. "We're looking at everything," he said. "We're not just targeting IT." The big losers are likely to be its contract IT workers - there are currently 6000 on the payroll.

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More about CompaqFord MotorHewlett-Packard AustraliaIBM AustraliaMicrosoftSecurities and Exchange CommissionWestpacWestpacWestpac Bank

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