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LOS ANGELES — Meg Whitman is taking a $1 annual salary for her position as the new chief executive of Hewlett-Packard Co. But don’t think she’s working for peanuts.

As part of her compensation package, Whitman was also awarded options to buy nearly 2 million shares of HP stock at $23.59, more than $1 above Friday’s closing price of $22.45, which eventually could bring her a windfall of tens of millions of dollars if HP’s stock price rises.

Denver Post staff and wire reports

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