Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 09 August 2007 11:28

Dell's Rollins got $48million handshake

Written by

Image

Not $5 million

 

Kevin Rollins who supposedly walked away from Dell with a measly US$5 million payout got nearly ten times that amount.

Dell has admitted that when it comes to file its annual report it will reveal that it will pay Rollins US$48.5 million. The money comes in the form of a payment in lieu of stock options.

According to ZDNet, Rollins, who resigned on January 31, after the company lost first place in the market to rival HP had saved up 7.3 million shares of Dell stock options.

However when he left he could not sell his shared because the company is under investigation by the Securities and Exchange Commission and is trying to sort out questions over its accounting.

Instead, Dell agreed to pay Rollins the $48.5 million, which represents the value of his stock options.

More here.

Last modified on Thursday, 09 August 2007 11:28

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments