Feeds

Dell hits Rollins with $5m slap to the face

Golden umbrella

Next gen security for virtualised datacentres

Dell's executive compensation committee has proved the cruelest of masters, handing ex-CEO Kevin Rollins a piddling $5m on his way out of Round Rock. The company today revealed the embarrassing payout in a SEC filing, detailing its parting of ways from Rollins.

The former CEO will stay on until May 4 as an advisor and continue to receive his salary and benefits until the final axe falls. At that point, the severance package – if you can call it that – kicks in with Rollins taking five $1m installments through April 15, 2008.

You'd have to go back to the Carter years to find a top executive taking such a slim exit deal.

After all, Rollins shared a brain with founder Michael Dell for many, many years and helped drive Dell through some of its most successful times. His peers such as HP ex Carly Fiorina could not claim similar success or longevity and yet Fiorina parted with at least $21m.

Worst of all, Dell seems to think that dribbling out $1m to Rollins in installments will keep him quiet month-to-month. We dare suggest the thin pay would be more incentive to talk than stay quiet. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?