Feeds

Dell hits Rollins with $5m slap to the face

Golden umbrella

Choosing a cloud hosting partner with confidence

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. ®

Beginner's guide to SSL certificates

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.