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

Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

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