What Color Is My Parachute? Federal Reserve Green.
Dell must have appreciated the lackluster financial quarters it had under former chief executive Kevin Rollins a lot more than it let on, because it gave him a hell of a parting gift. In a filing yesterday with the Securities and Exchange Commission, Dell said it will pay Rollins $48.5 million for his now-expired stock options. This just six months after he was shown the door in the wake of a string of losses and an intensifying SEC investigation into the company’s financial practices.
Not bad for Rollins, who already pocketed $5 million in severance when he left Dell.