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.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
