Dell to pay former CEO $48.5 million
From Times Wire Services
Personal computer maker Dell Inc. said it would pay its ousted former Chief Executive Kevin Rollins $48.5 million in cash as a result of Rollins’ execution of a release agreement.
Rollins officially resigned from the Round Rock, Texas-based Dell effective May 4. Under the terms of his stock options agreements, 7.37 million unexercised options that vested at the time of his retirement expired 90 days after his resignation date.
