Dell agrees to pay former CEO $48 million

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9th Aug 07, 06:25 AM

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Dell agrees to pay former CEO $48 million

*Source: News.com (http://news.com.com/8301-10784_3-975...547-1_3-0-20)*
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Kevin Rollins supposedly walked away from Dell with a measly $5 million payout. Turns out Dell's former CEO is pocketing nearly 10 times that amount.

Dell said in an 8K report filed on Wednesday that once the company finally files an annual report, it intends to pay Rollins $48.5 million. The money comes in the form of a payment in lieu of stock options, the company said in the report.

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