Stock option bonanza for Dell's future CEO

Kevin Rollins, Dell's soon-to-be chief executive officer, exercised stock options worth $35.9 million during the company's last fiscal year.

That amount far exceeded Rollins' salary and bonus for the year, according to figures in a Thursday filing with the Securities and Exchange Commission. Rollins, who serves as the computer-maker's president and chief operating officer, received a salary of $797,115 and a bonus of $1.7 million for the year ended Jan. 30.

CEO Michael Dell did not exercise any stock options during the year. He received a salary of $950,000 and a bonus of $2.1 million.

James Schneider, the company's CFO, exercised options worth $30.1 million. Schneider received a salary of $500,000 and a bonus of $720,000.

Rollins is scheduled to become president and CEO on July 16 at the company's annual meeting of shareholders. Dell will remain as chairman, continuing the company's "two-in-a-box" chief executive office.

Rollins has been handling the day-to-day work of the company for some time, while Michael Dell has spent more time focusing on his company's strategic initiatives.

Rollins still had exercisable options worth $137.9 million at the end of the company's fiscal year. During the fiscal year, he received 800,000 stock options valued at $8.3 million.

[nyiregyhaza]

DELL Executive Salaries and bonuses

Curious to know what Mr Rollins did to earn $ 73.00 - per minute (24/7)
Having two Dell computers, I think it was a waste of money.

Stock option bonanza for Dell's future CEO

What a massive transfer of wealth from the other shareholders to one individual. Options are wrong, period. This guy also earned enough before his bonus. It is curious to know how much the workers who made the computers and other hardware earned.