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Morningstar's Theo Francis takes a look at the 14-A filed by Dell (DELL) for its July 13...

Morningstar's Theo Francis takes a look at the 14-A filed by Dell (DELL) for its July 13 stockholder meeting, and finds some interesting details. Among them: Michael Dell's compensation package for the year rose over 3x to $16.1M, in spite of his company's less-than-stellar performance; $2.7M was spent on security for Dell and his family; and services chief Stephen Schukenbrock received $1.9M in relocation benefits in order to move 200 miles.
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Comments (2)
  • klarsolo
    , contributor
    Comments (707) | Send Message
    It is truly shocking how management can openly plunder the company's coffers despite delivering nothing, and then get away with it, time and time again.


    Like a portfolio manager management should only get a bonus if they deliver EXCESS PERFORMANCE over their industry, not just because they managed to create some absolute growth (which may just stem from an overall growing sector anyway). For example. if their competition grows by 5 % and Dell grows by 5 %, then management should get no bonus at all.
    25 May 2012, 05:53 PM Reply Like
  • Castrese Tipaldi
    , contributor
    Comments (46) | Send Message
    The management of public companies and politics are the only workers* who are allowed to decide their salary, paid with other people's money.


    They also share a basic skill, necessary for both "jobs": they must be fully, completely, absolutely shameless.


    Outside of those categories, people doing that would get the appropriate name: thieves!


    Both the categories operate under the blessing of the Bankster, the High Priest of the last century's religion: Money for Nothing (and the chips for free).


    *I apologies to workers.
    26 May 2012, 04:17 PM Reply Like
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