Dell trimmed CEO's pay by 14 pct amid PC slump
Dell cut CEO Michael Dell's pay package by 14 percent in year leading up to $24.4 billion deal
ROUND ROCK, Texas (AP) -- Dell Inc. trimmed CEO Michael Dell's pay by 14 percent to $13.9 million last year amid a slump that culminated in a proposed $24.4 billion deal that could end the personal computer maker's 25-year history as a publicly traded company.
Regulatory documents filed Monday show most of Michael Dell's compensation last year consisted of stock awards designed to give him a greater incentive to boost the company's market value.
Michael Dell's stock awards were valued at $11.6 million last year while his salary remained unchanged at $950,000.
The Round Rock, Texas, company has agreed to sell itself to a group led by Michael Dell for $13.65 per share.
The Associated Press' calculation counts salary, bonuses, perks and stock and options awarded to an executive during the year.
