Dell CEO Compensation Down 54%

NEW YORK (AP) _ Dell Inc. CEO Michael Dell was awarded compensation valued at $963,623 in fiscal 2010. That’s a 54 percent decrease from $2.1 million in the previous year, according to an Associated Press analysis of a regulatory filing.

A proxy statement filed with the Securities and Exchange Commission, the Round Rock, Texas-bsed computer maker says Dell’s base salary climbed 2 percent to $950,000 from $931,731 in 2009.

As in the previous year, he received no bonus or stock or option grants. Nearly all of the decline in his compensation package as due to security expenses. Dell received $1.2 million for personal and home security in 2009 but he received no such compensation in 2010.

Dell spokesman David Frink said Michael Dell made the decision to stop receiving compensation for security not directly related to business.

The CEO also was awarded $12,500 in retirement plan matching contributions, up from $11,500 a year earlier. He received $1,123 in benefit plans, up from $1,081.

 

(Copyright 2010 by The Associated Press.

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