Incoming Dell CFO will receive $700,000 salary
Incoming Dell Inc. vice chairman and chief financial officer Don Carty, the former American Airlines chief who left three years ago when American’s parent was struggling to remain solvent, will earn $700,000 when he starts at the computer maker next month. Damn I guess they looked over my application! �
Details of Carty’s salary, approved by Dell’s board of directors, were included in a regulatory filing with the Securities and Exchange Commission. By fiscal year 2008, Carty will be eligible to receive a bonus equal to 100 percent of his base salary. He also will receive a grant of 190,000 options plus another 50,000 restricted stock units, according to the filing Wednesday. He will assume his new duties Jan. 1 amid a string of problems at the computer maker, including an ongoing federal accounting probe and a possible delisting from the Nasdaq Stock Market caused by delayed earnings filings.
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