Bloomberg Law
April 8, 2020, 1:37 PM

Dell Says CEO Michael Dell to Take Temporary Base Salary Cut

Katrina  Lewis
Katrina Lewis
Bloomberg News

Dell Technologies says Chief Executive Officer and Chairman Michael Dell has agreed to a temporary reduction in his base salary, effective with the start of the company’s second quarter on May 2.

  • Dell has agreed to forgo all of his base salary except to the extent necessary to fund his contributions to the company’s health and welfare benefits plans
    • Pact through the last payroll period in the company’s current fiscal year, which ends on Jan. 29, 2021
  • NOTE: March 26, Dell Withdraws Guidance, Sees Home Office Demand Heightened

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