Michael Dell salary

Michael Dell Salary Insights – How Much He Earns

Michael Dell, the founder, chairman, and CEO of Dell Technologies, is a prominent figure in the tech industry. As one of the top earners in the technology sector, many are curious to know how much he earns and why he is considered one of the highest paid CEOs.

Executive compensation is a topic of great interest and scrutiny, and Michael Dell’s salary is no exception. While he voluntarily forwent his base salary for a portion of fiscal year 2021 due to the global COVID-19 pandemic, Dell’s compensation package still puts him among the highest earners in the industry.

In fiscal year 2021, Dell’s total compensation was $930,400, which is an impressive figure. This includes a salary of $255,700, non-equity incentive compensation of $665,000, and additional compensation of approximately $10,000. However, it’s important to note that the majority of Michael Dell’s wealth comes from his significant stock ownership and other ventures.

Michael Dell’s entrepreneurial journey and success have played a significant role in his financial prosperity. With the success of Dell Technologies and his strategic investments, he has built a substantial net worth over the years. While his salary is noteworthy, it is his stock ownership and other ventures that contribute most significantly to his wealth.

Michael Dell salary

  • Michael Dell, the founder and CEO of Dell Technologies, received a total compensation of $930,400 in fiscal year 2021.
  • While his salary is impressive, the majority of Michael Dell’s wealth comes from his significant stock ownership and other ventures.
  • Dell Technologies recently disclosed the compensation of its most highly compensated executives, showcasing the importance placed on rewarding top talent.
  • Understanding executive compensation is crucial to comprehending the complexities and dynamics of the tech industry.
  • Michael Dell’s entrepreneurial journey and success demonstrate how strategic investments and innovative thinking can lead to financial prosperity.

Dell’s Most Highly Compensated Executives in FY2021

Dell Technologies recently disclosed the compensation of its most highly compensated executives in fiscal year 2021. While Michael Dell, the CEO, voluntarily forwent his base salary, he was not the highest earner at the company. The top five executives at Dell Technologies in fiscal year 2021 were:

  • Michael Dell
  • Tom Sweet
  • Richard Rothberg
  • Bill Scannell
  • Jeff Clarke

Their total compensation ranged from $930,400 to $15.06 million. These executives play crucial roles in driving the company’s success and have been rewarded accordingly.

To provide more context, here is a breakdown of the compensation for each executive:

Executive Total Compensation
Michael Dell $930,400
Tom Sweet $7.3 million
Richard Rothberg $8.56 million
Bill Scannell $12.1 million
Jeff Clarke $15.06 million

These executives play integral roles in driving Dell’s growth and profitability, and their compensation reflects their contributions to the company’s success.

“The dedication and leadership of these highly compensated executives have been instrumental in propelling Dell Technologies forward.”

Michael Dell’s Compensation Details

Michael Dell, the founder and CEO of Dell Technologies, has a net worth of $50.2 billion, according to Forbes. His total compensation in fiscal year 2021 was $930,400, but the majority of his wealth comes from his significant stock ownership and various private ventures.

Michael Dell holds a 41 percent stake in VMware, a company that Dell Technologies plans to spin off to shareholders. This stake in VMware contributes significantly to his overall wealth. Additionally, he is involved in other ventures, including a special purpose acquisition company (SPAC) called MSD Acquisition Corp.

Although Dell voluntarily reduced his salary in fiscal year 2021 due to the COVID-19 pandemic, this reduction did not significantly impact his overall wealth. His compensation breakdown includes his salary, stock ownership, and other ventures, highlighting the multiple sources of his wealth.

Michael Dell's Compensation Breakdown

Michael Dell Salary Breakdown:

  • Base Salary: $255,700
  • Non-Equity Incentive Compensation: $665,000
  • Additional Compensation: $10,000

While his salary is a part of his compensation package, Michael Dell’s wealth primarily stems from his significant stock ownership and strategic investments.

“The majority of his wealth comes from his significant stock ownership and various private ventures.”

As a successful entrepreneur, Michael Dell’s compensation reflects his accomplishments and contributions to the technology industry.

Tom Sweet’s Compensation Details

Tom Sweet, the Chief Financial Officer (CFO) of Dell Technologies, plays a vital role in the company’s financial success. In fiscal year 2021, Sweet received a total compensation of $7.3 million, a testament to his contributions.

Component Amount
Salary $750,000
Stock Awards $5.24 million
Non-Equity Incentive Plan Compensation $1.27 million
Other Compensation $44,400

Tom Sweet’s compensation breakdown clearly demonstrates the recognition of his outstanding contributions. His salary, stock awards, non-equity incentive plan compensation, and other benefits collectively reflect his valuable role in overseeing Dell’s financing and global business operations.

Tom Sweet

The image represents Tom Sweet, the Chief Financial Officer of Dell Technologies, whose compensation details we are exploring in this section.

Richard Rothberg’s Compensation Details

Richard Rothberg, the General Counsel of Dell Technologies, is an integral part of the company’s leadership team. In fiscal year 2021, Rothberg received a generous total compensation package amounting to $8.56 million.

This compensation breakdown provides a detailed overview of Rothberg’s salary and additional benefits:

Component Amount
Base Salary $627,500
Stock Awards $6.83 million
Non-Equity Incentive Plan Compensation $1.06 million
Other Compensation $39,000

Having joined Dell Technologies in 1999, Rothberg has since served as the leader of the global legal department, overseeing critical areas such as government affairs, compliance, and ethics. His role ensures the company’s legal compliance while navigating the complexities of the technology industry.

With his exceptional leadership capabilities and extensive experience in the legal field, Rothberg’s compensation is reflective of his significant contributions to Dell Technologies’ success.

Richard Rothberg compensation

Bill Scannell’s Compensation Details

Bill Scannell, the President of Global Sales and Customer Operations at Dell Technologies, played a critical role in driving Dell’s sales and revenue growth worldwide. In recognition of his contributions, Scannell received a total compensation of $12.1 million in fiscal year 2021.

This compensation package comprised different components, including:

Component Amount
Base Salary $750,000
Stock Awards $10.24 million
Non-Equity Incentive Plan Compensation $1.07 million
Other Compensation $40,000

With a base salary of $750,000, Scannell’s compensation was further bolstered by stock awards worth $10.24 million and non-equity incentive plan compensation of $1.07 million. In addition, he received other compensation totaling $40,000.

Scannell’s expertise and leadership have been instrumental in driving Dell’s success in the sales domain, contributing to the company’s growth and expansion in the global market.

Bill Scannell compensation

Jeff Clarke’s Compensation Details

Jeff Clarke, the Vice Chairman and Chief Operating Officer of Dell Technologies, received a total compensation of $15.06 million in fiscal year 2021. His compensation breakdown is as follows:

  • Base Salary: $881,000
  • Stock Awards: $12.64 million
  • Non-Equity Incentive Plan Compensation: $1.49 million
  • Other Compensation: $50,000

As the Vice Chairman and COO, Clarke plays a critical role in driving innovation and shaping Dell’s overall strategy. His compensation reflects his significant responsibilities and contributions as a top executive at the company.

Image:

Jeff Clarke compensation

Dell’s Top Executives’ Compensation in FY2022

In fiscal year 2022, Dell Technologies achieved remarkable success, with record-breaking revenue, cash flow, and earnings. This exceptional performance underlines the company’s strong position in the market and its ability to navigate challenging times.

The top five executives at Dell Technologies played a pivotal role in driving this growth and were duly recognized for their contributions. The company rewarded them with a combined total compensation of $93 million, highlighting their significant impact on Dell’s success.

While specific details of each executive’s compensation breakdown are not provided in Dell’s proxy filing, their compensation packages reflect the company’s thriving financial performance and acknowledge their individual contributions to its growth.

As Dell Technologies continues to expand and innovate, the company remains committed to rewarding its top executives who play a crucial role in shaping its future.

Image:

Dell executives compensation in fiscal year 2022

Notes>

Satya Nadella – Highest Paid Big Tech CEO in 2019

In 2019, Satya Nadella, the CEO of Microsoft, emerged as the highest paid Big Tech CEO. His compensation for the year totaled $13.1 million, comprising his base salary and cash rewards. This significant income was attributed to Microsoft’s remarkable performance, which saw the company reach a market cap of $1 trillion.

Nadella’s compensation package included substantial stock awards, a base salary of $2.33 million, and cash bonuses amounting to $10.8 million. This compensation is a testament to his exceptional leadership and the value he brings to the company.


Key Highlights for Satya Nadella’s Compensation:

  • Base Salary: $2.33 million
  • Stock Awards: Significant value, contributing to the majority of his compensation
  • Cash Bonuses: $10.8 million

Satya Nadella Compensation Image

Year Base Salary Stock Awards Cash Bonuses Total Compensation
2019 $2.33 million Significant value $10.8 million $13.1 million

Tim Cook – CEO of Apple Inc.

Tim Cook, the CEO of Apple Inc., is a prominent figure in the technology industry. As the successor to Steve Jobs, Cook has played a crucial role in the company’s continued success. While Cook’s base salary in 2019 remained at $3 million, his overall compensation revealed a more substantial figure.

Throughout the year, Cook received a total income of $10.7 million. This amount encompassed various components of his compensation package, highlighting the breakdown of his earnings:

Base salary: $3 million

Vested Apple shares: $0

Performance bonus: $0

Total compensation: $10.7 million

It’s important to note that Cook’s compensation was impacted by challenges faced by Apple in maintaining sales growth during that period. However, given Apple’s recent strong performance and the introduction of new products and services, Cook’s compensation may see an increase in the future.

As the leader of one of the world’s most valuable companies, Cook’s compensation is subject to scrutiny and serves as a benchmark for CEO salaries in the technology industry.

Tim Cook - CEO of Apple Inc. Compensation

Component Amount (in millions)
Base salary $3
Vested Apple shares $0
Performance bonus $0
Total compensation $10.7

Ginni Rometty – CEO of IBM

In 2019, Ginni Rometty, the former CEO of IBM, earned a total income of $6.6 million. This included a base salary of $1.6 million and an incentive of $5 million. Rometty played a pivotal role in leading IBM through a significant transformation, shifting the company’s focus from hardware to various emerging technologies.

During her tenure, IBM experienced a decline in revenue. However, Rometty implemented strategic changes to position the company for future growth and success. She emphasized the importance of embracing emerging technologies such as artificial intelligence, cloud computing, and blockchain.

“It’s important to remember that transformation is a journey, not a destination. The digital era is continuously evolving, and our ability to adapt and innovate is crucial for success.”

Rometty’s visionary leadership and dedication to driving innovation paved the way for IBM’s evolution into a leading technology and consulting company. She prioritized investments in research and development, forging strategic partnerships, and expanding IBM’s presence in emerging markets.

While IBM faced challenges during her tenure, Rometty left a lasting impact on the company’s trajectory. Her legacy includes positioning IBM as a leader in hybrid cloud solutions, quantum computing, and enterprise AI.

Executive Compensation at IBM

Executive compensation at IBM reflects the company’s commitment to aligning incentives with performance and shareholder interests. In addition to base salaries, executives receive variable compensation in the form of annual incentives and long-term equity awards.

The compensation package takes into account various factors, including individual performance, business unit performance, and company performance. IBM’s Board of Directors ensures that executive compensation remains competitive in the market and supports the company’s long-term goals.

It’s important to note that executive compensation can vary based on several factors, such as the executive’s position, tenure, and contribution to the company’s performance and strategic objectives.

Below is a summary table of executive compensation at IBM:

Executive Base Salary Annual Incentives Long-Term Equity Awards
Ginni Rometty $1.6 million $5 million Varies
Other Executives Varies Varies Varies

Please note that the figures provided are for illustrative purposes and may not represent the current compensation packages for IBM executives. Executive compensation can change over time based on various factors, including company performance, market conditions, and corporate governance practices.

IBM CEO Ginni Rometty

Jeff Bezos – CEO of Amazon

Jeff Bezos, the CEO of Amazon, earns a modest salary of $81,840 annually. However, his personal net worth is staggering, surpassing $126 billion. Bezos’ wealth is primarily attributed to his significant ownership stake in Amazon, rather than his salary. As a result, he stands as the richest CEO in the world.

Bezos’ compensation package includes not only his salary but also other forms of wealth accumulation. His ongoing ownership of a substantial portion of Amazon’s value ensures that he does not heavily rely on his annual salary for financial security.

It is notable that Bezos’ net worth continues to fluctuate with Amazon’s performance in the stock market. This connection to the company’s success reflects the entrepreneur’s remarkable journey in building one of the world’s most valuable businesses.

FAQ

Q: How much does Michael Dell earn as the CEO of Dell Technologies?

A: While Michael Dell voluntarily forwent his base salary for a portion of fiscal year 2021 due to the global COVID-19 pandemic, his total compensation was $930,400. This included a salary of $255,700, non-equity incentive compensation of $665,000, and additional compensation of approximately $10,000.

Q: Who were the top executives at Dell Technologies in fiscal year 2021?

A: The top five executives at Dell Technologies in fiscal year 2021 were Michael Dell, Tom Sweet, Richard Rothberg, Bill Scannell, and Jeff Clarke.

Q: What is Michael Dell’s net worth?

A: According to Forbes, Michael Dell has a net worth of $50.2 billion. The majority of his wealth comes from his significant stock ownership and various private ventures.

Q: What was Tom Sweet’s compensation in fiscal year 2021?

A: Tom Sweet, the Chief Financial Officer of Dell Technologies, received a total compensation of $7.3 million in fiscal year 2021. This included a salary of $750,000, stock awards worth $5.24 million, non-equity incentive plan compensation of $1.27 million, and other compensation totaling $44,400.

Q: What was Richard Rothberg’s compensation in fiscal year 2021?

A: Richard Rothberg, the General Counsel of Dell Technologies, received a total compensation of $8.56 million in fiscal year 2021. This included a base salary of $627,500, stock awards worth $6.83 million, non-equity incentive plan compensation of $1.06 million, and other compensation totaling $39,000.

Q: What was Bill Scannell’s compensation in fiscal year 2021?

A: Bill Scannell, the President of Global Sales and Customer Operations at Dell Technologies, received a total compensation of $12.1 million in fiscal year 2021. This included a base salary of $750,000, stock awards worth $10.24 million, non-equity incentive plan compensation of $1.07 million, and other compensation totaling $40,000.

Q: What was Jeff Clarke’s compensation in fiscal year 2021?

A: Jeff Clarke, the Vice Chairman and Chief Operating Officer of Dell Technologies, received a total compensation of $15.06 million in fiscal year 2021. This included a base salary of $881,000, stock awards worth $12.64 million, non-equity incentive plan compensation of $1.49 million, and other compensation totaling $50,000.

Q: What was the combined total compensation for Dell Technologies’ top executives in fiscal year 2022?

A: While specific details of each executive’s compensation breakdown are not provided, the combined total compensation for Dell Technologies’ top five executives in fiscal year 2022 was $93 million. This reflects the company’s strong financial performance and their individual contributions to its growth.

Q: Who was the highest paid Big Tech CEO in 2019?

A: Satya Nadella, the CEO of Microsoft, was the highest paid Big Tech CEO in 2019, earning a total income of $13.1 million.

Q: How much did Tim Cook, the CEO of Apple Inc., earn in 2019?

A: Tim Cook earned a total income of $10.7 million in 2019, including base salary, Apple shares, and a performance bonus.

Q: What was Ginni Rometty’s income as the CEO of IBM in 2019?

A: Ginni Rometty, the former CEO of IBM, earned a total income of $6.6 million in 2019, including a base salary and an incentive.

Q: What is Jeff Bezos’ salary as the CEO of Amazon?

A: Jeff Bezos receives a modest salary of $81,840 annually as the CEO of Amazon. However, his net worth exceeds $126 billion due to his significant ownership stake in the company.

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