Dell Board, Executives Receive $59 Million Payout
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Dell Inc.’s directors and top executives received a combined $59.1 million as part of the $24.9 billion leveraged buyout by Michael Dell and Silver Lake Management LLC.
The payout included partial compensation for options that couldn’t be exercised because their conversion prices were more than the purchase offer of $13.75 a share, according to filings with the U.S. Securities and Exchange Commission that were made public Oct. 31.