Thread regarding Dell Inc. layoffs

US Severance packages: execs kept LTI vesting but removed for non-execs

Previously non-execs would get accelerated vesting of LTI restricted stock units (RSUs) within 90 days but this was removed this year. Executives, however, get to keep any RSUs accelerated to vest up to and including March 15, 2025.

With the significant run-up in Dell stock over the past year this is really extra salt in the wound for non-execs who are departing. The loss can easily be 6 figures while executives whose RSUs are MUCH higher keep at huge portion of what they had. Shameful policy change.

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| 1491 views | | 5 replies (last August 15, 2024) | Reply
Post ID: @OP+1u0ioAsR

5 replies (most recent on top)

At VP levels and above, they usually have an individual contract. My guess is that exit terms are laid out in those contracts, so they can’t just take those things away, unless fired for cause.

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Post ID: @1yfo+1u0ioAsR

Posted internally if you dig - perhaps only to managers. Leaving Dell: Benefits Guide

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Post ID: @foq+1u0ioAsR

no surprise that's comp packages vary

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Post ID: @dez+1u0ioAsR

Is anyone really surprised?
Dell has absolutely zero innovation. The only trick they have is cost cutting and penny pinching and latching onto buzzwords

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Post ID: @brv+1u0ioAsR

Where do you see this information at?

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Post ID: @vkp+1u0ioAsR

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