Here Are Dell’s Top 5 Most Highly Compensated Executives

Fiscal year 2021 was a great year for Dell Technologies as it continues to transform itself. Here are Dell’s five most highly compensated executives.

Dell Technologies’ Most Highly Compensated Leaders

With Dell Technologies founder, chairman and CEO Michael Dell voluntarily forgoing his base salary for a portion of fiscal year 2021 due to the global COVID-19 pandemic, Dell’s CEO was not the most highly compensated executive at his company in fiscal year 2021.

The Round Rock, Texas-based infrastructure and PC giant recently disclosed the company’s most highly compensated executives in a proxy filing with the U.S Securities and Exchange Commission. The company hasn’t skipped a beat throughout the COVID-19 coronavirus pandemic, with full-year fiscal year 2021 revenue reaching $94.2 billion, up 2 percent year over year. Dell’s fiscal year 2021 ran from Feb. 1, 2020 to Jan. 29, 2021.

Dell is also reconstructing itself by selling or spinning off many of its brands over the past 18 months, including RSA, VMware, Pivotal Software and Boomi to focus on “high-priority” markets. Dell also is shifting its operations and sales motion toward Everything as a Service with Apex.

With so much going on at Dell this year, CRN breaks down the company’s five most highly compensated executives of fiscal year 2021, according to Dell’s filing with the SEC.

Michael Dell, Founder, Chairman, CEO

Total FY21 Compensation: $930,400

Total FY20 Compensation: $3.36 Million

Michael Dell is currently ranked the No. 30 wealthiest person in the world by Forbes with a net worth of $50.2 billion as of May 17. Dell will also hold a 41 percent stake in VMware after his company spins out VMware to Dell Technologies shareholders later this year. So although his total compensation is less than $1 million, the vast majority of Michael Dell’s wealth is in stocks and his various private ventures such as his new special purpose acquisition company (SPAC), MSD Acquisition Corp.

On April 7, 2020, as the COVID-19 pandemic was rapidly spreading across the globe and forcing lock-downs, Michael Dell agreed to forgo his base salary for fiscal year 2021—except the necessary funding needed to participate in Dell’s health and welfare benefits plans—resulting in a 73 percent reduction in his salary. Dell’s voluntary salary cut also affected his target bonus opportunity and other compensation areas.

For fiscal year 2021, Michael Dell’s salary was $255,700. His non-equity incentive plan compensation was $665,000 with all other compensation totaling roughly $10,000, bringing Michael Dell’s total compensation to $930,400.

Tom Sweet, Chief Financial Officer

Total FY21 Compensation: $7.3 Million

Total FY20 Compensation: $7.29 Million

Tom Sweet has played a significant role inside Dell Technologies for more than two decades, overseeing all aspects of the company’s financing as well as successfully helping the company transition from being a public company to going private in 2013, then moving back into the public market in late 2018. He also is responsible for global business operations including Dell Financial Services and Dell Technologies Capital and played a key role in Dell’s historic acquisition of EMC.

In fiscal year 2021, Sweet received a salary of $750,000 with stock awards totaling $5.24 million. He also received non-equity incentive plan compensation of $1.27 million and $44,400 in all other compensation. Sweet’s total compensation in fiscal year 2021 was approximately $7.30 million.

Richard Rothberg, General Counsel

Total FY21 Compensation: $8.56 Million

Total FY20 Compensation: Not Available

Richard Rothberg has served in top leadership roles throughout Dell’s legal department since joining the company in 1999. Rothberg currently oversees the global legal department and manages government affairs, compliance and ethics. He’s also responsible for global security for Dell Technologies.

In fiscal year 2021, Rothberg received a base salary of $627,500 with stock awards of $6.83 million. He also received non-equity incentive plan compensation of $1.06 million with $39,000 in all other compensation. In total, Rothberg generated $8.56 million in total compensation in fiscal year 2021.

Bill Scannell, President, Global Sales And Customer Operations

Total FY21 Compensation: $12.1 Million

Total FY20 Compensation: $19.94 Million

Bill Scannell is Dell Technologies’ global sales leader and oversees the company’s entire go-to-market organization. The 35-year Dell veteran is responsible for its direct and channel sales, driving shareholder value and revenue growth for the Dell’s products, services and solutions in 180 countries around the world. Scannell has been critical to Dell’s market-share leadership position in IT infrastructure for years, while also helping the company through many market transitions as well as the successful integration of EMC into Dell.

In fiscal year 2021, Scannell received a base salary of $750,000 with stock awards of $10.24 million. He also received non-equity incentive plan compensation of $1.07 million with $40,000 in all other compensation. In total, he generated approximately $12.10 million in total compensation in fiscal year 2021.

Jeff Clarke, Vice Chairman, Chief Operating Officer

Total FY21 Compensation: $15.06 Million

Total FY20 Compensation: $9.33 Million

Jeff Clarke plays one of the most important roles at Dell Technologies from driving the innovation engine to shaping Dell’s overall strategy. As vice chairman and COO of Dell, Clarke is responsible for running day-to-day business operations at the company. He oversees Dell’s operations including global manufacturing, procurement and its supply chain activities.

Clarke spearheads all of the engineering, design and development of Dell’s Infrastructure Solutions Group, which includes servers, storage, data protection, networking and hyperconverged infrastructure. Clarke joined Dell in 1987.

In fiscal year 2021, Clarke received a base salary of $881,000 with stock awards of $12.64 million. He also received non-equity incentive plan compensation of $1.49 million with $50,000 in all other compensation. In total, Clarke aw approximately $15.06 million in total compensation in fiscal year 2021.