Ron Garriques, President of Dell’s Communications Solutions business – the part of Dell responsible for its mobile products – is leaving the company. He’ll remain an employee until the end of January 2011 and will continue as a consultant for the rest of that year. As a result he’ll receive a $1.44 million severance payment, an incentive plan payment of $378,000 and consultancy fees worth $6,308,240. (That's about £5 million in total).
The consultancy agreement prevents Mr Garriques from working for a Dell competitor at the same time, so it seems unlikely we’ll be hearing much from him until 2012.
[Securities and Exchange Commission filing]