Tucci, Top EMC Execs Stand To Collect Nearly $150M When Dell Deal Is Done
The Big Payout
It's no secret that acquisitions can result in big paydays for the executives at the top of the company that's up for sale. That's certainly the case with Dell's planned acquisition of storage giant EMC, of Hopkinton, Mass., unveiled Monday. While Dell has indicated that some EMC execs could remain with the combined company, no specifics have been offered. If the deal comes to fruition as planned (it's expected to close by next October) and execs are terminated or leave on their own for "good reason," within two years, it would trigger the pre-set paydays included in the employment agreements of several of EMC's executive leaders, who would rake in millions after the $67 billion deal is done.
EMC Chairman and CEO Joe Tucci, Information Infrastructure CEO David Goulden, marketing chief Jeremy Burton and three other executives stand to collectively receive nearly $150 million, according to EMC filings with the U.S. Securities and Exchange Commission. Here's a look at who's potentially on the verge of a windfall and how it will all come about.