Tech billionaire Michael Dell just gifted $350 million of stock – days before he’s set to pocket a huge windfall

Tech billionaire Michael Dell just gifted 0 million of stock – days before he’s set to pocket a huge windfall

Michael Dell recently gifted $350 million worth of Dell Technologies stock to good causes. The multibillionaire gave the shares to his family foundation and other charitable funds he advises. Dell is set to receive over $20 billion in stock and cash when Broadcom buys VMware this month. … Source link

First Circuit Finds Commission Plan’s Windfall Provision Permissible Under Massachusetts Wage Act | JD Supra

First Circuit Finds Commission Plan’s Windfall Provision Permissible Under Massachusetts Wage Act | JD Supra

In Klauber v. VMWare, the First Circuit upheld an employer’s use of a provision in its compensation plan that allowed it to modify commissions on certain large or atypical sales.  These “windfall” clauses are common in sales commission plans, and the First Circuit’s decision affirms that employers may continue to use them without violating the … Read more