Hi Kemble! Re:"I was teaching school and climbing ladders afternoons and Saturdays...The student/athlete I had hired to help me paint is the one who Michael reminded me of..."
... Okay, I was right out of college, and teaching and tutoring in Palo Alto, 16 years ago. Michael reminds me of one of the kids I tutored.. just a great kid with awesome values and a lot of potential for whatever he chose for a living. He is 30 now. I taught a several kids who were great role models! I still get mail and e-mail from many of them. But now, I have moved on to Media and Marketing. Teaching was very rewarding.
Check out the deal that Vanderslice got... :)Leigh
austin360.com
By John Pletz
Austin American-Statesman
Monday, May 1, 2000
When Jim Vanderslice left the safety of Big Blue for Dell Computer Corp.'s office of the chairman, he brought along his own security blanket.
Vanderslice, a 33-year IBM veteran who replaced Mort Topfer as a vice chairman in the triumvirate that leads Dell, has a lucrative contract heavy on provisions to protect him if the job doesn't work out. Vanderslice signed a three-year agreement with Dell in December, according to the company's annual report filed with the Securities and Exchange Commission.
If he's fired within those three years for any reasons other than gross neglect, misconduct or felony conviction, Vanderslice, 59, receives 15 months' pay from the time he's given notice.
He also receives up to $35 million in cash if the company's market capitalization is less than $165 billion when he's dismissed. On Friday, Dell's market cap was $129.7 billion.
Vanderslice's agreement with Dell isn't particularly lucrative or unusual, however, said Don Townsend, a vice president in A.T. Kearney's executive-search practice in Dallas.
"What any executive in that situation is asking for is some insurance for what he's leaving behind," Townsend said. "For Dell, it's insurance that says, 'We think we're choosing the right guy, but if we're not, we want to be able to get out of it gracefully.' " |
