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Dell: Dude, You’re Not Getting a Bonus

Dell: Dude, You’re Not Getting a Bonus

by Frank Roche on February 4, 2007

in Management, Pay, Performance

Dude, You’re Not Getting a Bonus
Michael Dell sent an e-mail to all Dell employees announcing a number of business management and personnel changes. Quick summary: Dude, you’re not getting a bonus. Austin-based blog Translucence got a copy of the all-employee memo, which says there will be no bonuses for anyone because of underperformance. Michael Dell writes:

Last year, we worked really hard and there were many sacrifices. Thanks!

We had great efforts, but not great results. This is disappointing and it is unacceptable.

The result is that there will be no bonus this year. I know this is a big deal for you and your teams. We’re going to fix that so that our efforts translate into great results and success for our teams.

Mr. Dell did say there would be some money available for spot bonuses and they “are also budgeting for above-market raises this year.” It is an interesting time in Dell’s history. The essence of the big changes in Round Rock revolve around reducing bureaucracy. I really admire Michael Dell’s courage and conviction on this. It’s a huge decision to not pay bonuses and delivers a big message. I’ll be watching The Vault for reaction.

[tags]Dell bonuses, Dell, performance, pay[/tags]

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