Dell founder compensation declines in fiscal 2009

SAN FRANCISCO (Reuters) - Michael Dell's total compensation declined by roughly $200,000 last year as the PC maker that bears his name experienced continuing competitive and economic challenges.

Dell, who founded Dell Inc (DELL.O) more than 20 years ago, received total compensation of $2.13 million in fiscal 2009, ended January 30, according to a regulatory filing released on Monday.

Dell's salary was $931,731 last year vs. $950,000 a year earlier. Dell received no bonus in fiscal 2009, as in the previous two years. He received about $17,000 of equity option awards, and $1.8 million of "other" compensation, primarily for security.

Dell Inc is the No. 2 PC maker worldwide, behind Hewlett-Packard Co (HPQ.N). In the first quarter, Dell was displaced as the top U.S. PC maker for the first time since 1999, according to research firm IDC.

Dell's stock is down 53 percent from its 52-week high of $26.04. The company's shares, which traded at $12.14 Monday afternoon trade, are up more than 50 percent from lows in late February.

Steve Schuckenbrock, president of Dell's Large Enterprise business, received total compensation of $10.7 million last year, according to Dell, with a salary of roughly $678,000, $2.3 million of stock awards and $7.1 million of equity options.

Chief Financial Officer Brian Gladden, who took the job in June 2008, received total compensation of $9.3 million, with a salary of roughly $468,000.

(Reporting by Alexei Oreskovic; Editing by Steve Orlofsky)