COVID Stimulus Watch Individual Entry
Recipient Company:
VMware Inc
Loan or Loan Guarantee Amount:
$1,156,275
Recipient Details
Ownership Structure: publicly traded (ticker symbol DVMT)
Award Details
Award Date: Oct 2, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Dell Technologies
Headquartered in: Texas
Parent Sector: electrical and electronic equipment
Parent Industry: computers
Employees (prior to pandemic): 165,000
Accountability Issues Since 2010
Employment-related Penalties: $10,746,882
Government-contracting-related Penalties: $163,000,000
Environmental / Healthcare / Safety Penalties: $75,280
Consumer Protection / Financial / Competition-related Penalties: $100,000,000
Ratio of CEO Pay to that of Median Worker: 39 to 1
CEO Compensation: $3,359,058
Worker Median Pay: $86,087
Total Federal, State, and Local Subsidies: $56,592,951
Violation Tracker
Tax / Subsidy Issues
Environment / Safety Issues
Consumer Protection Issues
CEO Pay Issues