Dell will pay former its former chief executive, Kevin Rollins, $48.5 million in cash related to expired stock options that remain frozen because of an accounting investigation, according to an Associated Press story in the Houston Chronicle.

The computer company's accounting practices have been under federal investigation for the past year. Last week, Rollins, whom analysts faulted for Dell's recent stumbles in the PC market, took a position with TGP Capital Partners, a private investment firm based in Kansas City, Mo.

According to Dell's filing with the U.S. Securities and Exchange Commission, Rollins will receive the money about  45 days after Dell files its annual report, according to a Reuters story in Information Week.