The transaction would be led by Dell founder and CEO Michael Dell and the private equity firm Silver Lake Partners.
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It may be time for the management team, led by CEO Michael Dell, to do something about enhancing the stock price.
Michael Dell is the founder, Chairman and CEO of Dell Inc.
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Other losers in the tech spectrum included Michael Dell and Microsoft CEO Steve Ballmer.
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The problem at the time was that if CEO Kevin Rollins and then Chairman Michael Dell were both charged with fraudulent behavior, Dell could not return to his company as the Board wanted him to resume his role as CEO.
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"We are consistently executing our end-to-end solutions strategy for the benefit of our customers, " said Michael Dell, Chairman and CEO.
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"We're transforming our business, not for a quarter or a fiscal year, but to deliver differentiated customer value for the long term, " said Michael Dell, chairman and CEO.
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Michael Dell had stepped down as CEO in favor of Rollins on March 4, 2004.
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After the deal closes, Michael Dell will remain chairman and CEO.
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Michael Dell, who founded Dell out of his college dorm room in 1984, retook the CEO job in 2007 after sales faltered.
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Michael Dell, who founded Dell out of his college dorm room in 1984, retook the CEO job in 2007 after sales faltered as rivals including Hewlett-Packard figured out sooner that computer users wanted stylized notebooks instead of the lost-cost, utilarian machines Dell was churning out.
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Or Michael Dell, who at 27 became the youngest ever CEO to head a major American company.
The board could have informed Michael Dell that if he wanted to stay on as CEO he needed to claw-back his stock option gains attributable to the allegedly fraudulent accounting, but it did not.
Michael Dell announced the leveraged buyout after his turnaround plan, started with his return as CEO in 2007, failed to revive sales and profit.
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Michael Dell will continue to lead the Round Rock, Texas-based company as chairman and CEO, with the current leadership team.
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The truth is that Michael Dell is a great example of a founder who long-ago outlived his usefulness as CEO.
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