Michael Dell wants to stay with Dell even if buyout fails

Michael Dell founded the PC maker that bears his name, Dell, in 1984 and has been its CEO for most of its existence (he left as CEO in 2004 but returned in 2007). Now, he is facing perhaps the biggest challenge to his leadership since he founded Dell as his shareholders plan to vote later this week on his final offer that would take the company back to a private business.

In a new interview with the Wall Street Journal, Dell stated, "If the deal does not go through, I plan to stay and continue to do my best to make the company successful." Last week, Dell postponed its shareholder's vote on the plan but Michael Dell and his partners boosted their initial offer by 10 cents per share to $13.75. Dell made it clear that would be his final offer to the shareholders, who will now vote on his proposal on Thursday, August 2nd. If the deal goes through, it will be financed in part by a $2 billion investment from Microsoft.

Activist investor and billionaire Carl Icahn claims he has a better offer for Dell stock owners. He says he will pay $14 for each share of Dell, while still keeping some of the company public. However, Michael Dell said in today's interview he would not support Icahn's recapitalization plans as part of his offer, saying, " ... I am ready to fight and I am committed to doing what I believe is right for the company."

Source: Wall Street Journal | Image via Forbes

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Maybe he thinks there's a market for high quality consumer products

although personally, the first thing I'd do is ditch alienware....they are the PC equivalent of bermuda shorts

glen8 said,
Maybe he thinks there's a market for high quality consumer products

although personally, the first thing I'd do is ditch alienware....they are the PC equivalent of bermuda shorts


glen8 said,
Maybe he thinks there's a market for high quality consumer products

although personally, the first thing I'd do is ditch alienware....they are the PC equivalent of bermuda shorts


And to expensive to compete with other brands gaming pc's.
Another thing Dell needs to work on is their own online prices, seriously, as example my Ultra Sharp costs 1000,- US$ if you buy it from DELL compared to 700,-US$ when bought from a web shop.
Nothing justifies Dell to take more for the hardware if it's bought from their own web shop, I mean, even Apple isn't that stupid.

i would venture to say that he would want to stay with the company as it is something that He devoted a lot of his time money and hard work to build. That sort of thing would be difficult to give up.

And it carries his name and legacy.

At least he's putting a lot of personal effort into Dell, unlike any other CEO would've. I can always admire CEO's with a heart for their company instead of moneymoneymoney.