And at DELL world Michael Dell had some great things to say about his plans.
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The magnitude of the fines levied by the SEC on Dell and Michael Dell, compared with the wealth harvested, is grossly inadequate.
By contrast, Semel, a former movie mogul, has often seemed out of place in an industry of geeks-turned-CEOs like Apple's Steve Jobs, Dell's Michael Dell and Amazon.com 's Jeff Bezos.
The PE firm will end up with a minority stake in Dell, while Michael Dell, who rolled over his 14 percent stake in the company and forked over extra cash from his venture capital firm MSD Capital, will own the majority.
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Dell Chief Executive Michael Dell has been slowly reshaping the company he founded, shifting into higher margin products and services targeting corporate data centers even as it continues cranking out PCs a business HP flirted with dumping earlier this year.
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The Southeastern position, in effect, is that Michael Dell is acting out of simple economic self-interest and not out of his stated desire to hasten the transformation of the company without worrying about quarterly financial performance. (But, you are thinking, Gordon Gekko taught us that greed is good, right?) In short, Southeastern is saying that Michael Dell is seizing the day, buying back the company he founded on the cheap.
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The transaction would be led by Dell founder and CEO Michael Dell and the private equity firm Silver Lake Partners.
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With both Carl Icahn and Blackstone Group leading separate efforts to outbid the Dell internal group (Michael Dell and Silver Lake Partners aided by Microsoft), Dell stands a chance of losing his job exactly the opposite of his intention when he set out on the journey to take the company private.
He read the tales of how bad the Dell was doing and how Michael Dell could not turn the company around under the white-hot scrutiny and short term demands of the public markets.
At Dell World last week, Michael Dell hosted a variety of speakers, most of whom pointed to a vision of a new CIO, one who abandons the under-the-hood, component level focus in favor of vastly increased attention on business processes and crafting and configuring applications to support them.
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By contrast, Semel, a former movie mogul, has often seemed out of place in an industry of geeks-turned-CEOs like Apple's (nasdaq: AAPL - news - people ) Steve Jobs, Dell's (nasdaq: DELL - news - people ) Michael Dell and Amazon.com 's (nasdaq: AMZN - news - people ) Jeff Bezos.
Look at the acquisitions that Dell has been making to get an idea where Michael Dell intends to go.
But that is exactly the reason why Dell will be bolstered by going private, Michael Dell will go back to his scrappy roots with a long view.
On the same day it was revealed the billionaire has taken a stake in Dell and opposes the leveraged buyout being led by founder Michael Dell, an SEC filing shows he has increased his stake in Herbalife to 15.55%, from 13.6%.
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The largest independent shareholder in PC-maker Dell has vowed to oppose a plan by its founder, Michael Dell, to buy back the company.
In the Dell case, the original firm that broached the idea of going private with Michael Dell last summer was frozen out of the deal.
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Dell Scholars Program: The Michael and Susan Dell Foundation has a nationwide college readiness program.
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Dell today again urged shareholders to allow the company to sell itself to billionaire founder Michael Dell and private equity shop Silver Lake Partners, prompting the activist investors opposing the deal to step up their campaign to scuttle it.
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Dell's third-quarter numbers, however, may be less important than Chief Executive Michael Dell 's remarks.
And the SEC says Dell consistently misrepresented how it has generated consistent growth numbers resulting in illusory stock values that made possible Michael Dell's astronomical stock option gains.
But even with perfectly reasonable concerns about the long-term prospects for Dell, the company is being valued cheaply by the markets and the would-be owners Michael Dell himself and the buyout firm Silver Lake partners .
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Almost two years ago I attended the Dell analyst meeting in Austin to hear about the rollout of the new management team and the new business plan Michael Dell was embracing upon his return to the company.
Michael Dell is reputed to be conservative politically, and Clinton is a champion of liberal causes.
When I asked him to name his greatest philanthropic mentor he responded without hesitation: Michael Dell.
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All this, presumably, is why Michael Dell sees Silver Lake as a good match.
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Michael Dell is back at his creation to haul it into a new era.
First, did shareholders outside of founder Michael Dell ever have a chance at a better deal?
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In February, company founder Michael Dell moved to replace struggling Chief Executive Kevin Rollins.
Michael Dell had stepped down as CEO in favor of Rollins on March 4, 2004.
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