Dell Inc. founder Michael Dell will only consider backing a buyout by the Blackstone Group LP (BX) if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions. In several recent meetings in Austin, Texas, with Chinh Chu and David Johnson – the Blackstone executives overseeing the firm’s bid — Michael Dell [...]
Dell Trimming $2 Billion Over 3 Years as It Considers Life Beyond PCs
June 15, 2012 | Posted by
Less than a decade has passed since Dell was the gold standard in PC sales. Eschewing retail stores in favor of a website where shoppers could customize their own laptops, Dell offered low-cost, well-designed computers and built a supply chain that was the envy of the industry. Today the company announced a plan to shed [...]
