Dell Bidders Looking at Possible Replacements for Michael Dell

By Jeffrey Burt  |  Posted 2013-06-12

Since returning as Dell's CEO in 2007, Michael Dell has been working to transform the company from a PC maker into an enterprise IT solutions and services provider. In February, Dell announced a $24.4 billion proposal in which Michael Dell, with private equity firm Silver Lake Partners, would buy the company and take it private. The move would enable him and other Dell executives to accelerate the transformation outside the scrutiny of Wall Street. Soon after the proposal was announced, some investors balked, saying the $13.65-per-share price undervalued the company and helped only Michael Dell. Now a group that includes investors Carl Icahn and Southeastern Asset Management is bidding for the company. Not only would it keep the company public, but it also would mean a new CEO to replace Michael Dell, who has guided the company for all but three years. Icahn and Southeastern have begun contacting some CEO candidates, according to Reuters. Included in this slide show are a few people named as possible candidates to replace Michael Dell should he lose his bid to buy the company and the one person other than Michael Dell ever to be CEO of the company. Shareholders are scheduled to vote on Michael Dell's proposal July 18.


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