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Michael Dell Discusses Dell Going Private
Posted by: Holly LaFon (IP Logged)
Date: September 13, 2013 10:23AM




Guru Discussed: Michael Dell: Current Portfolio, Stock Picks
Stocks Discussed: DELL,
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Re Michael Dell Discusses Dell Going Private
Posted by: batbeer2 (IP Logged)
Date: September 13, 2013 04:40PM

"You're gonna see Dell in all of it's glory."

WOW!

That's the first time I've seen the CEO of a company that is being taken private not talk about how this is a very good deal for shareholders. I believe it isn't, but unless he firmly believes it is, it is his duty to not do it.

What he's saying is that he prefers to restructure the company without having to file those pesky public quarterly reports. Meanwhile, it never even crosses his mind that he has a fiduciary duty to shareholders. FWIW, I believe Dell would fetch at least $35B in an open auction today.

Michael Dell seems very proud of what he's done. This is worse than fraud.

In future, the name "Michael Dell" will have the same effect on me as "Bernie Madoff".



Guru Discussed: Michael Dell: Current Portfolio, Stock Picks
Stocks Discussed: DELL,
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