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Michael Dell Discusses Dell Going Private

September 13, 2013 | About:

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batbeer2
Batbeer2 premium member - 7 months ago
"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".

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