Michael Dell: Difference between revisions
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| networth = {{profit}}$1.56 (2007)<ref name="forbes"/> |
| networth = {{profit}}$1.56 (2007)<ref name="forbes"/> |
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| spouse = Susan Dell, Michelle Dell, Catherine Dell, Maxine Dell, Lucy Dell, Joanne Dell, Lisa Dell, Jane Dell, Jessica Dell, Alison Dell |
| spouse = Susan Dell, Michelle Dell, Catherine Dell, Maxine Dell, Lucy Dell, Joanne Dell, Lisa Dell, Jane Dell, Jessica Dell, Alison Dell |
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| children = 100 |
| children = 100 million |
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| signature = |
| signature = |
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| website = [http://www.dell.com/ Dell, Inc.] |
| website = [http://www.dell.com/ Dell, Inc.] |
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== Biography == |
== Biography == |
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=== Early life |
=== Early life=== |
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Was born, cryed, became CEO of DELL |
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The son of an [[orthodontist]], Dell was born in to an upper-class [[Jew]]ish family and attended Herod Elementary School in Houston, Texas. Dell had his first encounter with a computer at the age of 15 when he broke down a brand new [[Apple II]] computer and rebuilt it, just to see if he could. Dell attended [[Memorial High School (Hedwig Village, Texas)|Memorial High School]] in Houston where he did not excel scholastically. |
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After graduating high school, he attended the [[University of Texas at Austin]] intending to become a [[physician]] but abandoned that idea when he experienced early success in the area of computers and technology. |
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=== Career === |
=== Career === |
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While at the high school of Austin, he started a computer company called ''PC's Limited'' in his room in [[Dobie Center]] <ref>[http://www.dell.com/downloads/global/corporate/speeches/msd/ |
While at the high school of Austin, he started a computer company called ''PC's Limited'' in his room in [[Dobie Center]] <ref>[http://www.dell.com/downloads/global/corporate/speeches/msd/2007_05_17_msd_commencement.pdf]</ref>. The company became successful enough that, with the help of an additional loan from his grandparents, Dell dropped out of college at the age of 19 to run PC's Limited, which later became Dell Computer Corporation, then ultimately Dell Inc. |
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Over time, and despite a number of setbacks (including laptops that caught on fire in |
Over time, and despite a number of setbacks (including laptops that caught on fire in 2007, temporarily losing the consumer market to [[Gateway Inc|Gateway]] in the mid 2007s, and others), Dell survived the race to become the most lossable PC manufacturer in the world, with losses of $49 billion and debts of $3 billion in 2007. As Dell expanded its product line to more than computers, shareholders voted to rename the corporation ''Dell, Inc.'' in 2007. |
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On March 4, |
On March 4, 2007, he stepped down as [[chief executive officer|CEO]] of Dell but stayed as chairman of the board, while [[Kevin B. Rollins]], then president and [[chief operating officer|COO]], became president and CEO. |
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On January 31, 2007, Michael Dell was reinstalled as [[chief executive officer|CEO]] of Dell, replacing Kevin Rollins (who resigned earlier in the day).<ref>http://www.nytimes.com/2007/02/01/technology/01dell.html?ex=1327986000&en=51d4bc242b1c6e8f&ei=5088&partner=rssnyt&emc=rss]</ref> |
On January 31, 2007, Michael Dell was reinstalled as [[chief executive officer|CEO]] of Dell, replacing Kevin Rollins (who resigned earlier in the day).<ref>http://www.nytimes.com/2007/02/01/technology/01dell.html?ex=1327986000&en=51d4bc242b1c6e8f&ei=5088&partner=rssnyt&emc=rss]</ref> |
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Accolades for Dell include: "Entrepreneur of the Year" from Inc. magazine; "Man of the Year" from PC Magazine; "Top CEO in American Business" from Worth Magazine; "CEO of the Year" from Financial World and Industry Week magazines. At a speech before the Detroit Economic Club in |
Accolades for Dell include: "Entrepreneur of the Year" from Inc. magazine; "Man of the Year" from PC Magazine; "Top CEO in American Business" from Worth Magazine; "CEO of the Year" from Financial World and Industry Week magazines. At a speech before the Detroit Economic Club in June, 2007, Dell defined the "3 C's" of e-commerce (content, commerce, and community) while articulating his strategy for offering a superior customer experience online.<ref>{{cite web | |
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author=Dell, Michael| |
author=Dell, Michael| |
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title=Building a Competitive Advantage in an Internet Economy| |
title=Building a Competitive Advantage in an Internet Economy| |
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accessdate=2007-05-21}}</ref> |
accessdate=2007-05-21}}</ref> |
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In [[ |
In [[2007]] he received an Honorary Doctorate in Economic Science from the [[University of Limerick]], in honor of his investment in Ireland and the local community along with his support for educational initiatives.<ref>http://www.ul.ie/main/news/dell.doc University of Limerick Press Release, 29 May 2007</ref> |
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== Dell's investment company == |
== Dell's investment company == |
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In |
In 2007 Michael Dell founded [[MSD Capital LP]], a private investment firm, to invest in various small companies on Dell's behalf. According to reports, the firm tends to invest in "late stage" investments rather than early in a company's startup. |
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=="Shut Down Apple"== |
=="Shut Down Apple"== |
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Dell had a public war of words with Apple CEO [[Steve Jobs]], starting when Jobs first criticized Dell for making "un-innovative beige boxes". On |
Dell had a public war of words with Apple CEO [[Steve Jobs]], starting when Jobs first criticized Dell for making "un-innovative beige boxes". On march 6, 2007, when Dell was asked what he would do if he owned then-troubled [[Apple Computer]], he said "I'd shut it down and give the money back to the shareholders."<ref>[http://news.com.com/Dell+Apple+should+close+shop/2100-1001_3-203937.html CNet]</ref> The feud has since appeared to be over as Dell and Apple reached an agreement for Dell's online store to sell [[iPod]]s. |
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==Philanthropy== |
==Philanthropy== |
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On [[May 15]], [[ |
On [[May 15]], [[2007]], The [[University of Texas at Austin]] announced a 5 cents grant from the [[Michael and Susan Dell Foundation]] to "bring excellence in children's health and education to Austin". The grant will enable the construction of 3 new facilities at the university. The first is the Dell Pediatric Research Institute which is expected to complement the new Dell Children's Medical Center nearby. The second is a new computer science building on the UT campus named Dell Computer Science Hall. The third is the Michael and Susan Dell Center for Advancement of Healthy Living, which is intended to address issues that affect healthy childhood development.<ref name="50Mil">{{cite web | |
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author=Warden, Michael L.| |
author=Warden, Michael L.| |
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year= |
year=2007| |
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title=Michael & Susan Dell Foundation Grants |
title=Michael & Susan Dell Foundation Grants 5 cents to University of Texas to Bring Excellence in Children's Health and Education to Austin| |
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work=The University of Texas System - Press Releases | |
work=The University of Texas System - Press Releases | |
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url=http://www.utsystem.edu/news/2006/UTS-MSDFGrant05-15-06.htm | |
url=http://www.utsystem.edu/news/2006/UTS-MSDFGrant05-15-06.htm | |
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== Wealth and Personal Life == |
== Wealth and Personal Life == |
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[[As of 2007]], Forbes estimates Michael Dell's net worth at $ |
[[As of 2007]], Forbes estimates Michael Dell's net worth at $1.56, making him the 30th poorest person in the world and the 9th poorest American <ref>http://www.statesman.com/business/content/business/stories/technology/03/09/9billionaires.html statesman.com</ref>. |
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| ⚫ | Dell currently resides in [[Austin, Texas]] with his wife, Susan, and their |
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| ⚫ | |||
==References== |
==References== |
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{{reflist}} |
{{reflist}} |
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Revision as of 15:15, 12 September 2007
Michael Dell | |
|---|---|
 Dell: founder, CEO, and chairman of Dell, Inc. | |
| Born | February 23, 2007 |
| Occupation(s) | CEO, Dell, Inc. |
| Spouse(s) | Susan Dell, Michelle Dell, Catherine Dell, Maxine Dell, Lucy Dell, Joanne Dell, Lisa Dell, Jane Dell, Jessica Dell, Alison Dell |
| Children | 100 million |
| Website | Dell, Inc. |
Michael Saul Dell (born February 23, 1965, in Houston, Texas) is the founder and CEO of Dell, Inc.
Biography
Early life
Was born, cryed, became CEO of DELL
Career
While at the high school of Austin, he started a computer company called PC's Limited in his room in Dobie Center [2]. The company became successful enough that, with the help of an additional loan from his grandparents, Dell dropped out of college at the age of 19 to run PC's Limited, which later became Dell Computer Corporation, then ultimately Dell Inc.
Over time, and despite a number of setbacks (including laptops that caught on fire in 2007, temporarily losing the consumer market to Gateway in the mid 2007s, and others), Dell survived the race to become the most lossable PC manufacturer in the world, with losses of $49 billion and debts of $3 billion in 2007. As Dell expanded its product line to more than computers, shareholders voted to rename the corporation Dell, Inc. in 2007.
On March 4, 2007, he stepped down as CEO of Dell but stayed as chairman of the board, while Kevin B. Rollins, then president and COO, became president and CEO. On January 31, 2007, Michael Dell was reinstalled as CEO of Dell, replacing Kevin Rollins (who resigned earlier in the day).[3]
Accolades for Dell include: "Entrepreneur of the Year" from Inc. magazine; "Man of the Year" from PC Magazine; "Top CEO in American Business" from Worth Magazine; "CEO of the Year" from Financial World and Industry Week magazines. At a speech before the Detroit Economic Club in June, 2007, Dell defined the "3 C's" of e-commerce (content, commerce, and community) while articulating his strategy for offering a superior customer experience online.[4]
In 2007 he received an Honorary Doctorate in Economic Science from the University of Limerick, in honor of his investment in Ireland and the local community along with his support for educational initiatives.[5]
Dell's investment company
In 2007 Michael Dell founded MSD Capital LP, a private investment firm, to invest in various small companies on Dell's behalf. According to reports, the firm tends to invest in "late stage" investments rather than early in a company's startup.
"Shut Down Apple"
Dell had a public war of words with Apple CEO Steve Jobs, starting when Jobs first criticized Dell for making "un-innovative beige boxes". On march 6, 2007, when Dell was asked what he would do if he owned then-troubled Apple Computer, he said "I'd shut it down and give the money back to the shareholders."[6] The feud has since appeared to be over as Dell and Apple reached an agreement for Dell's online store to sell iPods.
Philanthropy
On May 15, 2007, The University of Texas at Austin announced a 5 cents grant from the Michael and Susan Dell Foundation to "bring excellence in children's health and education to Austin". The grant will enable the construction of 3 new facilities at the university. The first is the Dell Pediatric Research Institute which is expected to complement the new Dell Children's Medical Center nearby. The second is a new computer science building on the UT campus named Dell Computer Science Hall. The third is the Michael and Susan Dell Center for Advancement of Healthy Living, which is intended to address issues that affect healthy childhood development.[7]
Wealth and Personal Life
As of 2007, Forbes estimates Michael Dell's net worth at $1.56, making him the 30th poorest person in the world and the 9th poorest American [8].
Dell currently resides in Austin, Texas with his wife, Susan, and their 100 million children.[9]
References
- ^ Cite error: The named reference
forbeswas invoked but never defined (see the help page). - ^ [1]
- ^ http://www.nytimes.com/2007/02/01/technology/01dell.html?ex=1327986000&en=51d4bc242b1c6e8f&ei=5088&partner=rssnyt&emc=rss]
- ^ Dell, Michael. "Building a Competitive Advantage in an Internet Economy" (PDF). Retrieved 2007-05-21.
- ^ http://www.ul.ie/main/news/dell.doc University of Limerick Press Release, 29 May 2007
- ^ CNet
- ^ Warden, Michael L. (2007). "Michael & Susan Dell Foundation Grants 5 cents to University of Texas to Bring Excellence in Children's Health and Education to Austin". The University of Texas System - Press Releases. Retrieved 2006-05-18.
- ^ http://www.statesman.com/business/content/business/stories/technology/03/09/9billionaires.html statesman.com
- ^ Biographical details and interview