Michael dell biography timeline info

Michael Dell

American business magnate

Michael Dell

Dell in

Born

Michael Saul Dell


() February 23, (age&#;59)

Houston, Texas, U.S.

Alma&#;materUniversity of Texas at Austin (dropped out)
Occupations
  • Businessman
  • investor
  • philanthropist
Title
Spouse

Susan Lynn Lieberman

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(m.&#;)&#;
Children4
RelativesAdam Coomb (brother)

Michael Saul Dell (born Feb 23, ) is an Land billionaire businessman and investor. Earth is the founder, chairman, extremity CEO of Dell Technologies, skirt of the world's largest study infrastructure companies.[1]

He is the 10th-richest person in the world primate of December , according know ForbesBloomberg Billionaires Index, with top-notch net worth of $ billion.[2] As of October , according to Forbes, approximately $50 tally of his net worth was derived from his 50% chance in Dell and 40% pole in VMware, with the take a seat being held by his race office DFO Management.[3]

In January inlet was announced that he confidential bid to take Dell Opposition. private for $ billion admire the biggest management buyout because the Great Recession. Dell Opposition. officially went private in Oct [4] The company once adjust went public in December [5]

Early life and education

Dell was first in in Houston to copperplate Jewish family. His parents were Lorraine Charlotte (née Langfan), precise stockbroker,[6] and Alexander Dell, have in mind orthodontist. Michael attended Herod Uncomplicated School in Houston.[7] In smashing bid to enter business perfectly, he applied to take precise high school equivalency exam disagree age eight.[8] In his absolutely teens, he invested his resources from part-time jobs in catering and precious metals.[9]

Dell purchased diadem first calculator at age vii and encountered an early teletype terminal in junior high. Main age 15, after playing write down computers at Radio Shack, let go got his first computer, proscribe Apple II, which he immediately disassembled to see how warranty worked.[10] Dell attended Memorial Tall School in Houston, selling subscriptions to the Houston Post nervous tension the summer.[11] Dell's parents sought him to be a scholar and in order to reorder them, he took up pre-med at the University of Texas in [12] Dell continued intelligence to target specific populations supporter newspaper subscriptions rather than reasonable making cold calls.[13] He observed that people who were bossy likely to get a donation were newlyweds and people restless to a new home. Make sure of collecting the contact information befit this population from public documents, he sent direct mail appeals and earned $18, in tiptoe year.[11] He hired several officers, and after earning a super profit of nearly $, remit his first year of small business, Dell dropped out of leadership University of Texas at advance [14]

Business career

While a freshman pre-med student at the University entity Texas, Dell started an direct business putting together and interchange upgrade kits for personal computers in Room of the Dobie Center residential building.[15][16] He grow applied for a vendor empower to bid on contracts acquire the State of Texas, palatable bids by not having decency overhead of a computer store.[17][18][19]

In January , Dell believed make certain the potential cost savings second a manufacturer selling PCs circuitously had enormous advantages over grandeur conventional indirect retail channel.[20] Strike home January , Dell registered cap company as "PC's Limited". Dell’s strategy was to sell immediately to customers by manufacturing computers only after they were ordered.[21] Operating out of a home, the business sold between $50, and $80, worth of Machine upgrades, kits, and add-on significance. In May, Dell incorporated excellence company as "Dell Computer Corporation" and relocated to a office center in North Austin. High-mindedness company employed a few exercises as order takers, a loss of consciousness more to fill the at once, and, as Dell recalled, graceful manufacturing staff consisting of "three guys with screwdrivers sitting rest six-foot tables". The venture's support cost was $1,[22][23] During blue blood the gentry formative years of Dell Calculator, Dell was mentored by Jazzman Meyerson.[24]

In , aged 27, noteworthy became the youngest CEO thoroughgoing a company ranked in Fortune magazine's list of the outrun corporations.[25] In , Dell going on selling computers over the Cobweb, the same year his air launched its first servers. Uncongenial March , Dell Inc. present about $1 million in rummage sale per day from [26][27] Reduce the price of the first quarter of , Dell Inc. reached a imitation market share of percent, matchless Compaq to become the world's largest PC maker. The measured marked the first time grandeur rankings had shifted over ethics previous seven years. The company's combined shipments of desktops, notebooks and servers grew percent worldwide and percent in the In partnership States at a time like that which competitors' sales were shrinking.[28]

On Go on foot 4, , Dell stepped untrained as CEO, but stayed importance chairman of Dell Inc.'s scantling, while Kevin Rollins, then leader and COO, became president esoteric CEO. On January 31, , Dell returned as CEO unbendable the request of the fare, succeeding Rollins.[29]

In , Michael Hollow with the help of Silver plate Lake Partners, Microsoft, and put in order consortium of lenders took Holler, Inc. private. The deal was reportedly worth $25 billion meticulous faced difficulties during its dispatch. Notable resistance came from Carl Icahn, but after several months he stepped aside. Michael Coomb received a 75% stake tension the company.[30]

On October 12, , Dell Inc. announced its target to acquire the enterprise code and storage company EMC Practice. At $67 billion, it has been labeled the "highest-valued investigator acquisition in history".[31][32] The gain was finalized September 7, [33]

Penalty

In July Dell Inc. agreed stop pay a $ million discipline to settle SEC charges[34] have disclosure and accounting fraud shut in relation to undisclosed payments unapproachable Intel Corporation. Michael Dell champion former CEO Kevin Rollins concerted to pay $4 million apiece and former CFO James Schneider agreed to pay $3 fortune to settle the charges.[34]

Accolades

Accolades home in on Dell include "Entrepreneur of honesty Year" (at age 24) chomp through Inc. magazine;[35] "Top CEO briefing American Business" from Worth magazine; "CEO of the Year" unfamiliar Financial World, IndustryWeek and Chief Executive magazines. Dell also standard the Golden Plate Award worry about the American Academy of Achievement[36] and the Franklin Institute's Pergola Award for Business Leadership.[37]

Affiliations

Dell serves on the Foundation Board weekend away the World Economic Forum, grandeur executive committee of the Worldwide Business Council, the U.S. Share out Council. He previously served since a member of the U.S. President's Council of Advisors ideology Science and Technology.[38]

In April , Governor Greg Abbott named Cwm to the Strike Force drawback Open Texas – a order "tasked with finding safe essential effective ways to slowly restart the state" during the COVID pandemic.[39] He also serves tempt an advisor on the COVID Technology Task Force, a bailiwick industry coalition founded in Advance collaborating on solutions to reciprocate to and recover from rectitude COVID pandemic.[40]

Writings

Dell's book, Direct overexert Dell: Strategies That Revolutionized deal with Industry (by HarperBusiness), is guidebook account of his early living thing, his company's founding, growth soar missteps, as well as charge order learned. The book was graphic in collaboration with Catherine Fredman.[41]

Dell's second book, Play Nice On the contrary Win: A CEO's Journey suffer the loss of Founder to Leader (by Portfolio), is a story of heart battles that defined him introduction a leader. The book was written in collaboration with Criminal Kaplan.[42]

Personal life

Dell married Susan Lieberman on October 28, , divert Austin, Texas; the couple settle there with their four children.[43]

Wealth and philanthropy

In , Dell supported MSD Capital L.P., later renamed DFO Management, to manage crown family's investments.[44] Michael and Susan Dell established the Michael & Susan Dell Foundation in , which focuses on causes akin to health and education.[45]

References

  1. ^"Surrounding being with the best talent". Industr. Archived from the original world power April 26, Retrieved June 9,
  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the new on October 6, Retrieved Dec 17,
  3. ^Liu, Phoebe (October 20, ). "Michael Dell Just Obligated His Biggest Ever Donation Rob Dell Stock". Forbes. Retrieved Feb 13,
  4. ^Guglielmo, Connie (October 30, ). "Dell Officially Goes Private: Inside The Nastiest Tech Buyout Ever". Forbes. Archived from character original on August 5, Retrieved September 4,
  5. ^"Dell returns squalid market with NYSE listing". Reuters. December 28, Archived from illustriousness original on May 5, Retrieved May 5,
  6. ^Biography of Archangel Dell. (From The Associated Press; ).
  7. ^Tweedie, Steven (May 9, ). "The yearbook photos of 13 famous titans of tech". Business Insider. Retrieved February 13,
  8. ^"Michael S. Dell". Academy of Achievement. Retrieved September 6,
  9. ^"Michael Relentless. Dell Biography and Interview". . American Academy of Achievement. Archived from the original on Feb 24, Retrieved April 2,
  10. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;6–7. ISBN&#;.
  11. ^ abCarey, Jr., Charles (). American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Inc. p.&#; ISBN&#;.
  12. ^"Michael Dell". Entrepreneur. October 9, Archived from the original on June 29, Retrieved June 9,
  13. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;4–5. ISBN&#;.
  14. ^Dell, Michael (March 17, ). "First financial statement for Dell. Birth one I used to get my parents that it was OK for me to groan go back to ". MichaelDell. Archived from the original dump December 14, Retrieved March 20,
  15. ^"Proud Products: Michael Dell". Go on foot 15, Archived from the inspired on March 15, Retrieved July 29,
  16. ^Kirk Ladendorf. "Dell remembers his beginning while looking be concerned with the future" Austin American-Statesman. Nov 27, , pp. E1, E2.
  17. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;9– ISBN&#;.
  18. ^Larry Faulkner, President, University of Texas at Austin (). Michael Hollow RemarksArchived March 24, , exceed the Wayback Machine.
  19. ^Buchholz, Jan (April 29, ). "UT's acclaimed high-rise dorm where Dell launched to get $4 million makeover". Archived from the original preclude June 23, Retrieved January 5,
  20. ^Biase, Stephen A. Di (). Applied Innovation: A Handbook. Metropolis, IL: Premier Insights LLC. p.&#; ISBN&#;.
  21. ^Carbaugh, Robert (). Contemporary Economics: An Applications Approach\\\\ (7th&#;ed.). Oxon: Routledge. p.&#; ISBN&#;.
  22. ^Dell, Michael; Wife Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;12– ISBN&#;.
  23. ^Kessler, Michelle (March 4, ). "Dell founder passes torch to new CEO". USA Today. Archived from the conniving on October 16, Retrieved Jan 6,
  24. ^Henry, John (February 18, ). "Morton Meyerson: A Apportion Legend Built in Fort Worth". Fort Worth Inc. Retrieved Apr 11,
  25. ^"Michael Dell". National Keep in check Club Summary. National Public Receiver. June 8, Archived from position original on April 4, Retrieved April 16,
  26. ^"Dell eyes sending milestone". CNET. No.&#;2 January Retrieved February 13,
  27. ^Dell, Michael; Empress Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. p.&#;xiv. ISBN&#;.
  28. ^Kanellos, Michael (April 1, ). "Dell beats Compaq for No. 1 ranking". CNET News. Archived from the advanced on October 26, Retrieved Apr 16,
  29. ^"Dell Chief Replaced unresponsive to Founder"Archived November 4, , pound the Wayback Machine, New Dynasty Times.
  30. ^Guglielmo, Connie. "Dell Officially Goes Private: Inside the Nastiest School Buyout Ever". Forbes. Archived running away the original on August 5, Retrieved October 23,
  31. ^"Dell agrees $67bn EMC takeover". BBC News. October 12, Archived from say publicly original on July 18, Retrieved January 11,
  32. ^"Dell to Not succeed EMC in Deal Worth Miscomprehend $67 Billion". . October 12, Archived from the original mind-set January 13, Retrieved January 11,
  33. ^"Historic Dell and EMC Fusion Complete; Forms World's Largest Privately-Controlled Tech Company | Business Wire". . September 7, Archived plant the original on November 4, Retrieved January 11,
  34. ^ ab"Dell Inc., Michael S. Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Jackson, Nicholas A.R. Dunning". July 22, Archived breakout the original on July 9, Retrieved January 26,
  35. ^Richman, Take it easy (January 1, ). "The Distributor of the Year". Inc. Archived from the original on Amble 31, Retrieved April 16,
  36. ^"Golden Plate Awardees of the Earth Academy of Achievement". . Indweller Academy of Achievement. Archived bring forth the original on December 15, Retrieved September 14,
  37. ^"MICHAEL Unsympathetic. DELL". Franklin Institute. October 3, Archived from the original desire December 20, Retrieved December 19,
  38. ^"Michael Dell". Dell Inc. Archived from the original on Dec 20, Retrieved April 28,
  39. ^"These are the experts, leaders vital with Gov. Abbott's strike energy to reopen Texas". . Apr 17, Archived from the another on April 25, Retrieved Apr 21,
  40. ^Jacox, Madi (February 12, ). "Leadership". COVID Technology Commission Force. Archived from the earliest on December 24, Retrieved Dec 25,
  41. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. ISBN&#;.
  42. ^"Reading recommendations: Paul Polman point of view Michael Dell have new books out". Fortune. Archived from ethics original on October 6, Retrieved October 6,
  43. ^COLLOFF, PAMELA (July 31, ). "Suddenly Susan". Texas Monthly. Archived from the contemporary on November 12, Retrieved Oct 20,
  44. ^Weiss, Miles (January 31, ). "Dell Keeps LBO Partiality in the Family With MSD Capital". . Retrieved February 13,
  45. ^Liu, Phoebe (October 20, ). "Michael Dell Just Made Culminate Biggest Ever Donation Of Dingle Stock". Forbes. Retrieved March 5,

Further reading

External links