Friday June 5, 2020

Michael Dell wants chief executive guarantee

Company founder may consider backing buyout if his demands are met.

1st April, 2013
Dell founder Michael Dell: wants to remain as chief executive.

Dell founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive, according to a source.

In several recent meetings in Texas with the Blackstone executives overseeing the firm’s bid Michael Dell said he would be more likely to support their proposal if he retained an influential role, a second person familiar with the talks said. Negotiations are ongoing and the two...

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