Dell's CEO Rollins evicted from brass box
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Dell 2.0 - 'Now shipping with less brain' Comment Dell's siamese twin management experiment has ended with only the brand name baby surviving the surgeon's cut.â¦
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Two weeks after he returned to run the computer company that bears his name, Michael S. Dell is making sweeping senior management changes.
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After eight years at the company, Kevin Rollins was appointed president and CEO of the $41.4 billion computer juggernaut Dell Computer last July. Many still think of Dell as a desktop supplier, but the company has become a powerhouse in server and notebooks as well and is making strong moves in the printer and storage markets.
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Dell Inc., battered by battery recalls and disappointing earnings, said Wednesday that Chairman Michael Dell will return to run the company he had built into one of the world's largest makers of personal computers. Dell's appointment is effective immediately. He replaces Kevin Rollins, who also resigned as a member of the board.
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Dell (NASDAQ:DELL) today announced the appointment of Steve  Schuckenbrock to lead the company's global  services organization. As senior vice president of global services, Mr.  Schuckenbrock will report to CEO Kevin Rollins and serve as a member of  the Dell Global Executive Management Committee.
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Solectron boss to head ops Battered Dell has moved to get its act together by drafing in a tech manufacturing veteran to oversee its global operations.â¦
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Two senior executives will leave Dell Inc. in an expanding shake-up in the U.S. computer maker's top management ranks, a published report said Tuesday.
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A Fool sees the CEO of a company he owns step down. What now?
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A burgeoning scandal at America&#39;s second-largest financial institution that threatens to undermine the US housing market has seen two top executives forced out.
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Dell CEO Kevin Rollins, who on Monday stood on stage in New York City to accept a commemorative Windows Vista plaque from Bill Gates and Steve Ballmer, resigned abruptly on Wednesday, and will be replaced by the computer maker's former CEO Michael Dell.
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(InfoWorld) - Still gasping fromÂ the resignation of its chief executiveÂ in January andÂ an ongoing investigation of its accounting practices, Dell reported fourth quarter profits of $673 million, down sharply from the $1 billion it reported for the same period last year. Still, the company posted earnings of $0.30 per share, just over Wall Street expectations of $0.29 per share, according to a poll of analysts by Thomson Financial. Dell's fourth quarter revenue was $14.4 billion, falling below analysts' expectation of $14.88 billion and below the $15.2 billion Dell collected for the same period last year. For the third consecutive quarter, Dell filed its numbers as preliminary results, not as the official Form 10-Q that every publicly traded company is required to submit to the SEC. Dell blamed the delay on the accounting investigations by the U.S. Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York. The missing forms could also have pushed Dell closer to being delisted by the Nasdaq stock exchange, which had demanded the forms by March 14. But Dell said a Nasdaq review council had granted it a reprieve Wednesday, holding further action until another hearing on May 4. Although this was the first earnings report since Michael Dell replaced Kevin Rollins as CEO in January, company executives did not hold a customary conference call with reporters and analysts. Dell also failed to sum up its quarterly earnings in a full annual report, saying that the preliminary results for its past three quarters may change if the company is forced to restate earnings as a result of the investigations. In a statement, Dell said he was so disappointed with the results that he had withheld some of the employee bonuses, a savings that added $184 million to the company's operating income this quarter. That gain was offset, however, by $89 million the company spent in handling the accounting investigations. Dell's legal struggles may put an even deeper dent in company books in the long run. In a filing to the SEC on Thursday, the company dismissed the claims as the cost of doing business but warned that potential settlements or court awards could hurt its bottom line. "Dell is involved in various claims, suits, investigations, and legal proceedings that arise from time to time in the ordinary course of its business," the SEC filing reads. "The company could in the future incur judgments or enter into settlements of claims that could adversely affect our operating results or cash flows in a particular period." Dell saw a major change in sales patterns as the fourth quarter marked the first time in company history that Dell shipped more computers to customers outside the U.S. than to domestic addresses. The company still pulled 54 percent of its revenue from the U.S., but that balance continues to shift. In another trend, Dell's revenue dropped for both desktops (down 18 percent by units year over year) and notebooks (down two percent by units), its two biggest product sectors. The company made up some of the deficit with a rise in revenue from the server, storage, and services divisions. Hoping for a rebound in his fortunes, Michael Dell said he will continue to strengthen his management team and eliminate redundancies in a corporate transformation. Dell also hopes to shorten product development cycles and adopt the company's manufacturing and distribution models to reach more customers in emerging markets, a strategy he says will rebuild his company as "Dell 2.0." But he warned that those changes would not produce profits overnight. "The company is focused on transformational efforts that are designed to yield improving operating results.... In the next several quarters, however, the company expects that growth and margins will continue to be under pressure as it implements and refines these actions," the company said. This story was updated on March 1, 2007
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(InfoWorld) - Two and a half years afterÂ handing the chief executive title to his hand-picked successor, Kevin Rollins, Michael Dell is again running the company he founded. Dell struggled under Rollins' tenure, recentlyÂ losing its number-one PC vendor rankingÂ to a resurgent Hewlett-PackardÂ and weathering a formal investigation by the U.S. Securities and Exchange CommissionÂ into the company's accounting practices. Rollins has resigned his position as CEO and member of the company's board of directors, Dell said in a statement Wednesday. The company's board had decided that "there is no better person in the world to run Dell at this time than the man who created the Direct Model and who has built this company over the last 23 years," the statement said. Dell also remains chairman of the board. Rollins joined Dell in 1996 from management consulting firm Bain & Co. Prior to assuming the role of CEO in July 2004, he had served as Dell's president, chief operations officer and vice chairman. Â
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By ASSOCIATED PRESS  Dell Inc., battered by battery recalls and disappointing earnings, said Wednesday that Chairman Michael Dell will return to run the company he had built into one of the world's largest makers of personal computers.  Dell's appointment is effective immediately.
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Executive holding three top slots resigns from ailing disk drive maker.
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Dell inc. said its former CEO Michael Dell is stepping back into that position, immediately replacing Kevin Rollins.
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Buck, what buck? Must have passed it along... Michael Dell, CEO of Dell Computers said Wednesday he was not involved in any of the accounting monkeyshines uncovered during an internal probe at the company.â¦
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By Jeremy W. Peters  With a U.S. federal inquiry into his company growing wider, Michael Dell is acknowledging that he deserves a share of the blame for recent problems at Dell Inc. and reaffirmed his support for his CEO, Kevin Rollins.