Michael Dell back in charge as Rollins exits Dell
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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.
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By Bloomberg, AP and Staff Reports  Dell Inc., pummeled by battery recalls and disappointing earnings, said Wednesday that chairman and founder Michael Dell will return to the role of CEO, replacing Kevin Rollins, effective immediately.
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Michael Dell, who recently returned to the helm of the PC maker he founded, announces cost-cutting measures to employees in a memo.
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Dell Inc DELL.O Chairman Michael   Dell threw his support behind Chief Executive Kevin Rollins on   Tuesday, a day after the computer maker canceled an analyst   meeting and suspended a buyback program amid an accounting   probe.
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Dell's chief executive, Kevin Rollins, was abruptly ousted from the computer giant last week after 14 years at the company. Michael Dell, the founder and chairman of the world's number-two maker of PCs, jumped back into the role he left in July 2004 when Mr Rollins was appointed.
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Returning Dell CEO Michael Dell continued a shakeup of his company by naming a Motorola executive to his leadership team.
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Dell CEO continues shaking up his struggling company by hiring another outsider for his leadership team.
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Under Kevin Rollins' watch, the PC giant lost its market share and saw profits slip. Can the founder fix the mess?
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At Storage Networking World yesterday, Dell President and CEO Kevin Rollins talked about his company's relationship with EMC and the development of standards to help users manage complex storage-area networks.
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Dell Inc.  said on Tuesday it will pay $5 million in severance to former Chief Executive Kevin Rollins after he was replaced by founder Michael Dell in January.
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Dell president and CEO Kevin Rollins indicated that the company is actively considering including AMD processors in its server roster in the foreseeable future.
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By MATT SLAGLE Associated Press  Kevin Rollins isn't solely to blame for a string of problems at the PC maker, Michael Dell says.   DALLAS -- Dell Inc.
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Marmonti the man Dell has appointed David Marmonti as its new European boss.â¦
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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 has hired the former head of Motorola's cell phone division to head its new global consumer division beginning on Monday. Ron Garriques will resign immediately from the cell phone manufacturer.
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(InfoWorld) - Stock in Dell was rising Monday on news thatÂ founder Michael Dell plans to remain as CEO for several years, trim the number of managers reporting directly to him, and eliminate bonuses. "We have a tough couple of quarters ahead. We didn't get here overnight, and we won't fix things overnight either," Dell wrote in a memo to employees on Friday. "Last year ... we had great efforts but not great results. This is disappointing, and it is unacceptable." Dell pointed to several problems with the company, including an overgrown bureaucracy and operating expenses that had grown too fast. "We have great people ... but we also have a new enemy: bureaucracy, which costs us money and slows us down. We created it, we subjected our people to it, and we have to fix it!" Dell said. "I am asking each of you to look across your organizations and eliminate redundancies." On Monday, a corporate spokeswoman confirmed the authenticity of the memo, which had been leaked to media over the weekend. The company has been buffeted in recent days by the resignation of CEO Kevin Rollins last Wednesday,Â Michael Dell announcing he would take over that job, and the accusation inÂ a lawsuit by investorsÂ on Friday that 15 top executives had garnered millions of dollars by selling their stock after propping up the company's faltering revenue with secret payments from Intel. Even before those blows landed, Dell was wobbling on a threat by the Nasdaq stock exchange to drop its stock unless the company files its overdue quarterly earnings reports.Â Dell has delayed filing those numbers for the past two terms as it struggles to satisfy an investigation by the U.S. Securities and Exchange Commission (SEC) of its accounting practices. It is not yet clear if that investigation is related to the investors' charges that Dell hid payments by Intel in exchange for staying exclusively loyal to one brand of microprocessor in its PCs. When Michael Dell announced on Wednesday he would return to his position as CEO, the company was already in the midst of a reorganization plan that calls for $100 million in spending to improve the customer service practices that allow it to bypass retail stores with its famed "direct sales" business model. The company was also following Rollins' plan toÂ remake itself as "Dell 2.0,"Â trying to move beyond an enormousÂ notebook PC battery recall in August by focusing on industrial design, overseas factories, and a move to diversify its computers by using chips fromÂ AMD as well as those from Intel. In his Friday memo, Dell added new details to that strategy. He promised to turn around the company by focusing on the SMB sector, enterprise servers and storage, shorter design cycles for new products, and increased sales in emerging markets. He also made a few corporate changes, recalling Paul Bell from his job running the company's markets in EMEA (Europe, the Middle East and Africa) to lead Dell's new Americas group, which includes the fast-growing SMB sector. Dell also created a "global operations" division to focus on manufacturing and procurement. "I remember what it's like to start a company. We're moving fast. There is no luxury of time. The competitors are fierce. The difference is this time we have many new assets and some hidden ones that can be brought out," he wrote. Dell did not describe the hidden assets he would use to rescue his company's prospects, but he hinted that Dell had enough resources to outspend its competition. AlthoughÂ Dell handed the title of world's largest PC vendor to HP this year, it is still a corporate colossus. "When I started back in 1984, it was just me. But now we are blessed to have an awesome team, many great assets, and $11 billion or so," Dell said. Â
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The company's original visionary returns to the helm.