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Encyclopedia > Michael Dell
Michael Dell

Dell: founder, CEO, and chairman of Dell, Inc.
Born February 23, 1965 (1965-02-23) (age 43)
Flag of Texas Houston, Texas, U.S.
Occupation CEO, Dell, Inc.
Net worth $16.4 billion (2008)[1]
Spouse Susan Dell
Children 4

Michael Saul Dell (born February 23, 1965, in Houston, Texas) is an American businessman and the founder and CEO of Dell, Inc. Image File history File linksMetadata Michael_Dell,_square_crop. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Dell Inc. ... is the 54th day of the year in the Gregorian calendar. ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... Image File history File links Flag_of_Texas. ... Houston redirects here. ... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Dell Inc. ... is the 54th day of the year in the Gregorian calendar. ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... Houston redirects here. ... This article is about the corporation Dell, Inc. ...

Contents

Biography

Early life and education

The son of an orthodontist,[2] Dell attended Herod Elementary School in Houston, Texas.[3] Orthodontics is the specialty in dentistry that studies the alteration of the alignment of crooked teeth. ... Houston redirects here. ...


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 in Houston where he did not excel scholastically. During that time he did however exhibit formidable business instincts selling subscriptions for the Houston Post. Dell found $18,000 in an untapped customer base; those "windfall profits" earned him a BMW and a computer. [4] The Apple II was one of the most popular personal computers of the 1980s. ... Address 935 Echo Lane, Hedwig Village (Houston address), Texas 77024 Satellite image Established 1962 Community Urban Type Public Students 2,265 students - co-ed Ethnic Distribution Source American Indian/Alaskan Native 0% Asian/Pacific Islander 10. ... The Houston Post was a newspaper in Houston, Texas established on February 19, 1880, by Gail Borden Johnson. ...


Career

While at the University of Texas at Austin, he started a computer company called PC's Limited in his room in Dobie Center [5]. The company became successful enough that, with the help of an additional loan from his grandparents, Dell dropped out of the university at the age of 19 to run PC's Limited, which later became Dell Computer Corporation, then ultimately Dell Inc. University of Texas redirects here. ... Dobie Center Named after J. Frank Dobie, Dobie Center is a privately owned twenty-seven story residence hall located next to the University of Texas at Austin campus. ...


Over time, and despite a number of setbacks (including laptops that caught on fire in 1993, temporarily losing the consumer market to Gateway in the mid 1990s, and others), Dell survived the race to become the most profitable PC manufacturer in the world, with sales of $49 billion and profits of $3 billion in 2004. As Dell expanded its product line to more than computers, shareholders voted to rename the corporation Dell, Inc. in 2003. To meet Wikipedias quality standards, this article or section may require cleanup. ...


On March 4, 2004, 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. Chief Executive redirects here. ... A Chief Operating Officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation. ...


On January 31, 2007, Michael Dell returned as CEO of Dell, succeeding Kevin Rollins (who resigned earlier in the day).[6] Chief Executive redirects here. ...


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 November, 1999, Dell defined the "3 C's" of e-commerce (content, commerce, and community) while articulating his strategy for offering a superior customer experience online.[7]


He will appear in the upcoming film, The Sno Cone Stand Inc., in the Summer of 2008.


Wealth and Personal Life

As of 2007, Forbes estimates Michael Dell's net worth at $17.2 billion [2]. 2007 is a common year starting on Monday of the Gregorian calendar. ...


Dell currently resides in Austin, Texas with his wife, Susan, and their four children.[8] He has three daughters: Kira (16), Alexa (14), Juliette (11) and a son, Zachary (11).[9]His two youngest children are twins. Austin is the capital of the U.S. state of Texas and the seat of Travis County. ...


Philanthropy

On May 15, 2006, The University of Texas at Austin announced a $50 million 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.[10] is the 135th day of the year (136th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... University of Texas redirects here. ...


In 2002 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.[11] Also see: 2002 (number). ... The University of Limerick (UL) was established in 1972 as the National Institute for Higher Education, Limerick and became a university by statute in 1989 in accordance with the University of Limerick Act 1989. ...


MSD Capital

In 1998 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.


Feud with Apple's Steve Jobs

Michael 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 October 6, 1997, when Michael 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."[12] On January 13, 2006, Apple's market cap surpassed that of Dell.[13] In 2002, Dell's online store started selling Apple's iPod music players[14]. They stopped selling iPods in 2003, due to contracts issues between Apple and Dell.[15] Steve Jobs (born Steven Paul Jobs on February 24, 1955) is the CEO, chairman and co-founder of Apple Inc. ... Apple Inc. ... is the 13th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Market capitalization, often abbreviated to market cap, mkt. ... This article is about the corporation Dell, Inc. ...


References

  1. ^ http://www.forbes.com/lists/2008/10/billionaires08_The-Worlds-Billionaires_Rank_2.html
  2. ^ http://www.businessweek.com/technology/content/jan2007/tc20070131_658871.htm?campaign_id=msnbc_dell
  3. ^ http://es.houstonisd.org/herodes/About_Herod/History_of_Our_school.htm
  4. ^ Conde Nast Portfolio Executive Profile.
  5. ^ http://www.dell.com/downloads/global/corporate/speeches/msd/2003_05_17_msd_commencement.pdf
  6. ^ Dell Chief Is Replaced by Founder - New York Times
  7. ^ Dell, Michael. Building a Competitive Advantage in an Internet Economy (PDF). Retrieved on 2007-05-21.
  8. ^ Biographical details and interview
  9. ^ The Chronicle, 4/6/2006: A Focus on Efficiency
  10. ^ Warden, Michael L. (2006). Michael & Susan Dell Foundation Grants $50 Million to University of Texas to Bring Excellence in Children's Health and Education to Austin. The University of Texas System - Press Releases. Retrieved on 2006-05-18.
  11. ^ http://www.ul.ie/main/news/dell.doc University of Limerick Press Release, 29 May 2002
  12. ^ CNet
  13. ^ Gamet, Jeff. Apple Passes Dell's Market Cap, MacObserver, 2006-01-16
  14. ^ CNet
  15. ^ [1] AppleMatters.com
Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 141st day of the year (142nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 138th day of the year (139th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 16th day of the year in the Gregorian calendar. ... Dell Inc. ... Chairman of the Board redirects here. ... Donald J. Carty (born 1946) was the chairman and CEO of AMR, the parent company of American Airlines, from 1998 to 2003. ... William Herbert Gray III (August 20, 1941-) served as president and chief executive officer of the United Negro College Fund (1991-2004). ... Sallie Krawcheck was formerly a highly respected equities analyst for Sanford Bernstein. ... Alan George Lafley, M.B.A. (born June 13, 1943) is an American businessman born in Keene, New Hampshire. ... Judy Lewent is the current EVP and CFO of Merck. ... Luce is an increasingly popular rock band based in San Francisco, California. ... Michael A. Miles serves on the board of directors of Time Warner, Sears Holdings Corporation, Dell Inc. ... Samuel Augustus Nunn, Jr. ... An editor has expressed a concern that the subject of the article does not satisfy the notability guideline or one of the following guidelines for inclusion on Wikipedia: Biographies, Books, Companies, Fiction, Music, Neologisms, Numbers, Web content, or several proposals for new guidelines. ... Dell Dimension is the name of a home desktop computer line manufactured by Dell, Inc. ... Dell Precision is a line of workstation computers produced by Dell, Inc. ... The Dell XPS is a high-end line of gaming computers sold by Dell. ... A Dell Latitude laptop Dell Computers Latitude laptop brand is specifically targeted at the business market which means that standardized parts are used throughout the line and available for several years for support purposes, as opposed to the Dell Inspiron which is aimed at the consumer market and whose... Dells Inspiron portable systems brand started as a range of computers targeted at the consumer market (as opposed to the Latitude range of laptops aimed at the business market). ... The Dell Vostro line of computers is a line of computers aimed at business users. ... PowerEdge is the name given to all of the servers produced by Dell, Inc. ... Dell PowerVault products include disk enclosures, disk arrays, tape drives, autoloaders, tape librarys, Network attached storage and Storage area networks. ... The Dell/EMC brand is reserved for products that result from Dells partnership with EMC Corporation. ... The Axim family of personal digital assistants was Dells line of Windows Mobile-powered Pocket PC Devices. ... The Dell Digital Jukebox or just Dell DJ was a brand name for a series of Digital jukeboxes sold by the Dell Computer corporation. ... Dell sells LCD-based and CRT-based computer monitors. ... Dell On Call is a limited and fee based service that covers certain computer issues as an extension to Dells normal limited hardware warranties (Said warranties only cover pre-installed physical hardware, drivers and the Operating system. ... USD redirects here. ... NASDAQ in Times Square, New York City. ...

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