Citizendia

Michael Dell

Dell: founder, CEO, and chairman of Dell, Inc.
BornFebruary 23, 1965 (1965-02-23) (age 43)
Flag of Texas Houston, Texas, U.S.
OccupationCEO and founder, Dell, Inc.
Net worth▼$16. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products Events 1455 - Traditional date for the publication of the Gutenberg Bible, the first Western Book printed from Movable Year 1965 ( MCMLXV) was a Common year starting on Friday (link will display full calendar of the 1965 Gregorian calendar. The United States of America —commonly referred to as the A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products 4 billion (2008)[1]
SpouseSusan Dell
Children4

Michael Saul Dell (born February 23, 1965, in Houston, Texas) is an American businessman and the founder and CEO of Dell, Inc. Events 1455 - Traditional date for the publication of the Gutenberg Bible, the first Western Book printed from Movable Year 1965 ( MCMLXV) was a Common year starting on Friday (link will display full calendar of the 1965 Gregorian calendar. The United States of America —commonly referred to as the The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products

Contents

Biography

Early life and education

The son of an orthodontist,[2] Dell attended Herod Elementary School in Houston, Texas. Orthodontics is a specialty of Dentistry that is concerned with the study and treatment of Malocclusions (improper bites which may be a result of Tooth [3]

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. History Memorial Senior High School opened in 1962 to relieve overcrowding at Spring Branch High School During that time he did however exhibit formidable business instincts selling subscriptions for the Houston Post. The Houston Post was a Newspaper in Houston, Texas, United States that was established on February 19, 1880, Dell found $18,000 in an untapped customer base; those "windfall profits" earned him a BMW and a computer. [4]

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]. Dobie Center, named after J Frank Dobie, is a privately owned twenty-seven story residence hall located adjacent to the University of Texas at Austin campus 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.

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. Gateway Incorporated is a Computer hardware company based in Irvine, California, which develops manufactures supports and markets a wide range of As Dell expanded its product line to more than computers, shareholders voted to rename the corporation Dell, Inc. in 2003. The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products

On March 4, 2004, he stepped down as CEO of Dell but stayed as chairman of the board, while Kevin B. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Rollins, then president and COO, became president and CEO. A chief operating officer or chief operations 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). A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator [6]

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. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 2 billion [2].

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.

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". Events 1252 - Pope Innocent IV issues the Papal bull Ad exstirpanda, which authorizes but also limits the Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 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]

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. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. The University of Limerick ( UL) (Ollscoil Luimnigh was established in 1972 as the National Institute for Higher Education, Limerick and [11]

In 2005, Susan and Michael Dell were among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. George Walker Bush ( born July 6 1946 is the forty-third and current President of the United States. [12] [13] [14]

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". Steven Paul Jobs (born February 24 1955 is the Co-founder, Chairman, and CEO of Apple Inc and former CEO of Pixar Animation 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. Apple Inc, ( formerly Apple Computer Inc, is an American Multinational corporation with a focus on designing and manufacturing Consumer electronics "[15] On January 13, 2006, Apple's market cap surpassed that of Dell. Events 532 - Nika riots in Constantinople. 888 - Odo Count of Paris becomes King of the Franks Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Market capitalization/capitalisation (aka market cap, mkt cap or capitalized/capitalised value) is a measurement of Corporate or Economic The multinational technology company Dell Inc develops manufactures sells and supports Personal computers and other computer-related products [16] In 2002, Dell's online store started selling Apple's iPod music players[17]. They stopped selling iPods in 2003, due to contract issues between Apple and Dell. [18]

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. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 878 - Syracuse Italy is captured by the Muslim sultan of Sicily.
  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. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1152 - Henry II of England marries Eleanor of Aquitaine.
  11. ^ http://www.ul.ie/main/news/dell.doc University of Limerick Press Release, 29 May 2002
  12. ^ Drinkard, Jim. "Donors get good seats, great access this week", USA Today, 2005-01-17. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 38 BC - Octavian marries Livia Drusilla. 1287 - King Alfonso III of Aragon invades Minorca Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  13. ^ "Financing the inauguration", USA Today. Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  14. ^ "Some question inaugural's multi-million price tag", USA Today, 2005-01-14. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1129 - Formal approval of the Order of the Templar at the Council of Troyes. Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  15. ^ CNet
  16. ^ Gamet, Jeff. Apple Passes Dell's Market Cap, MacObserver, 2006-01-16
  17. ^ CNet
  18. ^ [1] AppleMatters. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 27 BC - The title Augustus is bestowed upon Gaius Julius Caesar Octavian by the Roman Senate. com
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