After extremely disappointing financial results over the last year, Michael Dell is stepping back into the limelight to once again takeover leadership of the company that bears his name…
In recent years Dell has lost market share to rivals, posted earnings below analysts’ expectations, been the subject of an ongoing federal accounting probe and dealt with a voluntary recall of 4.2 million faulty laptop batteries made by Sony Corp.
Kevin Rollins, who resigned as CEO for unspecified reasons, wasn’t able to right the ship. Analysts say that if anyone can fix Dell’s ills, it’s the 41-year-old founder, who as CEO would be taking a more hands-on role than he did as chairman.
Source: Washington Post