Biography of Michael Dell

Michael Dell was one of those who in the 1980s revolutionized the world of personal computers, founded the “Computer Corporation Dell”, known as “Dell Inc.”.

Early years

Michael Dell, born February 23, 1965 in Texas, in Houston, became one of the driving forces of the revolution in the world of personal computers in the 1980s, creating the “Computer Corporation Dell.” Her story began in the founder’s room, at the hostel of the University of Texas, and resulted in the emergence of a mega-company for the production of computers. By 1992, just eight years after Dell was founded, Michael Dell was already the company’s youngest CEO from the Fortune 500 list.

It can not be said that Michael’s success was a big surprise. While the mother, stockbroker, and father, the orthodontist, urged his son to devote himself to the study of medicine, Dell from an early age was fond of technology and doing business.

Not afraid of work, Dell at 12 years old is employed in a Chinese restaurant as a dishwasher, trying to accumulate money to replenish his collection of stamps. And in a few years he demonstrates his brilliant skills in working with databases, engaging new subscribers to the Post of Houston, which brings him, a high school student, an income of 18,000 US dollars for a single year.

Interested in the rapidly evolving world of computer hardware and devices, at 15, Dell buys one of Apple’s first computers for the sole purpose: to disassemble it and see how it works.

“Dell Computer”

Already while studying in college, Dell defines his niche, in which he will achieve tremendous successes. The world of personal computers was still too young, and Dell quickly realized that so far no company has sold its products directly to consumers. Neglecting intermediaries and trade margins, Dell invests his savings of $ 1,000 in what collects computers and sells them to his college acquaintances. But he does not focus on the quality of the machine, but on the strong technical support of consumers and lower prices. After a while, his orders go beyond college, and soon he leaves his studies, completely focusing on business.

And the figures are amazing. In 1984, the first year of its full-fledged work, Dell’s income from sales amounted to $ 6 million. By 2000, he was already a billionaire. By that time, the company’s offices had already been opened in 34 countries, and the total staff had grown to 35,000 people. Already next year, “Dell Computer” will take over from “Compaq Computer” the role of a leader in the global production of computers.

In general, the first 20 years of the company’s existence become the most successful business project on the planet, giving even the titans such as Wal-Mart and General Electrics a head start. The story of Dell is so amazing that in 1999 he describes his success in the book “The Guide from Dell: Strategies that revolutionized the industry,” which was destined to become a best seller.

Charity

Closed, overly modest Dell eventually becomes more open, largely thanks – according to those who know him – to his wife Susan, a native of Dallas, whom he married in 1989. For their family life, the couple had four children.

Over time, Dallas make a joint decision to share their wealth with the world. In 1999, the family founded the Michael and Susan Dell Foundation, a large private charity that spends millions on disaster relief... and disaster relief, such as the tsunami in southern Asia. In 2006, the Foundation donates $ 50 million in favor of the University of Texas.

“A group of people who are guessing wherever they want their money to go after death is not the best solution,” he once said, explaining his early start to charity. “Throw it, we’re going to act as long as we’re here – and do it all for honor.”

In 2004, Dell resigned as CEO of the company, but remains chairman of the board of directors. He is a member of the Council of Founders of the International Economic Forum and a member of the Executive Committee of the World Business Council. He also sits on the Council of Advisers to the President of the United States, dealing with science and technology, and the governing board of the Indian Business School of Hyderabad.

Litigation

Nevertheless, in recent years, the business of both Michael Dell and his company are not going so smoothly. The release of low-quality computers results in the company having to spend $ 200 million on troubleshooting defective machines – a huge loss that caused the company to lose its leading position in the industry. Striving to rectify the situation, in 2007 Dell returns to the post of General Director, but the results are ambiguous. Poor quality of products still remains a scourge of the company, and despite all attempts to keep silent about the magnitude of the disaster, the soon-to-be-released documents reveal the fact that employees were well aware of the malfunctions that arose in millions of computers.

In July 2010, the first pages of newspapers fly around Dall’s statement of readiness to pay a fine of more than $ 100 million, imposed by the Securities and Exchange Commission on charges of conducting “black” accounts. According to the charges, “Dell Computer” artificially inflated its balance, including discounts on Intel chips, which provided them with a view to “Dell” refusing to use it when assembling computers and component chips from Advanced Micro Devices. Thus, according to the auditors’ conclusion, Dell Computer concealed from its investors the company’s real revenues.

With the aim of reviving the company he founded, in 2013 Dell announces its transition to private ownership. He negotiates with Silver Lake Partners, a private company with investment funds specializing in computer technology, and with the giant in computer technology Microsoft to arrange the repurchase of Dell’s share. The deal will be valued at between $ 23 and more than $ 24 billion, making it the largest buyout deal in modern history.

According to a report in “Reuters News”, Michael Dell is confident that “this step opens a new exciting chapter for Dell, for our consumers and team members.” In general, sharing the enthusiasm of Dell, many analysts, at the same time, are of the opinion that the company is going through difficult times. Dell suffered from the recent decline in the personal computer market, as well as from the growing competition from tablet and smartphone market.

Quotations

“A group of people who are wondering where they want their money to go after death is not the best solution to the question.” Throw it in. We’re going to act as long as we are here, and do it all honorably. “

“We at Dell have always paved the way for curiosity and the search for new opportunities.” The ability to change something is always there. “


Biography of Michael Dell