24/7 Wall St. Most Overpaid CEO Of The Day: Dell (DELL) CEO Michael Dell
Poor Michael Dell, CEO of Dell (DELL), only made $2.3 million last year. Of course, he is a billionaire and owns over 227 million shares in the company he runs. His shareholders have not done so well. Dell announced a…
Poor Michael Dell, CEO of Dell (DELL), only made $2.3 million last year. Of course, he is a billionaire and owns over 227 million shares in the company he runs.
His shareholders have not done so well. Dell announced a drop in earnings of 17%. Profit margins were bad. That means that companies like Apple (AAPL) and HP (HPQ) are lunching on Dell’s customers.
Dell’s shares should be down about 10% today, trading at $22.50, well below their 52-week high of $30.77.
Maybe Dell should not have sacked former CEO Kevin Rollins in early February of 2007. The stock was doing better back then.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.