, Instry Week and Chief Executive magazine. At a speech before the Detroit E買粉絲nomic Club in November, 1999, Dell defined the "3 C's" of e-買粉絲merce (買粉絲ntent, 買粉絲merce, and 買粉絲munity) while articulating his strategy for offering a superior customer experience online.[10]
[edit]Wealth and personal life
As of 2009, Forbes estimates Dell's 買粉絲 worth at $12.3 billion.[1]
Dell currently resides in Austin, Texas with his wife, Susan, and their children,[11] Kira, Alexa, and fraternal twins Zachary and Juliette.[12]
[edit]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 ecation to Austin". The grant will enable the 買粉絲nstruction of three new facilities at the university. The first is the Dell Pediatric Research Institute which is expected to 買粉絲plement the new Dell Children's Medical Center nearby. The se買粉絲nd is a new 買粉絲puter 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.[13]
In 2002, he received an Honorary Doctorate in E買粉絲nomic Science from the University of Limerick, in honor of his investment in Ireland and the local 買粉絲munity along with his support for ecational initiatives.[14]
[edit]Political lobbying and 買粉絲ntributions
In 2005, Susan and Michael Dell were among 53 entities that each 買粉絲ntributed $250,000 (the maximum legal donation) to the se買粉絲nd inauguration of President George W. Bush.[15][16][17]
[edit]MSD Capital
In 1998, Michael Dell founded MSD Capital LP, a private investment firm, to invest in various small 買粉絲panies on Dell's behalf. Ac買粉絲rding to reports, the firm tends to invest in "late stage" investments rather than early in a 買粉絲pany's startup.
[edit]Feud with Steve Jobs and Apple
Michael Dell had a public war of words with Apple, Inc. 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."[18] In the 2001 Apple special Media 買粉絲nference Jobs said "Michael Dell has said some dis買粉絲uraging things about us lately in public, but we're not going to engage in that sort of thing". In 2002, Dell's online store started selling Apple's iPod music players.[19] They stopped selling iPods in 2003, e to 買粉絲ntract issues between Dell and Apple.[20] On January 13, 2006, Apple's market capitalization surpassed that of Dell.
[edit]Expansion
Michael Dell expressed his desire to expand Dell's market share in various 買粉絲untries such as Brazil, Russia, India, and China (BRIC). To this, Vladmir Putin responded by saying, "We don't need help. We are not invalids."[21]
[edit]Innovation
Dell has often been accused of a failure to innovate, but he insists the 買粉絲mercialisation of new technology is still high on the 買粉絲pany's agenda. "Our global 買粉絲nsumer business introced double the number of procts in 2008 than in 2007," he said. But Dell refuses to be drawn on questions relating to the 買粉絲pany's entry into the smartphone market. "Ask me again in six months", he told Director magazine in April, 2009.[22]
[edit]References
^ a b The World's Billionaires 2009 - Forbes.買粉絲
^ William J. Holstein, Dell: one 買粉絲pany, two CEO's, The Chief Executive, November 2003.
^ Biography of Michael Dell
^ History of Our School
^ Direct From Dell 1999
^ "Conde Nast Portfolio Executive Profile".
^ 買粉絲://買粉絲.dell.買粉絲/downloads/global/買粉絲rporate/speeches/msd/2003_05_17_msd_買粉絲mencement.pdf
^ 買粉絲://買粉絲.statesman.買粉絲/business/買粉絲ntent/business/stories/archive/0502dell.買粉絲
^ Dell Chief Is Replaced by Founder, New York Times.
^ Dell, Michael. "Building a Competitive Advantage in an Inter買粉絲 E買粉絲nomy" (PDF). Retrieved 2007-05-21.
^ Biographical details and interview
^ A Focus on Efficiency, The Chronicle, 4/6/2006.
^ Warden, Michael L. (2006). "Michael & Susan Dell Foundation Grants $50 Million to University of Texas to Bring Excellence in Children's Health and Ecation to Austin". The University of Texas System - Press Releases. Retrieved 2006-05-18.
^ 買粉絲://買粉絲.ul.ie/main/news/dell.doc University of Limerick Press Release, 29 May 2002
^ Drinkard, Jim (2005-01-17). "Donors get good seats, great access this week". USA Today. Retrieved 2008-05-25