Dell Turns To Banking Exec To Save Company (DELL)(HPQ)

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By Douglas A. McIntyre Published
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Dell announced, with great fanfare, that it had hired the head of Wells Fargo’s online operations to run its global online business. The public relations push might have made sense if the new executive had come from Hewlett-Packard, which has displaced Dell as the top seller of PCs.

Dell has indicated that among its significant problems is customer service. The company hired someone to fix that problem last year.

The new hire will work for Dell’s senior vice president of global online busines and global brand marketing. It would seem that the SVP is the person who should be replaced.

Dell’s problem is not the operation of its online presence. The company does not produce products that consumers want (nifty boxes like Macs) and it does not have a price and cost advantage with companies like Lenovo/IBM and Acer moving into the market.

A bank executive can’t fix any of that.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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About the Author Douglas A. McIntyre →

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.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

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.

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