Mark Hurd Moving to Dell?

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By Douglas A. McIntyre Updated Published
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If Blackstone Group L.P. (NYSE: BX) can top an buyout offer by Michael Dell and Silver Lake Partners to buy Dell Inc. (NASDAQ: DELL), the private equity firm may have found an attractive candidate to become chief executive officer — defrocked Hewlett-Packard Co. (NYSE: HPQ) CEO Mark Hurd.

Hurd is currently a co-president of Oracle Corp. (NASDAQ: ORCL). Oracle founder Larry Ellison mocked the HP board as it let Hurd go because of a modest indiscretion with a female contract workers. Ellison’s praise may be part of the reason Blackstone wants him. The decision of HP’s board was followed by a collapse of that company’s fortunes.

According to Reuters:

The New York-based private equity firm is carrying out due diligence on Dell ahead of the March 22 expiration of a so-called “go-shop” period that offers interested parties the opportunity to outbid a consortium led by founder Michael Dell and Silver Lake Partners that has agreed to take the company private for $24.4 billion.

Blackstone approached Hurd as part of its deliberations on whether it will submit an offer for Dell, the person said on condition of anonymity. It remains unclear whether Blackstone will make an offer.

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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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