Investing
24/7 Wall St. Most Overpaid CEO Of The Day: Dell (DELL) CEO Michael Dell
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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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