Also written by Julie Bort:
Cisco is Paying its New CEO Over $14 Million Plus Bonuses
x hide permanently

Michael Dell will be the CEO of a Public Company Once Again, but it Means Giving up his Power to Never be Fired

Business Insider
  • Michael Dell will once again be running a public company, thanks to a new financing deal with VMware.
  • As part of that deal, the billionaire CEO has given up something interesting: His ability to veto his own removal as CEO.
  • He's still basically impossible to remove as CEO, though, with 66% voting power over Dell...
Mentions: CEO IPO voting power