Monday, February 5, 2007

Michael Dell strikes again

Michael Dell retook the helm, and he wants to prove its superior talent. Look to this statement: "We have great people...but we also have a new enemy: bureaucracy, which costs us money and slows us down," Dell wrote.

Reshaping Dell, Inc., top posts, it is its main tasks for now: Paul Bell, who now runs the company's European operations, will become top executive for the Americas operations that account for two-thirds of the company's revenue. Chief Financial Officer Don Carty will also take on more responsibilities, including human resources and investor relations.

But, some drawbacks still is around the corner: A class-action lawsuit filed this week in Austin claims that the company inflated profits with secret payments of about $1 billion a year from chip maker Intel Corp. (INTC).

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