Dell having 'a lot more fun' now
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- Colin Pope
- Editor- Austin Business Journal
- Email | Twitter
Michael Dell talked about the benefits of going private to a packed crowd at the Council on Foreign Relations in New York this week and reported that the company is growing.
"I feel absolutely great, even more convinced [buying the company back and taking it private] was the right thing to do," Dell told the crowd, according to an article on CNN.com.
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While he still believes there's "an important role" for the stock market, according to the article, Dell lamented how regulations like Sarbanes-Oxley force boards to spend too much time on "backward-looking activities."
Dell owns about 75 percent of Dell Inc., and since buying the company late last year in a blockbuster deal Bloomberg has estimated that Mr. Dell and his partners at Silver Lake Management LLC have gains on paper so far of at least 90 percent.
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