When Ken Duberstein’s secretary told him Michael Dell was on the phone on the afternoon of July 31, there was little doubt about the topic. That morning, Dell Inc.’s special board committee had rejected the latest offer from Dell to take the personal-computer company private, a battle that was dragging into its 11th month.
Boeing Co. is adding to the duties of independent lead director, Ken Duberstein, as it seeks to head off a proposal to split the roles of chief executive officer and chairman that investors will vote on in two weeks.
As Barack Obama prepares to confront a strengthened Republican opposition to his tax, spending and immigration priorities when Congress convenes this week, his advisers are comparing him to another president who faced similar circumstances: Ronald Reagan .
President Barack Obama had just won re-election and his top advisers were in Chicago for the victory party. As they savored the moment, hugging one another and drinking champagne, Chief of Staff Jack Lew killed the buzz.
President Barack Obama named William Daley , a JPMorgan Chase & Co . executive and former commerce secretary, as his chief of staff, putting a Washington veteran with strong ties to business into a key White House job.
Last August Michael Dell approached the board of the computer company he had founded in 1984. He had a proposition: He wanted to take Dell Inc. private and told the board he was the right person to do so, according to people familiar with the matter.
Michael Dell roiled Wall Street and the technology industry by announcing last month that he and the private-equity firm Silver Lake Partners would be taking his eponymous home-computer maker private. The deal raised many questions -- most important, whether Dell, by far the largest shareholder, and Silver Lake were paying Dell’s fellow shareholders a fair price for their stock -- yet I’ve read little in the business press that tackled them satisfactorily.
When Barack Obama held his first prime-time news conference as president, the financial crisis was at its peak and not a single Republican had voted for his economic stimulus bill. So he pleaded for their partnership.