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.
John Desmarais , a former top earner at the 1,500-lawyer firm Kirkland & Ellis , spent more than 15 years representing some of the world’s largest patent owners. Now he’s one of them, and he’s gearing up to slay the kinds of companies he once defended.
Dell Inc., the computer maker whose founder, Michael Dell, prevailed last year in a contested management-led buyout, is offering faster systems for SAP AG’s Hana database product to attract business clients.
George Fremin bought 13,000 shares of Dell Inc. in 1992 and has owned them ever since. He calls himself a loyal shareholder -- and that’s why he cast his vote a few weeks ago against a proposed $24.4 billion leveraged buyout for the personal-computer maker.
When Michael Dell took his company public in 1988, the personal-computer maker’s biggest competitors were International Business Machines Corp., Compaq Computer Corp. and Gateway 2000. The headstrong founder was later quoted joking that his daughter’s first words were to “kill IBM” and his other rivals.