Sunday, February 04, 2007

Dell e-mail details corporate reforms - Yahoo! News

"DALLAS - In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.

The e-mail sent Friday also revealed that Dell will not hire a chief operating officer, will push faster product development and will expand into new business to drive revenue growth.
In the e-mail, Dell wrote that the company ended its fiscal year Friday with 'great efforts, but not great results.'
'This is disappointing, and it is unacceptable,' wrote Dell, who went on to say that he plans to remain CEO for the next several years.
Details of the shake-up came after Michael Dell replaced Kevin Rollins as CEO on Wednesday, returning to the helm of one of the world's largest computer manufacturers. The change came as Dell tries to fix mounting problems that include disappointing earnings reports, eroding market share and an ongoing federal accounting probe."

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