Exclusive: Icahn, Southeastern prepare Dell CEO shortlist - sources

Fri Jun 7, 2013 6:27pm EDT
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By Nadia Damouni

NEW YORK (Reuters) - Carl Icahn and Southeastern Asset Management Inc are short-listing potential candidates to become the next Dell Inc chief executive should they succeed in a proxy battle against Michael Dell and Silver Lake Partners, two sources close to the matter told Reuters.

A number of high-profile industry executives have been identified as possible successors to the Dell founder, including: Cisco Systems Inc director Michael Capellas, former IBM Corp services head Michael Daniels, Oracle Corp President Mark Hurd and Hewlett-Packard Co PC boss Todd Bradley, the sources said.

Icahn and Southeastern Asset Management have already approached several candidates, the sources said on condition of anonymity because the discussions were private. Capellas, Daniels and Hurd were not immediately available for comment. Bradley said in an email he had not been contacted.

A representative for Southeastern declined to comment. Icahn did not return calls for comment.

Icahn, Southeastern and company founder Michael Dell are locked in a battle over the future of the world's No. 3 PC maker, a struggle precipitated by the swift decline of the global computer industry and the company's failure to arrest sliding revenues.

Its billionaire founder and Dell executives have argued the company has little future in PCs and needs to transform itself into an IBM-like provider of full-spectrum enterprise services - a makeover best done as a private company. But major shareholders decry Dell's offer as cheapening their stakes.


Michael Dell and Silver Lake have proposed a $24.4 billion buyout of the personal computer maker. Meanwhile, Icahn and Southeastern Asset Management made a counter offer that would pay a $12-per-share special dividend and allow Dell shareholders to keep their shares.   Continued...

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip East