Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
Tags: CEO
Accor Shareholders Pressure May Force CEO to Leave
Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
ASML Holdings Announces Plans for 2013
ASML Holdings introduces new CEO and unveils buyback plan for shares. The largest semiconductor equipment supplier in Europe, ASML Holding NV has appointed its finance director Peter Wennink to the position of Chief Executive Officer.
Financial Support and New CEO for Powerwave Technologies
Powerwave Technologies gets a shot in the arm in the form of a credit facility from P-Wave Holdings, an affiliate of The Gores Group.
Henkel Ready for New Acquisitions
The German consumers giant Henkel has a fund for new acquisitions. Henkel, the German consumer goods giant, has a fund worth between Eur3. 5 billion and 4 billion or US$4.
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Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
Rosetta purchases oil shale acreage from Comstock. Rosetta Resources Inc, the oil and natural gas producer, would be investing in Comstock Resources Inc's acreage located in West Texas Permian Basin.
Hulu appoints Andy Forsell as Interim CEO pending decision by Disney and News Corp on future of the website.
Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
Xstrata CEO to set up private mining fund when he leaves company after Glencore takeover. After Glencore International takes over Xstrata Plc, former top management of Xstrata are planning their next move.
Apple Inc executives met with Beats LLC executives for Project Daisy. Apple Inc, after its shareholder meeting, is now keen on doing business and one of its projects is its current discussions with Beats Electronics LLC.
Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.
Best Buy closes chapter on Schulze takeover bid. With the clock passing on the deadline for the Richard Schulze offer to be filed, Best Buy is now going with the turnaround plan proposed by current CEO Hubert Joly.
