Dell Founder Returns As Chief Executive Officer
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Dell Inc.’s chairman and founder, Michael Dell, reclaimed the position of chief executive officer, ousting Kevin Rollins after he lost the lead in personal computers and failed to revive earnings growth.
The shares rose 4.3% after the Round Rock, Texas-based company said Mr. Rollins, 54, resigned effective immediately. The decision to replace him was made earlier this week, said spokesman Bob Pearson, declining to be more specific.
