30 Burst results for "Michael Dell"

"michael dell" Discussed on 5 Questions with Dan Schawbel

5 Questions with Dan Schawbel

06:22 min | Last month

"michael dell" Discussed on 5 Questions with Dan Schawbel

"This is michael dell and. You're listening to five questions with dan schauble. You're listening to the five prussians podcast. I'm your host. Dan shaw bow in fewer than ten minutes. My goal is to extract the best advice in the world's smartest ammos interesting people might ask them just five questions. My guest today is the chairman and ceo of dell technologies. Michael michael started del in his dorm room at the university of texas. And today it's become one of the most successful technology companies in the world. He is one of the twenty five richest people in the world with a net worth at fifty one point. Seven billion and dell technologies made over ninety billion in revenue. This year we talk about his entrepreneurial journey that he covers in his memoir. Play nice but win during this podcast episode michael. Welcome to five questions. Great to be with you dan. How did those selling newspaper subscriptions and playing with technology as a teenager li you starting your company probably playing with computers had more to do with it and you know when i was in high school and it was kinda the dawn of the microprocessor age. I got enthralled by the power of the pc and also saw that the way the machines were being sold was pretty inefficient and thought i could do it in a better way clearly. You're somebody who is not just curious but you're actually willing to put the effort in so there's a work ethic behind that and that curiosity i find that with a lot of successful people. Curiosity is a big driver for their performance. Yeah i talk a lot about curiosity in the book. It's certainly something. I believe a lot in and i think underrate that as as a valuable skill but certainly for me. I've always had a desire to learn understand things you know when i first got my first i i i did was take it apart. Because how could you understand how it works. You don't take it apart. What a wonderful time to be to be learning there so many incredible opportunities out there. Yeah in the past repeats itself which prepares you for the future and so many people see the output of everything you've done in terms of everyone knows who you are. Everyone knows your company. But they don't see the struggles they don't see the journey that you've lived and clearly. You've enjoyed that journey so you've had many failures over the course of running dow. What have you learned from these experiences. That helped you become a better business person. The best thing you can do is to fix it as fast as you find it right and anybody who says they've had a lot of success and hasn't has failed as just lying right at. The core of success is curiosity learning and failure. And you know it's experiment. Try something maybe. It works probably doesn't work. Adjusted failure is just an integral part of success. Nobody succeeds all by itself. This episode is sponsored by workplace from facebook. People being people. We can't help but make our work more personal and more human whether that's bring something from our personal life into our work life like quirky mugs or family photos or maybe little acts of kindness to colleagues whatever you bring to work to help you. Be you workplace celebrates it easy to use features make work feel more familiar as well as help. Everyone worked together. A new ways visit workplace dot com slash human to discover more workplace from facebook. Make your place of work a great place to work. Yeah you make your own luck right. You've put yourself in a position where you can't succeed just doesn't come to you right. It's not like winning a lottery ticket. And a lot of those people lose that money anyways speaking like the hr world term. We've gone through this pretty remarkable few years of hr transformation. Talent is now everywhere. Jobs are coming to people more so than people are going to jobs. The future of work in many cases is hybrid. How do you evaluate talent when you make hiring decisions. It's pretty context specific right because we don't want all the talent to be the same. What we really for is the ability to grow and to learn and to scale inside the business. When i think about who. We're going to hire who were going to promote and who we're going to give responsibility we're thinking a couple years down the road and further. How far can this person continue to grow and develop. That's really a key objective function and obviously that learning mindset. We talk about having beat years inside the company and be listening all the time. Superport yeah and i think that's even more relevant right now where you know in this great period where there's over ten million unfilled jobs right. It's very competitive defined talent. But you're thinking years down the road you know. How can i recruit someone who could be the next person who reports to me. potentially right and i think there's many many of the greatest companies and leaders that i've interviewed that that's what they do. I mean they start looking at talent in like middle school and high school now much like recruiting for a sports team. They're recruiting their next executive and billionaire. Ceo's like jeff bezos. Jack dorsey alon moss. I've started multiple companies or ventured into space. What are your plans for the next phase your career. And how do you intend to spend your life. I'm involved in in three companies on the three public companies chairman of three public companies. Ceo of one. My wife and i have a family foundation that we are spending more and more time on. And i think that will occupy increasing percentage of of my focus going forward and i've also got asset management company that i set up. Msg cavill amnesty partners. That's become a a large alternative investment asset company so that has been involved in lots of different exciting businesses. All that and four kids that keeps me pretty busy anna book so you got a lot of you got a lot going on and was a lot of fun because a lot of fun and the percentage by which you divvy up your time obviously changes as you get older and things become more or less important back to what you're saying before it's getting the leaders who can support these next phases of your career as well because you know it's a team sport and what's your best piece of advice when you find a problem fix it as fast as you find it pretty simple but it but it works. Yeah it's like stop the bleeding. Put out the the forest fire before catches on things. Get worse things it works. Nobody nobody comes to you. And says i wish you would have waited longer to make that decision right. You know like that never happens when you find a problem. Go fix it right away. Don't hesitate to have the difficult conversations that need to be. Had to get things back on track and fixed..

dell technologies michael dell dan schauble Dan shaw Michael michael university of texas facebook dan michael Jack dorsey alon moss Msg cavill amnesty partners jeff bezos anna
"michael dell" Discussed on Squawk Pod

Squawk Pod

05:54 min | Last month

"michael dell" Discussed on Squawk Pod

"Chain has been a strength for us for quite some time. But we're not immune. I mean we are. We do have very high backlogs. even though we're shipping more products than we ever have in the past and lead times for many products are are extended but You know we're we're we're we're doing our best to keep up. I think it's going to still take a quite some time for semiconductor capacity to to rise to demand that we see out there. So it's it's record it's record demand and record shipments Even though there there there are challenges. Michael you kind of have been one of those rare people who not only would go public with the company take it private and then go public again and i think that's just kind of mind boggling for people to get their heads around. What made you decide to go back to the public markets again. What what was the moment that you said okay. Time to go back to shareholders after the massive series of transactions we done. It was really time to simplify the capital structure. Clean up a lot of the debt that we had a paid down an incredible amount of debt and got a double notch upgrade a few days ago for message and a similar one from fitch so really going public was the simplest way to bring all the different classes of shares of the company together and simplify the structure and give us the flexibility. We need every had significantly transformed the company in in a material way you see that with our continued growth and success. What do you like better running a public company or either one can boast. It's it's an and one of the things that we did. When we went private was we re ignited the entrepreneurial engineering company and talk about that lot in in the book and we kept that spirit and that approach going now now the republic again today is not only the launch of windows eleven but it's also tenure anniversary from when the technology Lost steve jobs. And i know that he's somebody that you looked up to and admired. Met him very early on when you were still a teenager. What do you think just in terms of what's happened that transformation ten years later at apple. We'll certainly amazing. How the the the smartphone. The iphone has changed all of our lives and you know apples. Apples continued to innovate. I think it's certainly different than what steve would have done. You know he had had a different different approach his his own approach. And you know but Look apple's incredible company. And and steve obviously an an amazing amazing leader that change industry forever. And you know what. What can you say in apple. Apple was certainly change. Change change the way we think about computing. Mean you've got five billion people walking around in the world today. Effectively with computers in their pockets and apple apple was enormous part of making that happen. Yeah michael wanna thank you so much for the time and the book again is really a very open. Read very honest and it was a pleasure to read so thanks for being with us today book again. It's called play nice but win and we appreciate your time. Thank you becky you tell by the way folks. We should also point out that october thirteenth is. Cnbc's at work summit it returns the pact lineup including michael dell and many other influential voices on the future of work will be speaking with ray dalia there as well and if you want to be with us for that event you can register right now. Cnbc events dot com slash work summit. Squawk pot will be right that. Cnbc's workforce executive council is the premier group of c. suite human resources executives from leading companies across the country. It offers a members. Only portal chat plus exclusive industry contact with access to breaking news calls and digital networking experiences the networking resources. Hr leaders need now. Apply to the workforce executive council at cnbc councils dot com slash w. We see that's swap todd for today. Thanks for listening looking ahead to tomorrow. The explosive congressional testimony of the facebook whistle blower will the world's largest social network be forced to change its practices. Squawk box is hosted by joe. Kernan becky quick and andrew. Ross sorkin you can tune in weekday mornings on cnbc at six eastern to get the smartest takes and analysis from our tv. Show right ears. Listen and follow swap pod. Wherever you get your podcasts. We'll.

apple michael wanna fitch steve Michael michael dell steve jobs Cnbc ray dalia cnbc becky workforce executive council Kernan becky quick Ross sorkin todd facebook joe andrew
"michael dell" Discussed on Squawk Pod

Squawk Pod

07:54 min | Last month

"michael dell" Discussed on Squawk Pod

"Do their audits on those usually high income wealthy individuals that may be concealing their Their transactions and their income and these would be helpful indicators of where it makes sense for auditing to occur so it is not reporting the individual transactions or anything of the like and it would be a simple thing for banks and other payment providers to provide along with the other information. They're already providing secretary. One thank you for joining us this morning. Right here on squawk box Hope we can do it again soon to continue this conversation right pleasure. Thank you for having me. She says october eighteen is the drop dead day basically. She sees that as the day that we are near to running out of cash The wrangling that you're seeing now in congress doesn't make it look like it's a sure thing between now and then because what is that thirteen days thirteen days and i didn't get a sense that She had a sense that they were going to get any closer. Yeah there's so many things that are happening right. Now that she was able to weigh in on Also just the question of will jay powell be nominated again by this administration Senator warren came out in the last week. It was very deadset that she's not going to support that Janet yellen said the administration that joe biden will talk to a lot of people and make his own decision. But she didn't come out and say that she'd be recommending him either. She was quiet on that point. Said that she she was okay with this. This control or the currency nomination that individual went to moscow state on a lennon scholarship and really says that the soviet banking system is better than ours and would would you know his made some. You know. I think but you say about wall street. It's a bunch of a holes or something and i didn't really understand. What did it sound like. She said she involved in picking that professor. I'm aurora or i. Didn't i did not get the sense that she she was involved in it. I think that that these people in these positions as we know whether we've interviewed people in the prior administration administrations passed in these roles. You support the president and so when the when the president has a position and a coincidence urge them or you don't right right. i think you're probably right with that. But i just wonder how much influence she has policy. Then because she is the the lead on financial matters you would think so. I would have thought he'd have some say it and if she did have a yeah. This person seems fine to me. I think that's an indication of where we probably right in terms of you know. I'm sure she has an opinion on it and she's not going to tell us she told station. And that's kind of where she stands without gonna cast so wish. You would've your whisper it to us next on squawk todd. Michael dell is the last pioneer of the personal computing revolution. Still running the company. He founded the story of del from his college dorm. Room to taking on corporate raiders to computing and dependent. When you're doing new things a lot of it is experimenting and testing and failing and trying to get it and ultimately finding your way to success in that time and time again and we're still to get inside the mind of the greatest of all time seven time super bowl champion. Qb tom brady hosts. Let's go here him. Expresses love for teammates. Like rob gronkowski. If you're going into battle you want to go in with rob gronkowski on your side to the changing of the guard. Qb garnered the days of drew. Brees peyton manning philip rivers. Eli manning those are the guys that. I'm used to hear announcing all these young guys. Some controversy at southlake tonight after teens posted a racist video it was a wealthy idyllic. Town forced to confront racism. What shows are we're told. Rosa parks is day when the school board presented. Its plan. This small town fight ignited a national firestorm critical race theory. Very rapid. This is south. Lake an nbc news. Podcast all episodes available. Now listen wherever you get your podcasts. This is squawk pod from cnbc. I'm producer zach vilakazi apple. Google hewlett packard. All these companies were founded in and around garages. But our next guest started up a little bit differently in his roommates bathroom and dorm room at the university of texas michael dell founded his computer upgrade company. Pc's limited when he was only nineteen years old kind of took my summer off and started. The company decided to continue computers. Well were boxy with limited graphics. But they were rising in consumer popularity and by the time he should have graduated from college well before he dropped out. Dell was a ceo noted as a wince kid this is from the nbc archives. The anger is chris wallace. We want to introduce you tonight to the whiz kid. His name is michael dell then. He is so smart and so energetic that he's done more in a couple of years that most of us could even dream in a lifetime. His businesses computers making and selling them to corporate customers. He is chairman chief. Executive officer owns all of the company stock and he is only twenty two this one thousand nine hundred eighty seven profile features and incredibly young michael dell in a huge pair of glasses that chassis. Tighter will will slow that down lot. He is a self taught technical genius. The businesses innovation lower costs on computers offering customizable features and cutting out the middleman. Dell's were sold directly to consumers. There's so much to be done. Some may opportunities so many things to do. Dell computer went public in one thousand nine hundred and by the time he was twenty seven. Michael dell was the country's youngest leader of a fortune five hundred company. Pc demand was hot for years decades. Even michael dell had appeared on. Cnbc many times here. He is on squawk box in two thousand and four. Is there anybody who can help me fix my problem. Is there anybody anywhere. There looks like there is. Hopefully i can help you with that. They make housecall mike absolutely but changing tastes and the laptop market. And the risa smartphones took a toll on the stalwart. pc's and in two thousand thirteen. Del led a remarkable shift in the company strategy due to a low share price dell and private equity partners bought back the company stock from shareholders. Taking it private for several years and focusing on the rebuilding of the company away from the pressures of quarterly earnings. Statements is now officially. We has of the meeting. Jackie deangelis has that jackie michael dell's proposal along with silver silverlake partners has been approved by the shareholders. Thirteen seventy five share. We're going to get the thirteen cents special dividend all when it relisted. In two thousand eighteen dell technologies was a different company it acquired an it infrastructure giant emc invested in cloud data computing and other software. It's this story of taking significant risk from the bathroom to an eighty billion dollar tech giant. That michael dell tells in his new memoir called play nice but win out today. He discussed that on our tv broadcast today with becky..

michael dell jay powell Senator warren Janet yellen rob gronkowski Brees peyton manning zach vilakazi joe biden dell moscow aurora philip rivers congress tom brady Eli manning southlake Rosa parks nbc news todd hewlett packard
"michael dell" Discussed on Squawk Pod

Squawk Pod

07:34 min | Last month

"michael dell" Discussed on Squawk Pod

"Zach fully today on our podcast too big interviews treasury secretary janet yellen with an urgent warning to raise the debt limit in the. Us would be catastrophic to not pay the government's bills. It really undermines confidence in the full faith and credit of the united states. So will the. Us failed to pay bills. The white house is top economic voice on those two certainties debt and taxes. Here's an enormous tax gap in the united states. Estimated seven billion dollars over the next ten years in terms of for shortfall of tax collections. To what we believe erode it comes from places where that information on income is opaque can can be hidden and pioneer michael dell the stories of success and failure that built his eighty billion dollar brand. The tech leader is out with a new memoir. I wanted to tell the real law stories of what actually happened. Not the sort of glamorous version. It's tuesday october. Twenty twenty one pod begins right now today on the podcast treasury secretary. Janet yellen any dangerous deadline. That is fast approaching. The united states will no longer be able to honor its debts by october eighteenth and if congress doesn't agree on a plan to suspend or raise the ceiling by then the us could default for the first time. Ever as you'll hear from secretary yellen. A default would prompt widespread damage to our own economy to people's paychecks and t- nited states reputation but hopefully our lawmakers will avoid that before she took on the role as treasury secretary. Twenty twenty one yellen was chair of the federal reserve so while she's watching inflation and tax proposals from her perch at the treasury. She's also watching the fed and her successor. Jerome powell janet. Yellen joined squawk box anchors. Joe kernan becky quick and andrew. Ross sorkin today. Here's andrew who secretary. Thank you for joining us. Thank you for having me. It's great to see you help us understand the state of play as you see it. You have worn congress that they have until october eighteenth to raise or suspend the debt limit to avoid what would be the first ever. Us default of course the us now has about twenty eight point. Four trillion dollars in debt. the votes don't appear to be there. How do you see it. Well you know it's really up to speaker pelosi leader schumer to figure out how to get this done in congress what i can tell you is that it's utterly essential that this be done. I've said that. By the eighteenth of october we will be out of extraordinary measures have limited cash and likely to exhaust it very quickly and so do regard. October eighteenth deadline. It would be catastrophic to not pay the government's bills for us to be in a position where we lacked resources to pay the government's bills. It really undermines confidence in the full faith and credit of the united states or willingness to stand behind our debts. And make sure that we pay them. And when you think about the impact it could have on fifty million seniors. That are expecting social security checks. Our troops on thirty million households waiting to receive their child tax credit payments and these would be delayed in the delays would grow longer and of course are dead itself Us treasury securities are have long been viewed as the safest asset on the planet that that partly accounts for the reserve status of the dollar and placing that in question by failing to pay any of our bills that come do. We really be a catastrophic outcome. I i fully expect. It would cause a recession. As well. I i recognize The the ultimately going to be responsibility of the senate in the house. But let me ask you this senator mcconnell Did put it on there Put put the responsibility on the speaker of the house and the senate democratic leader yesterday and then Senator mansion yesterday said maybe the the approach in terms of the tools. That are available should be reconciliation. That democrats should do reconciliation. Would you support that well. Andrew ice support getting it done. This is long. Been done on a bipartisan basis. The debt ceiling his been raised almost eighty times since one thousand nine hundred sixty and almost always on a bipartisan basis. This shouldn't be the responsibility of one party or the other. We have to raise the debt ceiling as a routine matter whenever the country Runs budget deficits and with the exception of a few years in the late nineteen nineties. This has happened during most of the postwar period and it should be routine to raise it When bill surpassed and a tax policy is put in place. That's the right time to debate with the fiscal policy of this country should be and we have those debates but once decisions are made we have to pay the bills that come from those decisions and so to place an arbitrary ceiling on our debt and to create periodic crises manufactured crises that really place our economy and our financial system at risk. Especially now that we're recovering from the pandemic in a fragile way I consider it this year responsible. I believe that both parties have responsibility to get this done. And it's really up to the congress to decide how to manage it. But i believe it must be done one of the reasons. That debate is taking place. is in part because the democrats have now linked these two other spending packages together That are quite remarkable in size. And i'm curious if you could take us inside those conversations and whether you support winking boost those two packages together well. I support both packages. I think the infrastructure bill that was crafted on a bipartisan basis. Certainly has the support of the white house. I'm supportive of it without doubt. We need to modernize our infrastructure. Our roads and bridges in many cases are crumbling. We need to upgrade our ports or airports to modernize our grid to build electric power charging stations across the country to promote the.

Janet yellen united states treasury michael dell secretary yellen yellen congress Jerome powell Yellen Joe kernan becky quick Ross sorkin federal reserve government andrew Us treasury Zach
"michael dell" Discussed on The Blog of Author Tim Ferriss

The Blog of Author Tim Ferriss

07:53 min | 2 months ago

"michael dell" Discussed on The Blog of Author Tim Ferriss

"The equity in del we took on a substantial more debt and to compensate the shareholders. We gave them a combination of cash and attracting stock which tracked the emc owned an eighty one percent interest in vm-ware and so the tracking stock was created for a portion of that emc ownership to compensate the emc. shareholders and tracking stocks are kind of arcane. You don't really see very often and the tracking stock appreciated well but it's still traded at a substantial discount to the underlying via where shares and a better way to do this was to align all the interests of shareholders which is why we ultimately combined with attractive stock in late twenty eighteen. Just a quick thanks to one of our sponsors and we'll be right back to the show. This episode is brought to you by wealth front. Did you know if you missed ten of the best performing days after the two thousand eight crisis you would have missed out on fifty percent five zero percent of your returns. Don't miss out on the best days in the market stay. Invested in a long term automated investment portfolio wealth front pioneered the automated investing movement sometimes referred to as robo advising in the currently oversee twenty billion dollars of assets for their clients. While front can help you. Diversify your portfolio minimize fees and lower taxes takes about three minutes to sign up and then wealth front will build you. A globally diversified portfolio of etf's based on your risk appetite and manage it for you at an incredibly low cost while front software constantly monitors your portfolio day in and day out. So you don't have to. They look for opportunities to rebalance and tax laws harvest to lower the amount of taxes. You pay on your investment gains. Their newest service is called autopilot and it can monitor any checking account for excess cash to move into savings or investment account. They've really thought of a ton. They've checked a lot of boxes. Smart investing should not feel like a roller coaster. Ride let the professionals do the work for you. Go to wealth. Front dot com slash. Tim and opening wealth front investment account. Today and you'll get your first five thousand dollars. Managed for free for life that's wealth front dot com slash. Tim while front will automate your investments for the long term and you can get started today. Wealth front dot com slash. Tim so when you're thinking about taking the company private and as you went through the process how did you think about risk and mitigating risk. What were the risks in terms of downside scenarios are worse case scenarios. and and. how did you sort of mitigate the likelihood of ending up in those when you take the company private basically. You're putting it up for sale and anybody can buy it. I wanted to be the person who was going to buy it. And thought that i knew more about it than anybody else and i thought it was worth a lot more than the market thought it was worth otherwise i would be buying right but a lot of things could have gone wrong. Somebody else could have stepped in and said well. I'm willing to pay a little bit more. And then i would either have to top that offer or are at some point get priced out and of course the process can cause a lot of disruption. It can be used by competitors who can create fear and uncertainty in doubt in the market about your business. Imagine the family members inside the company you know reading about this or hearing about it on tv and wondering what's going on with this company and during the process. The downside scenarios played out. We had multiple bidders. We had there were times when people were speculating about who was going to run. The company wasn't going to be me. It was a pretty messy ugly process with respect to ultimately going public should just add as context. So i i know a fair number of public company ceos and more than a few. Just hate the shot clock as you put it like. Hey guys we're trying to make investments for long term growth and innovation. This is ridiculous in bothers them a lot and then i know the has some very very large privately. Held companies ultimately was the decision to go public again necessary because shareholders needed liquidity is how the decision was made. I wouldn't say it was necessarily. Because shareholders needed liquidity none of the shareholders of really access liquidity in any material way but it certainly allow us to clean up the capital structure. Simplify things pay down debt faster. We just got a upgrade to investment grade by one of the rating agencies which we kind of expected. What's going to happen. Disgraced to see it in print. But i would say one of the things we did. During the go private was we re ignited the entrepreneurial spirit of the company which was his origin. And i actually believe we've kept that going even as we're public and so we're very clear with our investors that are horizon is not just the next ninety days we're thinking about you know the medium-term in the long term and we've reoriented the business and it's working. We had fifty percent growth this last quarter and at our size. That's that's substantial growth rate huge growth rate. Was there anyone who stands out. Could be more than one person who is particularly helpful that you're comfortable sharing during the take private chapter of your experience. Jamie diamond from j. p. morgan chase was particularly helpful. And there's one story about the combination with emc. And vm ware. Where he comes with. Egon durban from silverlake and i to the emc board meeting where were basically trying to convince some to let us by their company and they're asking us all these various questions and at one point they ask Will you know you have the money. It's like sixty seven billion dollars and jamie. Yeah they have the money he said it and he has stepped in and helped our company many many times and super helpful thoughtful and then a great friend. i'd look to ask about investments but maybe not in the traditional sense ad love to ask you what are one or some of the most worthwhile valuable investments. You've made that could be an investment of money time energy anything at all just to to give an example. I think warren buffett when he's asked this question your best investment. He talks about a public. Speaking course and believe it was with the carnegie institute or something along those lines because it multiplied and so many other skills is complementary to so many other things that he was focused on so it could be really anything at all. Does anything come.

emc Tim etf Jamie diamond morgan chase Egon durban silverlake jamie warren buffett carnegie institute
"michael dell" Discussed on The Blog of Author Tim Ferriss

The Blog of Author Tim Ferriss

08:11 min | 2 months ago

"michael dell" Discussed on The Blog of Author Tim Ferriss

"Just a quick note at the very beginning of this conversation. We dive into a little bit of inside baseball. But not to worry. We come right back around later in the conversation and explain everything so stick around and thanks for listening. Hello boys and girls ladies and germs. This is tim ferriss and welcome to another episode of the tim. Ferriss show my guest. Today is none other than michael dell you can find him on twitter at michael dell. Michael is chairman and chief executive officer of del technologies an innovator and technology leader providing the essential infrastructure for organizations to build their digital future transform. It and protect their most important information. He's also the author of play nice but win a ceos journey from founder to leader. Michael is an honorary member of the foundation board of the world economic forum and is an executive committee member of the international business council in nineteen ninety nine. He and his wife. Susan dell established the michael and susan dell foundation you can find out online at dell dot com. You can find michael on all social. And i'll linked to those at teamed up log fort touch podcast but for instance as we mentioned on twitter at michael dell michael. Welcome to the show so nice to see you. Great to be you jim. Thanks for having me. And i thought we will just dive right into the action and begin with a story to pull people into your life and the many adventures that you've had you open the new book with some mention of meatloaf and i'm a huge fan of meatloaf. So that got my attention but there other aspects that got my attention. Could you please elaborate and tell us the story of eating meatloaf and why it made it into the story of your life. Yeah well it wasn't me loves the band musician halfway through the go private and i confront carl icahn directly face to face. I'd i in his home and go over there to have dinner. And i kind of suspected that he didn't have any plan for the company and that was my objective list to understand. Did he really have any cards or was he just tried to get me to you. Know raise the price a little bit. And i described this. Very dramatic moment and a madhouse having dinner. And it's very clear to me that he didn't have any plans for the company and it was a fun exciting moment about halfway through the go private now for people who don't have any context. Who is carl icahn. Let's just start with kind of defining some of the players here and then we're going to bounce around chronologically but for those who have no idea who that is. Who who is carl. Icahn what does he do. So he's a pretty famous financier sort of corporate raider green mailer and general troublemaker. Who kind of find his way into transactions where he can try to cause trouble and get people to buy him out and you know sometimes. It works pretty well sometimes. It doesn't to him. It's all a big poker game. He showed up in the middle of our go private. He'd never owned any of our stock and found a kind of weasel way into the deal to try to make a little bit of money. So we we freeze frame that in time there was media coverage with headlines for instance from fortune the gamblers behind texts. Biggest deal ever. But things didn't start there. And i want to go back to childhood and the beginnings and then we're going to jump around chronologically but where does the title of the book come from so play nice but when is something that my parents used to tell my two brothers and i whenever we would go out in the street to play ball now they they would tell us played ice but win and it kind of stuck with me as a pretty good life philosophy to be fair to be ethical to be forthright in what you're doing in your dealings with others but also don't forget to win right and so some people just remember the play nice part but there's also that wind part which is also important but that's one of my earliest memories. Is our parents telling us nice but win and so it's suffering stuck with being something we talk a lot about adel just for people who are wondering or people who might be saying themselves. Yeah yeah sure okay. That sounds nice. Of course i must say that as a backdrop to this when we were first introduced a few years ago the mutual acquaintance introduced us said to me he really is just the nicest guy imaginable and his whole family. It's and that has been my experience and it's always fascinated me. Because i imagine many people listening will immediately conjure counter examples in the sense that there are many ruthless win at all cost players and one would imagine that being nice could be a handicap. If you're taking certain options off the table because you view them as unethical or otherwise that you would be in a way tying one hand behind the back when competing against these other people. How do you think about that. I think life is a is a long journey and your reputation and your integrity matter. And i've seen time and time again when you do the right thing and treat people fairly and nicely it comes back around to you in very positive ways it certainly what i feel comfortable with but it's also a lot simpler way till to live your life from accurate if we go back again to your. Adolescence is just doing homework for this conversation. Which i always enjoy doing with people i've met just because it would seem really creepy otherwise to do all this but i have context and a pretext for doing it when i have these interviews and what i'm looking at here from an interview is what the journalists wrote and that is he made a report eighteen thousand dollars selling newspaper subscriptions at age. Seventeen the secrets to his success. Trial subscriptions for new residents and apartment complexes in conduct communities as well as recruiting friends to research public records of new marriage licenses at the county courthouse. So the first thing. I have to ask because you can't believe everything you read. Was that part of what happened. In terms of the the secrets to the success with the newspaper subscriptions. Yeah yeah. that's very accurate. And how did you arrive at if you remember recruiting friends to look at the public records. I suppose it's just not something that would immediately occur to a lot of seventeen year olds. I remember exactly what happened. I got this job and i was a telephone solicitor and i worked at the houston post. It uses now defunct. It was merged with the chronicle and they had a bunch of kind of in this big open bullpen and we were given sheets of paper that had just like random phone numbers on them that you would call the phone numbers and try to convince people to buy a subscription to the houston post newspaper and in my first full month i was there. I was the top salesperson. I remember that. Because i got an award. I thought that was pretty cool. But what i figured out was that there were a couple of things you can do to sell newspapers better than anybody else. Right and one of the easiest things was. You just sounded like the people you were talking to so you you just sort of picked up. Whatever accent that. I won't do to those for you today..

michael dell tim ferriss del technologies carl icahn foundation board of the world international business council Susan dell susan dell foundation michael dell michael Michael twitter michael Icahn baseball dell jim carl adel houston post
"michael dell" Discussed on The Tim Ferriss Show

The Tim Ferriss Show

06:21 min | 2 months ago

"michael dell" Discussed on The Tim Ferriss Show

"Half mile before my hands. Start shaking question now. It does seem like the organism living tissue metal roof just a quick note at the very beginning of this conversation. We dive into a little bit of inside baseball. But not to worry. We come right back around later in the conversation and explain everything so stick around and thanks for listening. Hello boys and girls ladies and germs. This is tim ferriss and welcome to another episode of the tim. Ferriss show my guest. Today is none other than michael dell you can find him on twitter at michael dell. Michael is chairman and chief executive officer of del technologies an innovator and technology leader providing the essential infrastructure for organizations to build their digital future transform. It and protect their most important information. He's also the author of play nice but win a ceos journey from founder to leader. Michael is an honorary member of the foundation board of the world economic forum and is an executive committee member of the international business council in nineteen ninety nine. He and his wife. Susan dell established the michael and susan dell foundation you can find out online at dell dot com. You can find michael on all social. And i'll linked to those at teamed up log fort touch podcast but for instance as we mentioned on twitter at michael dell michael. Welcome to the show so nice to see you. Great to be you jim. Thanks for having me. And i thought we will just dive right into the action and begin with a story to pull people into your life and the many adventures that you've had you open the new book with some mention of meatloaf and i'm a huge fan of meatloaf. So that got my attention but there other aspects that got my attention. Could you please elaborate and tell us the story of eating meatloaf and why it made it into the story of your life. Yeah well it wasn't me loves the band musician halfway through the go private and i confront carl icahn directly face to face. I'd i in his home and go over there to have dinner. And i kind of suspected that he didn't have any plan for the company and that was my objective list to understand. Did he really have any cards or was he just tried to get me to you. Know raise the price a little bit. And i described this. Very dramatic moment and a madhouse having dinner. And it's very clear to me that he didn't have any plans for the company and it was a fun exciting moment about halfway through the go private now for people who don't have any context. Who is carl icahn. Let's just start with kind of defining some of the players here and then we're going to bounce around chronologically but for those who have no idea who that is. Who who is carl. Icahn what does he do. So he's a pretty famous financier sort of corporate raider green mailer and general troublemaker. Who kind of find his way into transactions where he can try to cause trouble and get people to buy him out and you know sometimes. It works pretty well sometimes. It doesn't to him. It's all a big poker game. He showed up in the middle of our go private. He'd never owned any of our stock and found a kind of weasel way into the deal to try to make a little bit of money. So we we freeze frame that in time there was media coverage with headlines for instance from fortune the gamblers behind texts. Biggest deal ever. But things didn't start there. And i want to go back to childhood and the beginnings and then we're going to jump around chronologically but where does the title of the book come from so play nice but when is something that my parents used to tell my two brothers and i whenever we would go out in the street to play ball now they they would tell us played ice but win and it kind of stuck with me as a pretty good life philosophy to be fair to be ethical to be forthright in what you're doing in your dealings with others but also don't forget to win right and so some people just remember the play nice part but there's also that wind part which is also important but that's one of my earliest memories. Is our parents telling us nice but win and so it's suffering stuck with being something we talk a lot about adel just for people who are wondering or people who might be saying themselves. Yeah yeah sure okay. That sounds nice. Of course i must say that as a backdrop to this when we were first introduced a few years ago the mutual acquaintance introduced us said to me he really is just the nicest guy imaginable and his whole family. It's and that has been my experience and it's always fascinated me. Because i imagine many people listening will immediately conjure counter examples in the sense that there are many ruthless win at all cost players and one would imagine that being nice could be a handicap. If you're taking certain options off the table because you view them as unethical or otherwise that you would be in a way tying one hand behind the back when competing against these other people. How do you think about that. I think life is a is a long journey and your reputation and your integrity matter. And i've seen time and time again when you do the right thing and treat people fairly and nicely it comes back around to you in very positive ways it certainly what i feel comfortable with but it's also a lot simpler way till to live your life.

michael dell tim ferriss del technologies foundation board of the world international business council Susan dell susan dell foundation michael dell michael carl icahn Michael twitter michael baseball dell Icahn jim carl adel
Refounder: The Essential Longevity Plan for Every Small Business

The Small Business Radio Show

08:47 min | 11 months ago

Refounder: The Essential Longevity Plan for Every Small Business

"What we've all heard the term founder and many of us our founders of small businesses. But what is a re founder and can you be one of them. Help us with that. Is patrick colletti. Who's a leadership at organizational cultural expert champion for founders and author of the upcoming leadership leadership. Book rebounder patrick. Welcome to the show. Thank you invite me here so been surviving during this pandemic. We've been making lots shifts Founder should you know finding the opportunities and being candid and honest about what needs to change. And as emily it's been It's been terrific so we all know. When a founder isn't a lot of us are founders. What's a refunder. Well refound herships the same john as founders though is expressed in different ways so let founders visa visionaries they take a different approach But they're the turnaround artists. These men and women who reimagine existing but broken structures and aimed to improve them. So i like to think of them. In a way as very practical magicians taking the raw materials of the company a culture or even life and transforming them into something more meaningful so put more simply be founders used their magic to create something better from something broken and founders typically start and founders two to draw a parallel but a difference they really start with nothing a create something so refunders. Really take something that's broken and make it better so our refound. There's always someone from the outside or kenny founder. become a refunder or they can't because as they say you can't read the label when you're inside the jar. I absolutely believe that people can change. So i would say while it is not that typical that founders then become a founder. I say they are where when given the right stimulus whether it's a crisis Something with their business with their family. Something dramatic happens in other book point to the fact that he to change that they change in history shown that that absolutely can happen so give us give us some examples of history where outside persons coming been rebounder and actually found gold in something that perhaps the founder had given up on shirt yet. This is it's actually quite common. You know there's a. There's a life cycle for those enterprises. That are fortunate enough to grow passed. A few million dollars inevitably after a few years. Some form of entropy occurs and so whether it's the founder that gets them stimulus that recognizes something needs to change more likely somebody within the business typically visit trigger now as you know with small businesses Most of them don't crush that two three four five our they do the need for change. Change die becomes pretty critical and so virtually any business today. That is over. Ten million dollars in revenue has had to make some pivots that all would point to having founder in the business. Now that may be a middle manager. That's pointed out that the product line needs to change that could be a co founder Or it may be found as well. Yeah it's interesting because you see very few businesses. They're able to go from nothing to billions of dollars. I mean the michael dell's of the world. The bill gates the world's although bill gates had partners to typically the skills that you need to actually get something started are not the same skills to grow it past at least in my case past ten million dollars it also indicates that there are not a lot of one companies right and so while you know what what gets you to. The party isn't the thing that will necessarily keep you there. It speaks to the fact that you know you may be one trick Business and you may have one. Particular product speaks to an audience. But that doesn't necessarily create a real thriving. Enterprise that's just a product you know. It's it's interesting to me because what you're saying is the refounded necessarily a partner or owner in the business. It's just some kind of person that works with you. That's a catalyst absolutely so founder doesn't need to be an owner in the business. In fact when. I speak to college students or young professionals one of my encouragements to them is every employer wants this. Every employer may not provide a fertile ground for but once they once you share on these your founder characteristics. They want you there. You're gonna be the future of the business and there's go ahead. Yeah there's really four steps in so one could argue. There's four kinds of founders instead of behavioral models that are that are linked to this. But i think the easiest way to think about it is every founder follows four typical patterns in the first one is a refunder. Isn't afraid to take silver. Look at hard reality and when you think about those folks that are on the front lines and maybe do in hand to hand combat in sales part of that has to do with ignoring problems sometimes and ignoring the knows that you get to keep going another day and so that may not fit well with somebody who is focused and taking a sober look at a hard reality. And that's not. Take a shot at salespeople at all Salespeople are very important. i'm a salesperson. We all need to sell. We're going to be successful but that particular behavior taking a sober look at hard realities. Takes a very special kind of person in personality. The second step is identifying. What's broken and you think about that. In terms of your strength finders. The level of conscientiousness that takes imprecision to find what's actually broken. And then to to take a phrase from the book which is taken from william faulkner to kill your darlings because candidly most of us to have too many options and it's difficult to close doors and so if you can be wise enough to kill your darlings and selectively focus then you go to the third step of of being founder. And that's where you imagine a davis in bold new possibilities and even if those possibilities seem remote it just for a moment juxtaposed that with step one which is not being afraid to take a sober. Look hard realities those people in particular. Think about your conscious. Cfo or an accountant that may fit into that category than imagining audacious bold new possibilities. And so that's the third step and then the fourth is refunders spring to action and the key here is execution and so we all of her execution is key. But there's there's an important asterik here. And that is that they have to execute by creating better realities for people those in their communities in the world large because just executing to get it done that may work for a short period of time. But unless there's a just cause a real purpose that re founding effort walton fail in. I don't really want to sell short. How difficult this is really for. A founder because founders are used to doing it themselves right so have you found that founders may not want to refound your because they say i can do it. I can turn around or they don't wanna work with someone because they don't want to miss something's wrong absolutely image part of the human condition and so therefore it's just a reflection of the organizations institutions that we run whether they're not for profits for profits. So yes i mean i think this is part of the the human condition and and really i think the bigger question is how large of an impact do you wanna have. Do you want to have a comfortable life with a very small business. That teeters on the edge or do you want to run. The kind of enterprise that has global impact or create flourishing for hundreds of thousands of people. We're talking with patrick colletti. He's the author. A book called founder. I think it's difficult for a lot of founders. Patrick because there's so much ego tied up in their business that change is difficult. I'm running my next book. Is called change masters and how hard it is for people to actually change. Unless they're in incredible pain and they have no choice. I'd found that sometimes the best opportunities arise during a moment of crisis and it might be a giant burden on your heart broken relationship or just a corporate hot mess. But it's in those moments that i think you can trigger a great refounding

Patrick Colletti Michael Dell Emily Patrick Kenny Bill Gates John William Faulkner Davis Walton
"michael dell" Discussed on WJR 760

WJR 760

03:03 min | 1 year ago

"michael dell" Discussed on WJR 760

"Greater Lansing doing what's best? George Blaha with Jason Strayhorn broadcast host Steve Courtney. I really gave it its our spotter. Greg Schultz is our statistician. Kevin will. It is our engineer. Our producer director. Welcome back to Wendy Heart, and we are about to start the fourth quarter of a tight ballgame So far, the Spartans upsetting northwestern 17 to 13. 3rd and 12 for northwestern of the Spartan 25 to start the fourth. Bowser and MacGowan. On either side of Ramsey and the shotgun to snap back to Ramsey passes caught inside the 10 yard line, a leaping catch made at the five yard line. Hi, Riley Lees Man Does he make plays? Yes, he does. That was right in the middle of the field. The mill, the defense playing a soft zone. Keeping the Wildcats out of the end zone was the goal there, but nonetheless first and goal first and goal at the five. Now Ramsey on a quarterback draw gets to the three And has stopped their second down and goal for North Western. We've just begun the fourth. The Spartans still lead him. 17 13 Michael Dell made that tackle It's a good ball just inside the three second and goal. I don't think so. Wildcat snap directly to the ball carrier and straight ahead for a touchdown. For Northwestern. Yeah, This is direct snap. Cam Porter. Yeah, they had Camp Porter in the ballgame He's barely played. But the true freshman from Cincinnati scores the touchdown. Had a Spartans have not scored a point in the second half. Need to answer here. It's now 1917 point after is up and good. Three point game just underway in the 4, 13 and 54 to play Northwestern 20 the Spartans 17. This is the TCF bank Spartan Media Network at Farm Bureau Insurance. We cover Michigan from old Mission to new Hudson and Kitchen. A hippie to.

Spartans Ramsey Wildcats Camp Porter Greg Schultz George Blaha Northwestern Riley Lees Man Lansing Michael Dell Jason Strayhorn Wendy Heart Steve Courtney engineer Kevin Bowser TCF Spartan Media Network Michigan producer
"michael dell" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

05:15 min | 1 year ago

"michael dell" Discussed on Yahoo Finance Presents

"We're focused on the education system and helping schools adapt as they You know deal with this and and look forward to the new school year ahead and finally. Initiatives around stabilizing small businesses micro-entrepreneurs Gig. Workers whose livelihoods are are Imported to our communities in the overall economy and You know one of the things we did. here in in Texas. Is There's there's no longer a PP's shortage. and. In one of our DEL supply chain executives Took a leave of absence went to go work for the state of Texas the state. And he he, he immediately helped the state. A procure a bunch of P P, but he. He ran into a problem that was that. A lot of the suppliers. Wouldn't accept the states terms. Of! A business and so anyway our foundation search mechanism that you know, put the risk on the foundation and. Help the state at make sure it had access to the the the right you know. A quantity of P. And Avoided avoided problems there coronavirus virus could exacerbate the. Divide between the haves and have-nots in our society in terms of education, just in terms of Wi fi and virtual education right. Is that something that concerns you? It is I mean I think there is a kind of? Digital inequality that we have to all sink about in in the sense that you know. If there are populations don't have access to the the digital opportunities in the tools capabilities. At. You know it's IT'S GONNA BE? It's GonNa. Be a lot harder and s not just here in the United States, but obviously around the world. You know it's it's A. It's a big. Big Challenge. And last question Michael you and I have known each other for. Number decades now and so I'm wondering if you've considered much the narrative arc of your career Your, this vendor kin with this PC start up grew like crazy. Road slow the private. Period than coming back. You know had a renaissance, not unlike apple, maybe even, but because maybe it's more B. Two B.. It's a little bit less visible to the public. And you're would imagine you don't consider yourself done by any means. So so, what does this.

Texas P P Michael United States Wi apple
"michael dell" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

03:02 min | 1 year ago

"michael dell" Discussed on Yahoo Finance Presents

"Five years or so is that the domain of technology has? Really changed, it used to be that technology was in the IT department. Right but now if you go to. Almost any company, you say, what is the role technology? Well, it's really involved in the entire business and you know the business line executives chief executive are all thinking about technology and data and how they can use. Data to. Make their product and service better, and of course. They need infrastructure to be able to do that, so we're. We're number one in You know all the major categories of hardware software infrastructure. Cloud infrastructure to help organizations in as as they build out their digital future. So who are your biggest competitors in is at aws, Google out of Network You know the. Our industry is GONNA. Characterize as you know by a kind of co-op petition so. One of the things that organizations have have real. Is that? You know it's not really the public cloud private cloud it's is both right, and so you hear terms like private like like like hybrid and multi cloud and. What organizations have figured out is it's really dependent on the workload and certain workloads. You might use a software service provider. Some you might have on premise some you might have in a public cloud some you might have colo some. You might have on the edge. which is starting to grow quite fast and you? You WanNa, move them or rounded back and forth and depending on the type of workload. There's GonNa. Be a right place for it at and so we collaborate. And compete with you know lots of lots of companies in in in in the industry, but we're also fortunate to be serving You know. Essentially all fortune five hundred. What does the Bishop for the initiative about? So you know that is that is really about. How we can use our our Business to drive. Social impact and we. We've set some moonshot goals. For the next decade you can find them on our on our website, but there around diversity inclusion there in Vat..

IT department chief executive Google
"michael dell" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

03:07 min | 1 year ago

"michael dell" Discussed on Yahoo Finance Presents

"Com were up seventy seven percent and twenty eight percent. But. The the real epicenter of the company is in the data center and you know. With large companies building out there multi cloud platforms, and dealing with the enormous a increase in the amount of data I mean. Somebody went said you know data's the new oil. Well kind of, but not exactly in the sense that you know. As far as I know, there's A. A finite amount of oil on planet earth, but with data. It's not finite at all. In fact, you know it just it continues to increase and the real challenge of our time for companies to figure out. All organizations governments etc. How do we use all this data to improve whatever it is? We're trying to do right. and. With with more everything in the world, becoming intelligent and connected with the five G. coming around the corner, and then you have a and machine learning all these technologies come together to create an incredible opportunity for organizations, and that requires lots of new capabilities infrastructure, and that's really what dealt technologies provides. So you're telling me Michael, Hey Dell's cloud company, which is a pretty hot space to be in a place to be in. So. Can you explain a little bit more? Though exactly what you're selling and providing for companies? Then I mean what what is the actual business verb for in Layman's terms. So think about. You know some of our customers. It if you went down the list of the twenty five biggest banks in the world. Pretty much all our customers. And so, how is it in? You know what what is it? A Bank does well one of the things it does, is it? It has incredible amounts of data. It has to secure. It has to process that. And how does it do that? Well it requires applications requires infrastructure One of the big themes is how you automate all of that. You don't have lots of people running around and technologies like virtualization and Are, credibly reported there, so we we are really the essential infrastructure company with hardware and software. That enables companies to build that infrastructure that is the the platform for holly how they deliver their businesses and look I. Think you know the other interesting thing that's occurred in the last..

Dell Michael
"michael dell" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

03:21 min | 1 year ago

"michael dell" Discussed on Yahoo Finance Presents

"How do you see the economy opening up in our society opening up? How do you think that's going to play out into the summer into the fall and into twenty twenty one mike call. I think if you'd asked me a month or so go, I would have said It's going to be slow and gradual. I guess I'm feeling a little more optimistic. Now. Having seen some the reopenings and a seemed to be going reasonably well I think for many workers. If you're in a work environment where you don't have to go to the office, people aren't rushing back to the office. You know the interesting thing about this. This virus is is One can assume that at the end whatever that is you know the case cal is seven point four billion in other words, everyone will either get the virus, or they will get a vaccine. And We just don't know when that is but it's also becoming clear that. It has a disparate impact on certain populations, and so that has to be. Accounted words we think about restarting the economy but. I'm I'm pretty courage with what I'm seeing about about. The restart of. And and again how do we protect the vulnerable populations But you know he you know here in Texas for example. There there has not been a the the it has not been a horrible public health care outcome and I think they're they're they're still. Kind of cautious steps being taken in the reopening. Unfortunately, it's all become politicized degree, right and yet four. Unfortunately I think everything gets gets politicized so. That that that is that sad to see? It's hard to say you know I think. I guess you could argue that. President trump was was right in some instances, maybe wasn't right another instance in other words. I think the geographies are critically important. Denser places. You know probably required a different response from less dense places for instance right. Well we've certainly learned a lot. Now here June, versus what we knew in in March right in terms of. How the virus spreads who is most vulnerable to it? And a many a hell best treat it etc, so And of course you know the other exciting thing is. We have an enormous effort going on in healthcare..

President trump mike Texas
"michael dell" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

05:50 min | 1 year ago

"michael dell" Discussed on Yahoo Finance Presents

"A pioneer of personal computing Michael Dell launched Dell technologies when he was just nineteen years old with one thousand dollars in his pocket, since then he's revolutionized the tech industry, creating one of the most successful companies in the world while helping to put computers into millions of homes over the last thirty six years today, del remains an important leader in both business and philanthropy, speaking out on issues around diversity in the workplace and raising money for pandemic relief in this episode of influencers I speak with Michael Dell about the role of business in today's society, and how Dell Technologies can better serve its customers after covid nineteen. Hello everyone. I'm Andy Serwer and welcome to influencers, welcome to our guest Michael Dell, the chairman and CEO of Del Technologies Michael, so great to see you. Great to be with you any. So so much to talk about a lot going on let me start in. Ask You about George Floyd and del released a statement, condemning the killing of George Floyd and acknowledging that more work needed to be done in this country to address racial inequality. What steps is is the company taking Mike Lynn? What about you personally? Well First of all Let me just say you know it was. It was very sad thing to to watch you. As as A man was murdered as life was taken away, and and that's not something you'll. You'll ever forget. Look. I think I think. companies play a really big role here. You know when when people? Don't feel that they have opportunities. And they're they're left out. I think. That's obviously problematic. It's also an opportunity for for company. So you know we have for a long time? Embrace diversity. In inside our company. Not Saying. We're perfect at it, but I think we created the conditions for success and You know in in a in a a bit of a silver lining I think This has opened up the conversation in a new way. And you know a allowed us to have a a more in depth You know dialogue and understanding and hopefully more progress and.

Michael Dell Dell Technologies del chairman and CEO George Floyd Del Technologies Mike Lynn Andy Serwer
Do You Need A Degree To Be a Successful Entrepreneur?

The $100 MBA Show

06:10 min | 1 year ago

Do You Need A Degree To Be a Successful Entrepreneur?

"I could begin today's episode by naming all the famous entrepreneurs. We all know that don't have a college degree. Whether. It's Mark Zuckerberg or Walt Disney or Michael. Dell or Steve Jobs or Steve Wozniak or Bill Gates or Ray KROC or I can keep going right. But. That doesn't prove that have a college. Degree is a waste of money, or the conjugate doesn't help you become an entrepreneur. I let's recognize the fact that everybody on that list I just named and more ones I didn't list are exceptional entrepreneurs, exceptional people whether they're very bright and talented, whether they have a lot of tenacity like Ray Kroc, or just are willing to work harder than everybody else I'm not interested in edge, cases or extraordinary people that are extraordinarily things. I am interested in addressing this question with the fact that what about everybody else everybody who may not be a genius or The special gifts of some of the people we've talked about. Can they make it as an entrepreneur without a college degree? Well, let's talk about what caused. Agree gives you so that we can boil it down to. Do you need those things to be successful there more college degree? We'll give you an education. They will teach you somethings who go to class and you'll learn now whether that. is of date or not is a different matter, but you will learn. You will gain those skills number two. It's going to put you in an environment where you're going to meet. Other people go to college whether it's online or offline, you are going to be networking with other people other likeminded people other people. WanNa be successful just like you, and often you know in the same field whether it's computer, science, or business, or whatever it is so one you're gonNA give formation number two. You're going to get exposed to people, and you'll be able to build a network and the third thing that call will give you is a piece of paper. They'll give you a certificate. They'll give you a diploma. Something that tells other people employers particularly that hate. This person knows stuff or knows this area of expertise whatever your degrees in, so it's almost like a permission, slip or sort of like a coupon like hey, this paper proves of this person. Know something in this area with a stern on a different matter, but that's how society views a degree, so those are the three things college will give you now. Can you achieve these three things outside of college with Al GonNa College Information Skills. Skills Yup, you can learn the outside college whether that is indifferent programs online learning courses online books, universities will have a monopoly on the information, right? You can get this information elsewhere network while there's a little bit different because you know you're not in a space like an actual campus, but hey, you still can go to conferences. You still can meet people online. You could be a a person that really values relationships in kind of. Of Fall some advice. We talked about in this in this podcast. How To make sure you build your network constantly? So this is doable. Assad College, and the third thing is the piece of paper now a totally different think society has agreed that this piece of paper will allow you to get you know opportunities whether it's jobs or an interview or whatever it is. This is the difference the piece of paper. So do you need a? A piece of paper. That's the question here, so college is beneficial. If you do need a piece of paper that permission slip, but if you plan to be an entrepreneur, if your soul is GonNa, be a business bill I want to be an entrepreneur. All my life I don't want to really pursue a career that requires me to have a degree. If that's you tried and true, then really GonNa College may not make the most financial. Financial Sense not going to say it's going to hurt you, but it's a lot of time often in your prime years and a lot of money being spent on something, you may not really need because you can achieve the things you want to achieve as an entrepreneur without it now if you are not sure if you like fifty fifty. Hey, I think I to be an entrepreneur, but maybe I want to work for a little while. While maybe I want to start a business and then after that I wanna go ahead and you know work somewhere at a corporation, a degree will help you get that job. This justice, the reality of the situation there are exceptions to the rules of course in different careers one of them is programming development engineering technology. Many engineers don't have college degrees, but they're so highly skilled, and so saw after that they can get a job. Job Easily and our certification programs outside of the university structure that you can take in that field that can qualify you to get jobs. A lot of people say hey, getting your degree is sort of like a backup plan. You can always get a job if things don't work out, but that really doesn't help you answer that question of. Do you need a college degree to Be Successful Entrepreneur? I don't think you need it I. I do believe you'll. The half caused. Degrees can be successful I. do believe that people that don't can be successful as well as a matter of how you WanNa spend your resources. Your time and your money I can't tell you for certain that thing that I learned in university. I don't use at all in my day to day life as an entrepreneur. I'm sure there are some things that I've picked up that I've used. But if I'm going to be completely honest. I don't think there's enough of that. I would say would require me to have gone to college to be. Successful, so you also have to define what success means. What does success mean to you as an entrepreneur? Is Success being able to pursue a hobby that you love and make a profit is success being able to replace current income in your current job with your business success, a a million dollar business is that a ten million dollar business? Is it a billion dollar business which a lot of? Of People think that's the only meaning of success. No, you need to define what success is for you as an entrepreneur and for most people I think it should be able to make a healthy living that allows you to be financially free doing something that you really feel passionate about that. You

Ray Kroc Assad College Steve Jobs Mark Zuckerberg Dell Bill Gates Steve Wozniak Walt Disney AL Michael
Becoming a Small Business Owner by Accident

The Small Business Radio Show

09:26 min | 1 year ago

Becoming a Small Business Owner by Accident

"You know I never wanted to be a small business owner when I first started out in the early early eighties. I want to be President of IBM but for me. I then got tired of my boss. There who promoted incompetent people over myself so I struck on my own. My next guest is also an accent. Entrepreneur Markets Babcock. Start out as a personal trainer at a big box gym when he was twenty which eventually led to strike on his own. Her Name Mobile Mobile Studio and eventually formed a partnership with fellow personal trainer but at time he was twenty four. Marcus welcome to the show. Great to be here today. It's good I fine for most small business owners. If we knew actually what we're in for we probably never would have struck out on our own because it's just way too crazy absolutely it's kind of the debris mindset in the beginning like. I could be my own boss and comes second. So so why is that? Isn't that because we read all the things about these great incredible success stories? And we think we'RE GOING TO BE THE NEXT. Michael Dell Bill Gates. Yeah exactly I think in some peoples cases like myself. It's it's forced onto them so I actually ended up getting laid off at the big box gym and Had become a small business owner but then just the dream of. Hey now my future is really in my control. And I'm very confident myself and I'm GonNa make the same big of course that's the dream like. Okay now I work for myself. I can work anytime I want to with anybody that I want to. It's going to be fantastic. I control over my own life but it doesn't quite turn out that way does it. Yeah no not not quite You find yourself working more hours Less less pay more expenses. And you're not like really doing the fun stuff anymore. You're not doing the stuff that you were doing beforehand. Which my case was actually doing the training with with the people who is more about the marketing bringing New People on organizing all of that. And I think that's the most difficult part of having your own business because most of us get started to solve a problem. Help a customer but we don't realize there's all this other stuff right around running a business as you said marketing keeping track of. Who's paid who hasn't paid setting appointments all the things that kind of get in the way of actually doing the work yeah. It was very humbling. I was like Oh yeah I can. I can definitely track money on my own I can. I can organize my calendar on my own. I can keep track of all my clients Piece of paper or my head and then it actually start scaling and I'm going. Whoa spending twelve hours a day trying to manage the business. And then you know it felt like another twelve hours doing the actual training and that's a that's a real big issue. You said when you scale tell us about your journey and how it all worked out so when I was in the big box gym I had like a or nine clients which was a good load for me I was also doing a full time college at the time too and then a little thing called college right. Exactly just mixed in there Anyone I struck out on my own I actually took a year off college and decided to Kinda grow. That business I I was like I'M GONNA go out mobile. I'm going to eventually grow to the point where I'm going to hire on people that was my idea scaling and what I never realized is hiring. Somebody on is pretty expensive and be. It's not as clean of a scale as some people may think it's not like you just grow until you hire somebody. Then they grow and they and you hire somebody else it's It's more about juggling everything. And so won't how'd you try to start to juggle things? What was your first attempt at doing that? Yeah so the Good Ole Excel spreadsheet I started getting people's names in all of a sudden. I'm like hey I can't remember who this person is or win this Appointment was And I should remind them so. I opened up Microsoft and started making an excel spreadsheet of. Everybody's names. How much they paid me Win Their next appointments were do. How many Sessions they had left and when I should remind them. This is interesting Marcus because that is really where everyone starch. Obviously people you start on paper right but now more of the same modern or computer savvy. People they opened up next cell spreadsheet and excels good for a lot of things but fairly soon it does have its limitations. Doesn't it yeah? I mean I got really good at excel macro 's and conditioning conditional formatting and stuff but it it has limitations. It can't be organized as effectively. There's not really a whole lot of automation unless you really start getting in there and start coding off visual basic Visual basic my my. There's another thing I want to do. I run my business. Let's learn visual basic. Yeah Yeah just add on another thing while I'm going to college and learning and actually running a business Yeah and then you spend time developing some sort of high like hybrid app out of an Excel spreadsheet. Yeah it's interesting. You say. The HYBRID APP. I find out that people. Then go from the Excel spreadsheet. They go towards an APP for this APP for that right. So the gopher an act for collecting their money then they'll go for an APP for Scheduling. And they'll go for an APP for something else and that's okay for a while but pretty soon you have all these different APPS and none of them talk to each other and it becomes. Its own kind of mass. Doesn't it yeah exactly? It's almost hoarding or collecting the best of the best. I'm an APP quarter. Yeah exactly you go hey this scheduling tools awesome when you get this and then go. This payment tool is going to do everything for me. I'm going to get this and that. Oh my gosh. That's marketing tools. Amazing I'm going to get this and then pretty soon you're spending more time. It's not as much time moving information from your scheduling tools to manually put it into a crm system or your payment tool or a marketing tool. And you're kind of back to square one but you're paying more money because think about what you really want to do. I mean your case when you're providing a service to various people is you want to see a customer holistically right. You want to know how often they come see you. How how much they paid you. Next time they're coming. You WANNA be able to market to them based on all that information and you can't keep porting information from one thing the other in fact sometimes it's hard to get data in and out. Yeah exactly sometimes. It doesn't think over right away. I mean in my case with the personal training. I wanted to have basically the folder that I would keep on paper of virtual right so I could open up. Somebody's cards see. What my notes. Where last time. I talked to them what they paid if they actually. Oh Me 'cause I don't WANNA give them free sections on accident and then I want a very personalized email. I can send out to them without spending the time to actually write one out for every single person. So what all in one solution mark did you turn to to actually solve this problem? That is so common for small business owners. I mean back in the day because this was quite a few years ago now I turn to mind body and that was heavy. I think I was looking for something. A little bit is used by a lot of like Yoga. Gyms and I know that our karate school but it's it's really a big application it is. Yeah very big application and. I think it's great for bigger. Gyms wasn't for me so I try that out moved onto something else And then eventually ended up partnering with a bunch of trainers and Yeah started just kind of using best of breed apps like we said collecting a minority in them and kind of going back. If I can tell myself advice now it'd be looking more something like the APP so we have now like defeat us so tell us about Vida and what it does for for small businesses. So that's going to be really that into and business management part where a lead can comment through the funnel and scheduling or the contacts tool. That's on like website on your social media on landing page and they're gonNA fill out information that you're going to capture and so the crm automatically so the system automatically tell you have a new appointment remind you and the client and then their information gets put into that CRM system that contact management tool. There you keep any sort of private notes on You can share and receive documents through there. You can charge. You can take payments and manages the whole life cycle of the Klein on that end and then it kicks their information out to the marketing tool. Well so you can trigger out automated messages out to these people and The manual announcements. And it's pretty personalized without really doing much work. It's interesting because I think a lot of people. A lot of small business owners see finding the customer right providing the service of the customer and then trying to stay in touch with that customer service again they see as really separate functions in their organization but the successful small business owners they will attract it as you said always from identification that prospect through customer to repeat customer that's so critical because we all know markets. It's so much easier to get another sale from a current customer and then find a new one. Yeah and it's a lot less expensive to market towards an existing customer than a new one right if you're leading. All of those current clients fall through the cracks. You're literally throwing away money

Business Owner Marcus Entrepreneur Markets Babcock IBM President Trump Michael Dell Microsoft Vida Bill Gates Klein
Doctor in Garden Grove, CA provides a 10-minute coronavirus test

Tim Conway Jr.

00:37 sec | 1 year ago

Doctor in Garden Grove, CA provides a 10-minute coronavirus test

"A doctor in garden Grove has been offering a ten minute rapid tests to detect the virus the test popular in South Korea looks for anybody's built up in the body to fight off the virus make a little **** on the finger at the tip of anything and we put a drop of blood in the cartridge Dr Michael dell says he's offered the results free for people who still have to work police officer holster worker Amazon delivery gas stations or supermarkets now says he's already out of task but thousands more expected any day the FDA says it's allowing the test provided patients are told it's not FDA approved and that a negative result does not necessarily mean a person is covert

South Korea Dr Michael Dell FDA Garden Grove Officer Amazon
"michael dell" Discussed on WZFG The Flag 1100AM

WZFG The Flag 1100AM

02:27 min | 2 years ago

"michael dell" Discussed on WZFG The Flag 1100AM

"Michael dell is with us this car I can't get over the cover of his new book all the money is going to be used to help addicts will losing three hundred people a week in this country because of addiction opioids and him when he was at the height of his addiction and worry is today sixteen hundred employees my pillow dot com the Sean Hannity square but this book is phenomenal every penny is going to go to help about those that are ejected from crack addict to CEO I'm where are you with your family now your ex wife your kids you know there they are we work for my ex wife very amicable and my grand kids now and yeah you got you got along with your kids yeah you know yeah yeah they all they're all work and they all work for my pillow at one point or another and it took a long it only took a lot of healing it took a lot of time and I think in the attic once you're set free and get your heart restored I think if you don't get that foundation of getting five foundation a foundation of having gone your life again yeah I think a lot else will get out of the sector treatment centers and they expect the world they expect to like a country song what my dog a like me again my kids like me I truck will start you know this isn't a country song gone backwards this is this is a real world and you're not gonna get trust right away you know who trusted me right away my drug dealers and my friends I did drugs because they knew I was done and they knew I was good are they out of that business their tool will work for me they're born again Christians other three that did that intervention all my friends everyone of them is off crack that I had back that back in the day and they see my hope that a lot of just see that I could do it a couple of the see me when I was in the White House with the president and made America summit they're looking on TBS I'm sit next to on the go Jesus is real there's no way this crap Celtic is on TV in the White House that is that is why we got to take a break we're gonna come back what are the odds from crack addicts C. E. O. R. buddy Mike Lindell is here all the money's going to this new foundation of is to help people get off and off whatever drugs they happen to be on it is an insidious evil it's killing three hundred Americans are weak we've got to end it it's that serious and the devastation and destruction to families all across this country is unbelievable quick break we'll come back Mike as you know is running out of things to say so I guess it'll be very short segment when we get back you don't ever stop talking about the war could talk for a lot of years knowing a quick break right back.

Michael dell
"michael dell" Discussed on KNST AM 790

KNST AM 790

02:50 min | 2 years ago

"michael dell" Discussed on KNST AM 790

"Michael dell is with us this car I can't get over the cover of his new book all the money is going to be used to help addicts will losing three hundred people a week in this country because of addiction opioids and him when he was at the height of his addiction and worry is today sixteen hundred employees my pillow dot com at the Sean Hannity square but this book is phenomenal everybody's going to go to help about those that are ejected from crack addict to CEO I'm where are you with your family now your ex wife your kids you know they are they are they work for my ex wife very amicable and my grand kids now and in addition you got you got along with your kids yeah yeah yeah they all they're all working they all work for my pillow at one point or another and it took a long you know it took a lot of healing it took a lot of time and I think in the attic once you're set free and get your heart restored I think if you don't get that foundation of getting five foundation that foundation of having gone your life again yeah I think a lot of X. will get out of the sector treatment centers and they expect the world they expect to like a country song but my dog to like me to get my kids like me I truck will start you know this isn't a country song gone backwards this is this is the real world and you're not gonna get trust right away you know who trusted me right away my drug dealers and my friends I did drugs because they knew I was done and they knew I was good and are they out of that business their tool will work for me they're born again Christians other three that did that intervention all my friends everyone of them is off crack that I had back that back in the day and they see my hope that a lot of just see that I could do it a couple see me when I was in the White House with the president and I made America summit they're looking on TBS I'm sit next to on the go Jesus is real there's no way this crack at it because on TV in the White House available that is that is all there is we got to take a break we're gonna come back what are the odds from crack addicts C. E. O. R. buddy Mike Lindell is here all the money's going to this new foundation of is to help people get off and all whatever drugs they happen to be on it is an insidious evil it's killing three hundred Americans a week up we've got it ended it's that serious and the devastation and destruction to families all across this country is unbelievable quick break we'll come back Mike as you know is running out of things to say so I guess it'll be very short segment when we get back you don't ever stop talking about the work could talk for a lot of years knowing a quick break right back we'll continue I'm people survive living in the desert what's the real story behind the Panama Canal how does dyslexia actually work since two thousand eight me check bright and you Josh Clark then explored the answers.

Michael dell
"michael dell" Discussed on AM 970 The Answer

AM 970 The Answer

05:26 min | 2 years ago

"michael dell" Discussed on AM 970 The Answer

"To buy dot com studios now yeah Mr Seger Michael dell got me to see Mr see your live still great top of his game but the choice baby this you know out to I always talk about how I do dumb things and I was not what are they thinking or they get so Mike said Mike knows the cedar band he knows alto read this incredible sax player that that that is in the sea you're back I told and then and we went backstage we went backstage and that Michael was about my going but you know you bust my chops you which I've never got backstage with the cigarette we got backstage at the Madison Square Garden yeah a couple years ago so is David I make a mistake too long well I know he's just a good my dog just did this great show great show you know all sold out this great guy and I could see I and I know as a performer on a much much smaller scale but yeah yeah yeah okay can we leave after this one with that it was the mobile I mean like was he like you know you know within you know talking he was he that he was he was he was putting his socks and any and I and I said you shouldn't be there was almost put this access I'm telling you right out of my right along with his bare foot yeah either changing and putting the socks on and I'm I side for about but we we were with people is going so what was it like a nineteen eighty two Weber when you plan that you have with you guys I think we better really you know why a lot of big data yeah you don't need green is that you do in fact okay thank you for a walk but when I put that on see so hot wow this is really good news of the borders with his of those well the more through what are the the compression socks demo of the song I love what about you when your concert I really like your you're probably what is requested I don't even the thank you this is what we're I always figure when I hear Seger song via a Sox managed to the left there early as we said we got there the poor guy you know you could not have been more gracious the last report on on the on CBS two news it's a study losing fat in town could improve sleep apnea no I have sleep apnea is not gonna lose fat my tongue how does that work when you go to the doctor you put a card on a scale what is that what you are held by the machine right yeah but if I lose the fat in my tongue I won't have to use the machine anymore what is that how how do they tell their fat on there that you don't have any at all right but it was to get out of it thank you already I think you're fat yeah yeah about what you've been told the soapbox you that you're always worried about being about fact have a fat guy here now they tell you your dog is fat yeah in a way that no I get it but my mother last night when I called us when she's got she's going to an acupuncturist might help you know for for her walking in you know whatever and she's you know should very good experiences that you're gonna go three days a week whatever that says so has the Jimmy losing weight yet yeah I'm I'm a little bit of work in a good because you know you're fat thanks thanks mom well tell me tell me how they can decide if your time is just lose fat your time how do you do that show me some of the stories just they were reading the stories if you got your retro fitness you could do some tongue exercise I will work out okay there was a lot of traffic I will give you lose weight overall you decrease your body fat your tongue fat goes with this is that it should be in your neck because you're reading my neck is fact that's why I have sleep apnea because I'm not according to match your years at the university of Pennsylvania always that says that you got the story yeah this is hot it's on the tongue causes sleep bad news that well yeah but I just I I I'm I'm guessing because you're laying on your side or on your back with the online that when sleep apnea patients lost weight it was the reduction in tongue fat that let lay behind the resulting in this this is that this is really the the strangest leading the way some phone for like a year and a half well it's not really clear but I've searched all their lives so that maybe that's the man turned like that yeah that will be played at ten minutes before seven o'clock six fifty with the Joad Frank it out with Debbie on a Friday the weekend look it is already January tenth twenty twenty the flat tone Debbie really I mean well it does say one seventy one of these Harvard website that if you lose weight over all of the sleep apnea should go away really by the way so I don't know and a good deal if you buy something you have to go to if you don't like about it too but you have to go to the big in large store a jumbo right back where the exit.

Mr Seger Michael dell
Dell Computers: Michael Dell

How I Built This

09:28 min | 2 years ago

Dell Computers: Michael Dell

"Long before for anyone heard of the tech underpins like Mark Zuckerberg. Evan Spiegel ORC. Trina Lake back before it was fashionable to drop out of college to pursue your startup even before people used the term startup back in the ancient days of the one thousand nine hundred eighty s the dorm room miracle story. You've heard of was Michael Dell's now today. The company is enormous beyond enormous worth billions of dollars Dell has sold more than six hundred fifty million computers since Michael founded in one thousand nine hundred eighty four. And what's amazing about. This isn't the money it's not even the idea. What's amazing easing about all this? Well Michael Dell. Because he's not a backslapping sales guy. He doesn't come across as particularly charismatic. He's actually on the quiet side. Maybe even a little shy Michael grew up in Houston in the nineteen seventies was just as digital technology was taking off in that city with companies like Texas instruments and then later Compaq. His Dad was a doctor. His mom was financial consultant and the expectation was that Michael. Michael would become a doctor like his dad. But even from a young age Michael Dell felt pulled in a different direction he was into numbers. I mean I remember when I was small child. My Dad had this adding machine victor adding machines before the electronic calculator and I was was just fascinated that you could add up numbers with this machine and really big numbers and and it would make this like mesmerizing sound every time it did it and I just kind of love that and then I remember when I was about Seven or eight years old. I bought a calculator. I it was the first semiconductor based calculators and I was fascinated that this small machine could do complicated math problems so yeah I got I got very interested in this stuff it also turned out that about equidistant between my junior high school and our and our house there was a radio shack store and so when I was riding my bike home I could stop by the radio shack next door and see the you know early forms of the of the personal computer and hang out there until the kick me out of the store and were you you know like kind of entrepreneurial as a kid yeah I kind of liked business And I had all kinds of businesses is selling baseball cards Had A stamp auction. I got a job at a gold coin and jewelry store and I was to negotiate with people that were selling things and by those things the lowest possible price because the owner gave me Nia percentage of the cut and whether you also worked for the local paper for for some time. Yeah so I got this job. Working for the Houston is in Post newspaper. It doesn't exist anymore now. They think they combined with the Houston Chronicle. And my job along with hundreds of other mostly mostly you know. Teenagers was to call random people on the phone and try to sell them a subscription to the Houston Post newspaper and I observed three things the first thing I observed. Is that if you sounded like the people you were talking to. They were much more more likely to buy the newspaper from you like you. You put on a text like a heavy Texas accent. Yeah I'm not GonNa do it for you here but I think you can. You can use your imagination nation. Okay so second thing I heard was that people that were getting married. Were much more likely to buy the newspaper and then the third thing I observed is that people that were moving into a new house or residents were also far more likely to buy the newspaper. Well how did you Who was getting married and was moving in? Well you talk to them. You strike up a conversation you just call people and say and ask them about themselves. I guess this is like at that a time or perfectly happy to tell strangers personal details right. Yeah so I. I observed this and what I figured out is that in Texas. This is when you as many states when you want to get a marriage license you have to go to the county courthouse. It turns out this public information right and among the information that you give to the county court is the address you want the licensed sent to so so with this information. I devised a direct mail program where I sent letters to all of the people that had applied for marriage licenses in Sixteen County area surrounding Harris County. Which is where Houston Texas is is and I hired a bunch of my high school pals to go out to all these county courthouses and type the names in two small apple two computers and I sent a massive direct mail campaign to all those people that were applying to get marriage licenses and there were also at that time in Houston? There was a building boom. There were these very large apartment and condominium complexes that were going up and so I would go to these buildings under construction and sort of figure out who was in charge and say A. Hey I'm from the Houston Post newspaper and you know we've got this great offer where your new residence get the paper free for two weeks and all of these do is fill out the form. You're a high school student when you're doing this. Yes how much money did you walk away with. But I think it was about seventeen years old. I made a little over eighteen thousand dollars that year. This is like freakishly precocious of a of a high school senior. Like that's it's just weird that you would even no to think of doing those things I mean. Don't don't you think I didn't really think about it like that. I just it just seemed like a good idea so I was pursuing. You was working. I pull you things that didn't work but but that worked so I I kept doing eighteen thousand dollars. What did you do with that money? I mean that that must have been more money than you've ever seen in your life. I bought a BMW. So I wanted I wanted to. BMW Am. W what did the other students think of you. What did you have this reputation as like a business whiz kid in high school or or like? What did they anything about you? You know. I don't really know and I and I didn't really care So I I was sort of keeping myself and I had a few friends is but I I wasn't the most social of kids but you must have been somewhat social because you were going out and selling stuff to strangers rangers. Sure social enough to make the sale. Yeah so you are on the one hand doing this entrepreneurial stuff and then I guess you were also just really into computers. Yeah the original computer that I you know got my hands on at home was the same one everybody else had. which was the apple to apple to? Yeah Yeah and one of the beautiful things about the apple two was that all of the circuits were discrete circuits that you could understand so you could go in and start to play with those and modify them and reprogram the BIOS and upgrade the system and take it apart put it back together so something happened here around Nineteen Eighty one IBM introduced the IBM PC. And that was sort of a very important moment. Because if you dial back the clock to the late seventies early eighties in this company. IBM had a leadership of the part of the economy referred for to US Information Technology. Unlike any other company at any other time in history they were by far the dominant company so in Ibm mm-hmm introduced the IBM PC. This to me seemed to be a very important moment so I try to understand everything was going on about that and so when you took apart this. IBM PC that was selling for about three thousand dollars. As far as I could tell it was about six hundred dollars. It's worth parts. Wait you bought one and you took it apart just to check the insides out sure. Yeah Yeah what else would you do. So you gotta you gotTa take it apart. How how can you understand it if you don't take it apart philly? Most people buy computers to like you know at that time. He has to do basic you know accounting owning and word processing. You bought it to take part. Well I wanted to understand did and you know to understand it. You have to take it

Michael Dell Houston Texas Houston Post IBM Dell Mark Zuckerberg Houston Chronicle Trina Lake Evan Spiegel BMW Apple Financial Consultant Baseball Compaq Philly Sixteen County
NCAA's agent certification process draws concern, criticism

Golic & Wingo

02:58 min | 2 years ago

NCAA's agent certification process draws concern, criticism

"The NC double a trying to clarify something my about what went on with their new rule where you have to have bachelor's degree to become an NBA yeah and the NCAA released a statement after drawing criticism and they'll continue to draw they said although some can and have been successful without a college degree as a higher education organization the NCAA values a college education and continues to emphasize the importance of earning a degree we are guided by recommendations from the commission on basketball which spoke with the agent and advisor community that the NCAA certification process should be more stringent than the current process cool story bro agent an adviser committee that sounds like a bunch of haters that sounds like Hey listen let's make it harder for rich Paul because that appears to be the only correct and the thing I don't understand is them saying in this one that you're going to let's get to that line and this doesn't make sense which benchmarks are new rules against the requirements for other organizations that certify agents like the NBA which also requires agents to have a bachelor's degree rich Paul is an MBA agent we're talking about this rule so much because it clearly is trying to exclude one ridge Paul and so I don't understand I'm on the N. B. A. P. A.'s website right now and it's kind of inconsistent to be honest new NBA NBPA agent application check was sent a copy of the highest diploma received or transcripts in PDF format and then in the frequently asked questions section hints more at the idea that if you don't have your diploma yet you need to provide the dates by which you might have been so that part is right click but might is the key word there my in my eye and I would like some answers from somebody who would know or maybe we can reach out Dominic fox four through how this was the CEO of the N. B. PA right for a for a little while there somebody who might know this because again all of it even if the rule is written in clearly fires in the place of what is in practice because rich Paul is an agent yeah he represents the vast majority of players in the NBA and solve all the sudden you're trying to tell me that he's not not and be be a certified I would ask what is that certification really mean read that line again about the highest yeah just as the lights were just as high as degrees haulage no it it does but I'm telling you there's something in the frequently asked questions on this website that hints at the idea of a bachelor's degree okay yeah so I'm saying I don't know when I can't say for sure yet so I'm not going to and I like that clearly but regardless like we see it in practice presents half the major power players in the league yeah and and here's here's more justifica are but just rational for why a bachelor's degrees not a benchmark for any level of success we just brought a few billionaires who dropped out of college for you Bill Gates Larry Ellison mark Zuckerberg Ralph Lauren Steve Jobs Michael dell dell computers so somehow despite that vaunted bachelor degree they manage to ridiculous rule it every capsule loosely in saying and we'll try and get a clarification on what that actually isn't isn't according to the website that junior

NC NBA
"michael dell" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:07 min | 3 years ago

"michael dell" Discussed on MAD MONEY W/ JIM CRAMER

"Means firmly under the control Michael Dell the founder, chairman CEO and his private equity backers Silverlake Michael Dell owns fifty five percent of the oh by himself all the common stock shareholders combined. Only twenty two percent they can appoint just one board member yet Delile Michael Dell to care about a bell. Well, he's got his liberal good numbers for himself. I like his style strategy on not thrilled that he is basically younger state going on there when it comes to share on voting all that said, I think the posits your to outweigh the negatives for one versus reason dealt technology stock is third cheap at these levels. Cubbies there six thousand fifty one cents per share this year, maybe another similar number next year and seven dollars sixty three cents twenty twenty one. That means Dell's trading at less his six times twenty twenty one fiscal year earnings estimates, which is insane. Given that historically Michael Dell spin pretty good steward of his investments by comparison. You'll Packard sales at ten times says at these levels, I think they are mostly baked in your and the positives. They're not something that's even more obvious. When you consider the Dell stock actually managed to rally today, even as the rest of the market, crumbled and believe it or not I think they'll be people think about this like they do IBM and take it up again, the moral now Michael Dell will build squawk box. He's in Davos tomorrow morning. I think. Thirty exciting bottom line. Now, the Deltec publicly traded again, I recognize the company is far from perfect. But that darn stock is to keep to or you know, what it is. It's. Stick with Craig. Important this morning eight the big position EBay and talked about the idea that should be split up. Bring up to if you only please do not sell it. If you do not want to consider I think the unlocking that you made me worth as much as fifty dollars for this thirty three dollar stock. And I want you in there. I'm doing more work. So for my work Burr, FIS what Elliott is saying about so many divisions that I think it looks like a very attractive limited downside situation. Ebay, which I have not liked for very long time. I like say this. We'll market summer at finding just for you right here money. I'm Jim Cramer. I'll see you too.

Michael Dell Dell Cubbies EBay Jim Cramer Davos Packard founder CEO IBM Craig chairman Burr Elliott thirty three dollar fifty five percent twenty two percent fifty dollars
Injuries reported after jetway collapses at Baltimore airport

Coast to Coast AM

00:23 sec | 3 years ago

Injuries reported after jetway collapses at Baltimore airport

"Government a jetway collapse Saturday evening at Baltimore Washington. International airport. Details from correspondent Bill Michaels. Dell's BWI airport officials say at least six people were injured and have been transported to the hospital with non-life threatening injuries. The calls of the jetway failure remains under investigation. The jetway is an enclosed walkway that connects the

Bill Michaels Baltimore Washington Dell
Dell shareholders back return to the public market

FT News

06:31 min | 3 years ago

Dell shareholders back return to the public market

"We're taking a look at sales returned to the public markets in two thousand thirteen the computer company quit the NASDAQ in a controversial twenty four billion dollar buyout. But now five years later and after a fierce fight among some key shareholders. Michael Dell's technology company is set to listen to the new York Stock Exchange are US editor of the lex column. Sajida in that talks to Amy keen about what's bringing the company back to the public market. And why some shareholders resisted the deal? So G starts with what prompted Michael Dell to take his company private just a few years ago. So dull, obviously, it was the famous stop. He c- maker Michael Dell started the company in the eighties. When he was a college student and his dorm room at Texas. It was hot company for a really long time. But say ten years ago, you know, the PC became much less important smartphones were here, the the iphone and the like, and so he ended up spending like fifteen billion dollars between twenty ten and twenty twelve trying to turn delicacy off company, a much broader tech company, the market hated that. It's down shares like twenty five percent between twenty ten and twenty twelve and around the same time he had met this guy. Egon Durban who was a private equity investor to firm called Silverlake, which is a Silicon Valley based buy out firm, which is quite prominent both in Silicon Valley and in Wall Street and doing these buyouts, and they happen to be neighbors in a Wii. And so they had the idea that they could take Dell private buy out the public shareholders, and then reinvent this company and private so through the course of twenty thirteen the announced the deal and. By the end twenty thirteen they were able to tail private at a twenty four billion dollar valuation is very controversial a bunch of shareholders protested because they thought Michael Dell was a CEO, and he knew things that no one else did. And if he's buying why should we selling? But ultimately, they're all able to push the deal through and Dell became a private company in late. Twentieth. Thirteen and so if you fast forward five years Dell is going to be coming back to the public markets. What's changed? What happened over this period? Yeah. So the whole plan was to turn around and reinvent the company, which they did very dramatically Silverlake is a private equity firm. And so they have investors who are pension funds, and sovereign wealth funds and endowments who after five seven ten years want their money back. So it's natural for companies that go private like delta to relist again. And so what they've done in the last five years is that they really did till it turn del into this like one stop shop for corporate IT department. So they bought most prominently EMC, which is a tech data vendor for sixty seven billion dollars. They offload. A divisions that didn't fit anymore, and they've turned into this company that really can go up against Cisco HP and IBM and companies like that Sajid in order for Dow to have the backing to list again this time in the new York Stock Exchange, they company needed shareholder support. Can you walk us through what led to the vote that took place on Tuesday places start with that as we have to go back to the EMC deal, which happened 2016 EMC was a sixty seven billion dollar company. Dell was big it was perhaps thirty forty billion. Maybe at the time twenty five something like that. So it was private. So we don't actually know what the valuation was. But the point is he was much bigger. And so two by all of EMC offered their shareholders to things that gave them twenty three dollars per share in cash and the gave them a piece of paper called tracking stock to track. Another company called VM ware VM where was majority owned by EMC was also listed. So eighty percent of this company that was listed was owned by EMC Dell couldn't afford to buy all that for cash. And so they said, you know, what will give you this piece? The paper called tracking stock in VM ware, and it will reflect our interest in this company VM ware, and it should trade roughly in line with with VM ware. And so this piece of tracking stock which was publicly listed or traded called deviant t was created UNC shareholders got it. And for the last two years. It has traded has gone up quite a bit. The problem is it's always triggered a sharp discount to the pure VM ware stock big del wanted to go public again. And so the way to do that was not a traditional IPO where they just go out and sell shares of Delon people by that in like an under written offering what they wanted to do was take Dell shares a private and then swap it with Devi shareholders who would get the new Dell paper and through that transaction. Dell would again be public company. The problem was how do you actually value DVD, and that has been the fight for the last six months, let's say it's been particularly contentious who are some of the key sort of people fighting. It's interesting TV. Mt. Is like this weird security. VM ware is hard to understand. So not survey. Rising Lee its biggest investors have been hedge fund. So most prominently call icon had a big stake Elliott, the very high profile hedge fund that gets in these kind of fights. Was there a bunch of other kind of brand name twins were involved in the Soza a fight really between for the last six months to throughout the terms of this reverse merger IPO between these big hedge funds, and then Silverlake sedans had the benefit over these last few years of not having to answer to the public markets not having to release quarterly earnings. How's it looking like, it's gonna trait? That's a great question. So part of the fight that's gone on with this VM ware. Tracking stock called Devi MTA has been there's really two issues around it one VM ware. Let's say one hundred and fifty dollars per share company. The tracking stock has traded say around one hundred or one hundred and five so thirty forty percent discount. So the whole of that tracking stock one want to be made whole sort of get a value that approaches at one fifty the other half of the fight in the more complicated. Fight is a big portion of this. Deal is in this del stock which is suddenly going to be public. How much is that worth since it's private there's a big disagreement on how much that is worth. The delta worth quite a bit. The hedge funds have been skeptical. And so that was really the core kind of fight that just got resolved a came up with a clever mechanism to sort that out. But if you look at the actual numbers, and where Dell's going to trade at least initially the Cordell business businesses, not going to trade at a very high multiple. And so Michael Dell who was frustrated five years ago about his valuation is probably going to be frustrated now again, and so the question is do shareholders publisher holders now mutual funds, and the like do they kind of Dopp his vision on how Dell is going to really compete in this new IT market that they've been remade. And they're right up there with Cisco, and Microsoft, and the others or is this going to be thought of as a slow growth business that has this corporate governance problem with private equity firm who still there and Michael Dell who have super voting shares? We're going to take advantage of us. So the real question is now. Hey, the public. They got this deal done our daily at the benefit of the doubt or not. All All right. right. Thank Thank you. you.

Dell Michael Dell EMC Vm Ware Silverlake Cisco Lex Column AMY Silicon Valley York York Stock Exchange Texas
Tesla, Alon Musk and Samsung Group discussed on Daily Tech News Show

Daily Tech News Show

00:17 sec | 3 years ago

Tesla, Alon Musk and Samsung Group discussed on Daily Tech News Show

"That can be played with up to six friends. Don't smile is what it says. A challenge, not to smile and asteroid attack. Well, as asteroids that attack. Tuesday, Alon musk, tweeted, and considering taking tesla private at four hundred twenty dollars. He followed up with a letter

Tesla Alon Musk Samsung Group Michael Dell Facebook Dell South Korea Bribery Kurt Director LEE Four Hundred Twenty Dollars Nine Billion Dollars Three Year Five G
Amazon launches curbside pickup at Whole Foods stores

Todd and Don

03:45 min | 3 years ago

Amazon launches curbside pickup at Whole Foods stores

"Simple tweet can affect the stock of a company Tesla's CEO Elon Musk he surprised everybody yesterday when he tweeted that he's considering taking the electric car company privates that he has funding for his plan already secured the stock climbed more than three hundred eighty one dollars per share during the trading day still below the four twenty. Level must cities considering in an. Email employees must send taking. The company private is a much better. Path it's the best path forward now shareholder vote must be held before a. Final decision is made in it must moves ahead with this plan it it would be one of the largest go private deals on. Record seventy two billion. Based on four. Hundred and twenty dollars per share so there you go no. Real indication he's gonna, do this maybe and, just kinda just monkeying around, but, he, basically says when you have shareholders. You gotta answer to share Holders and sometimes that. Slows us down yeah yeah yeah but thanks definitely popped, up there. Significantly yesterday nothing new with this that's what Michael Dell did took his company back yeah you did. And and it's now turned things around big time there for a while Michael Dell probably was probably had the most amount of debt than any human being on recorded history there for a while I think he's I think everything's good now but so there you go also went tech news Amazon in its latest tactic to win. Over US grocery shoppers Amazon is. Announced today that it's launching. Curbside pickup at whole foods stores I'm. Surprised they weren't already doing it you can place orders via Amazon prime now. App and ask have your groceries loaded into your car upon arrival at the store the service is now available in Sacramento in Virginia. Beach with plans to. Launch it and. All the other cities later this year so often will be. Coming very soon well, that's a game changer, for them for sure that's Gonna be a big boost to their business I would think a lot of kind of behind the times HP HEB HEB targeting others have already been doing this for quite a while you were doing it very well, you would think so I guess. One, of, the. Things they, have to consider though it allowed. The locations is maybe. What the physical setup of the of the place. Gotta, have space. Not like you can just do this anywhere because it can cause traffic. The, thing I've noticed at HEB I mean how many times have you gone to the store and you see you see. Some kid putting, things in a massive cart, yeah a big three or four level cart those are the people that are getting the curbside orders together I. See and you might see two or three of those massive carts down. Down the bay Kyle on a Sunday. Afternoon you got ten or fifteen other. Carts trying to get, up and down that aisle they they kind of blocked the aisles. Well I won't do the curbside pickup at whole foods ever because one of the one of the motivations for me to go, to whole foods is that that's where. The, most attractive women go whole foods in my. Opinion That's how you determine what you put in your. Mouth that is Yes I guess so yes it how much. Time I spend in the store ever. Asked their names or anything I don't try to get. Phone number I don't do. That I'm a married. Man have you just very happily, married to stare I'm just I'm just human that's all, I'm, looking stare I have just noticed just just an observation what I've been in whole foods I seem to be the. Most attractive women in Austin listen, New York City council members are. Expected to vote today on changes that could revamp. The way ridesharing services are governed when this happens in, New York it could happen, here in Austin, we'll get into. That coming up, after the, news also an interesting, new way to get a new car a subscription to a cause not a lease but a subscription you can have you know a brand. New Cadillac Mercedes for a. Couple of weeks or couple of months or a couple of years. Really..

Elon Musk Amazon Michael Dell Tesla United States CEO New York City Council Austin New York Sacramento Virginia Bay Kyle Mercedes Cadillac Three Hundred Eighty One Dolla Twenty Dollars
China-US Trade Surplus Eases as Trump Tariffs Bite, But Weaker Yuan Softens Blow

America in the Morning

01:04 min | 3 years ago

China-US Trade Surplus Eases as Trump Tariffs Bite, But Weaker Yuan Softens Blow

"Watching, how Trump impose tariffs are affecting. Our trade with, China Steve Kastenbaum has done some numbers crunching exports from China. Not only grew in the, month, of July the growth exceeded expectations, exports rose twelve point two percent when compared to July of, last year despite fresh tariffs that's well, above the ten percent that was. Forecasted it seems like President, Trump's tariffs, on thirty, four billion dollars worth. Of Chinese goods had little impact on overall trade some of that increase can be attributed to. Frontloading customers placing, large orders with Chinese factories in order to get the deals done before the, president institutes deeper tariffs On two hundred, billion dollars worth of, goods manufactured, in China, the concern is that the escalating trade war in, a steep decline in the value of the you on versus the, dollar could put a significant dent on the economy China's government responded by releasing more liquidity into the banking system encouraging. Lending and promising a more active fiscal policy they haven't shown any outward willingness to give in to President Trump's

Elon Musk Tesla President Trump Donald Trump China Founder And Ceo Tom Good United States New Orleans Tom Elon Steve Kastenbaum Michael Dell Tom Busby South Carolina Seaworld Hurricane Katrina New Orleans Saints NFL
Massachusetts top court upholds 20-day voter registration cut-off

WBZ Afternoon News

03:07 min | 3 years ago

Massachusetts top court upholds 20-day voter registration cut-off

"Is a private company says is planning to offer common shares investment firm silverlake and michael dell took del private in two thousand thirteen companies still losing money but tells losses have been tracking and sales grew nineteen percent in his latest quarter business reports at eight and thirty eight past the hour i'm tracy jonky bloomberg business on wbz newsradio ten thirty tracy thank you and the white house has just announced that secretary of state mike pompeo we'll make another diplomatic trick to north korea it will be his third trip to pyongyang white house press secretary sarah sanders has pompeo will leave for the korean peninsula on july fifth so this week and you can expect fireworks if a different kind after president trump's announced been next week on his choice to replace retiring supreme court justice anthony kennedy the president says just this morning he interviewed four candidates for the post he plans on meeting with four others before next week's announcement cbs's steven portnoy reports abortion rights will be a key factor in the senate debate after the nominee is known in the campaign the president made it clear he'd appoint justices who would vote to overturn roe versus wade now he says he won't ask perspective picks for their views on abortion the list from which he's choosing has been preapproved by conservative groups cbs news has learned the two leading contenders are both pella judges brent kavanagh of the dc circuit court and amy coney barrett of the seventh circuit based in chicago the white house says counsel don mcgann will lead the overall nomination process as he did for the confirmation of justice neal gorsuch last year former governor deval patrick's brotherinlaw will spend the fourth of july locked up after making his plea for freedom while awaiting trial the prosecutor told the judge she wants former governor deval patrick's brotherinlaw bernard sigh of milton held without bail until he goes to trial he's accused of raping kidnapping and assaulting a woman last december in an apartment the two shared the victim claims he forced her to have sex and held her against her will cy has pleaded not guilty and ordered no contact with the woman but today milton police detective vaulter pirates testified that earlier this year cycle used a special app to anonymously send messages and texts and that he asked a friend to kidnap her so that he could talk to her the judge is expected to make a decision on bail on july eighteenth in norfolk county superior court sheri small wbz newsradio ten thirty in massachusetts the cutoff voter registration remains at twenty days prior to election day the aclu had gone to court arguing the cutoff came just when people's interest in the candidates and issues is peaking will the aclu argued that cutoff prevents thousands of qualified on registered voters from translating that interest into action in other words from voting well the supreme court did not agree ruling the twenty day cutoff is quote reasonable and their words wbz news time four forty two traffic in a minute tom cuddy right now in the as tikka dot com sports studio red sox nationals first of three washington rick pacelle oh starts day two of.

Milton Nineteen Percent Twenty Days Twenty Day
Bloomberg, Walmart and Michael Dell discussed on Bloomberg Surveillance

Bloomberg Surveillance

01:03 min | 3 years ago

Bloomberg, Walmart and Michael Dell discussed on Bloomberg Surveillance

"Bloomberg radio bloomberg the world is listing this is a bloomberg market minute walmart expects to record a noncash net loss of about four and a half billion dollars in the second quarter this is from selling a majority stake in its brazilian unit to advent international walmart will retain a twenty percent stake in its brazil unit upon completion of the transaction dell technologies reports a solid firstquarter revenue climbed nineteen percent and adjusted earnings rose thirty three percent ceo michael dell has been considering strategic options for the computer and server maker such as a combination with software affiliate vmware or an ipo for dell bayer is just days away from transforming itself into the world's biggest maker of seeds and agricultural chemicals saying it plan is to close its purchase of monsanto on thursday it's the third in a series of industry megadeals following dow chemicals merger with dupont and china national chemicals takeover of syngenta s and p futures up nine points gina cervetti bloomberg radio.

Bloomberg Walmart Michael Dell Vmware Monsanto Dupont Brazil Dell CEO Syngenta S Gina Cervetti Thirty Three Percent Nineteen Percent Billion Dollars Twenty Percent