We’re continuing to evolve the company into the most relevant areas where IT is moving. The private structure gives us a tremendous amount of flexibility. He had already started his crowing on October 11, telling the New York Times, “This creates a world-leading company. I truly believe that the combination of EMC and Dell will prove to be a winning combination for our customers, employees, partners and shareholders,” quoth Tucci.ĭell founder and CEO, Michael Dell, - who took his company private for about $25 billion in 2013 taking on $12 billion in debt - is going to enjoy bragging rights. "But the waves of change we now see in our industry are unprecedented and, to navigate this change, we must create a new company for a new era. Tucci believes that this deal will help all EMC's stakeholders adapt to change. In a statement, Tucci said, “I’m tremendously proud of everything we’ve built at EMC – from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers." Now he can retire in peace and boatloads of money ($27.2 million, according to Equilar way more than the roughly $124,000 he would have gotten had he retired) - knowing that Dell will be the one to inherit EMC and get to decide what to keep, what to sell, and whom to fire. After all, the 68 year old had planned to retire this February but did not do so. So who are the winners and losers from this deal?ĮMC Chairman and CEO Joe Tucci is the biggest winner of this deal.
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