Nov 2, 2021
‘The fool doth think he is wise’
There are even a few where Dell critiques the meat loaf that Icahn's wife served the two at a 2013 dinner in Manhattan when the famed activist was threatening to buy Dell's computer company. The cash will help Dell repay debt accumulated in an $100bn-plus acquisition binge done alongside Silver Lake that began with the $25bn take-private of Dell in 2013. Others on Wall Street have made money off of Dell, including activist Elliott Management, which bet billions on Dell Technologies and was a proponent of Monday's spin-off. The financial engineering was good business for Dell's financial adviser Goldman Sachs and his preferred banker Gregg Lemkau, who decamped Goldman to run part of Dell's family office MSD Capital. The computer mogul used cheap debt, financial engineering and aggressive corporate governance to turn a 15.6 per cent stake in Dell worth under $4bn in 2013 into a holding in two companies now worth over $40bn.
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