“Shut it down and give the money back to the shareholders”

“Shut it down and give the money back to the shareholders”

9to5mac »

Well, what goes around comes around.

At the Gartner Symposium and ITxpo97 in 1997, Dell founder and CEO Michael Dell famously gave his two cents on Apple to a crowd of IT executives: ”What would I do? I’d shut it down and give the money back to the shareholders,” he notably said.

Flash forward nearly two decades, and the world’s third-biggest computer manufacturer is going private in a $24.4 billion deal that also gives $13.65 per share in cash to shareholders. Bloomberg called the company’s move “the biggest leveraged buyout since the financial crisis.”

Oh man, oh man, oh man… Crazy world we live in right? I don’t believe in karma, but if I did, I would be cracking some remarks about karma right now.

The orginal article on CNet from 1997 is availalbe here.