AFL-CIO, AFSCME want Michael Dell to step down from Dell
The AFL-CIO and AFSCME are asking Dell Inc. shareholders to withhold their votes from Michael Dell, the company’s chairman and CEO, at the annual shareholder meeting Aug. 12. The AFL-CIO and AFSCME, which both own Dell shares, say the company would be better served by removing Michael Dell as chairman.
Last month, Dell postponed its annual meeting to give shareholders time to consider a proposed settlement of a complaint filed by the Securities and Exchange Commission SEC. The SEC complaint alleged that payments from microprocessor manufacturer Intel were improperly disclosed to shareholders and that “cookie jar” reserve accounts had been manipulated. Under the proposed settlement, Dell Inc. agreed to pay a $100 million penalty and Michael Dell agreed to pay a $4 million penalty.
via AFL-CIO NOW BLOG | AFL-CIO, AFSCME Call for Removal of Dell Chairman.
Dude, you are so not getting a Dell.
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