Dell investors withhold votes for CEO in election

* Michael Dell received fewest votes for election – filing

* Dell shares down more than 13 pct in last year

NEW YORK, Aug 17 (BestGrowthStock) – Michael Dell, founder of
computer maker Dell Inc (DELL.O: ), was reelected to his
company’s board this month with more than a quarter of the
votes withholding support for his election, reflecting investor
displeasure with his tenure as CEO.

Dell disclosed in a regulatory filing on Tuesday that 25.1
percent of the votes, or 377.8 million of 1.5 billion votes,
withheld their support for the chief executive and chairman in
a company annual meeting on Aug 12.

Michael Dell received the lowest number of votes in favor
of his election of all 11 directors reelected.

Dell, once the world’s largest personal computer vendor,
ranks No. 3 behind Hewlett-Packard Co (HPQ.N: ) and Acer Inc
(2353.TW: ). The company has ceded market share rather than
engage in price wars that would further pinch margins.

Its shares have fallen more than 13 percent in the last
year while the Nasdaq has risen more than 14 percent in that
period.

The company has made a mix of major and small acquisitions
in the last year as it tries to diversify beyond personal
computers. This week it said it had agreed to pay $1.15 billion
to buy 3PAR Inc (PAR.N: ), a data storage company.
(Reporting by Yinka Adegoke; Editing by Richard Chang)

Dell investors withhold votes for CEO in election