Michael Dell receives lowest votes in board elections

Michael Dell received the lowest number of votes in elections for the Dell board, it has been revealed.

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Michael Dell received the lowest number of votes in elections for the Dell board, it has been revealed.

Earlier this month, two trade unions in the US asked Dell shareholders to withhold their votes for Dell to remain as a director, following news of a $100 million accounting settlement the company made with the Securities and Exchange Commission.

In a regulatory SEC filing, Dell revealed that 25.1 percent of the votes, or 377.8 million of 1.5 billion votes did not support the re-election of the chief executive and chairman to the board.

With 1.127 billion votes ‘for’, Michael Dell received the lowest number of votes of all the re-elected 11 directors.

James Breyer, finance, leadership development and compensation director at Dell, received the highest number of ‘for’ votes (1.492 billion), and the lowest number of ‘withheld’ votes (12.1 million).

Dell announced earlier this week that it is set to buy 3PAR for $1.15 billion (£737 million), as part of its expansion in the corporate datacentre business. The company said that the acquisition will expand its storage capabilities, especially in virtualisation optimisation.

 

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