Michael Dell will be the CEO of the newly merged company that combines Dell's devices and services business with EMC's enterprise storage business, as well as its recent acquisitions in VMware and AirWatch. It's the most expensive acquisition in tech history.
Dell will lay off 10 percent of its 88,100 workers, in a continuing effort to improve profits as the company also completes an investigation of accounting fraud, it said Thursday.
Kevin Rollins is taking his elevation to chief executive officer at Dell Inc. in stride. On Friday, company founder Michael Dell will relinquish the CEO role to Rollins at Dell's annual shareholder meeting, but little is expected to change at the top of the world's leading PC vendor following the move.