Dell's hiring policy; from this link:
wgss.com
Many companies try to develop a system for promoting employees to the very top ranks of the organization. Dell has almost taken the opposite approach. Literally none of the senior staff has been promoted up through the ranks of the company, and instead, have been hired from outside into their current positions. While this has created a large amount of turmoil, it also serves to bring new ideas, methods, skills and drive into the company. Literally the entire executive staff, with the exception of Michael Dell is new since 1994. Gone are Andrew Harris, ex-President of Dell International; Glenn Henry, ex-Executive VP of Dell Product Group; Joel Kocher, ex-President of Dell USA; Jim Daniel, ex-CFO; Rick Salwen, ex-Chief Counsel, (Rick remains with the company in a reduced role), Katsumi Iizuka, ex-President of Dell Japan; Bruce Sinclair, ex-President of Dell Europe. Their replacements are all from outside the company: Mort Topfer, Co-CEO and Chairman, from Motorola, Kevin Rollins, Sr. VP of the Americas, from Bain & Co; Tom Meredith, CFO, from Sun; Jan Gesmar-Larsen, President of Dell Europe, from Apple; Michael Lambert, Sr. VP of the Server Group, from Compaq; Scott Mercer, Sr. VP of the Product Group, from Western Digital. Dell has been able to keep its mid and upper level executives happy through growth-driven promotions and stock options made even more attractive by the terrific run-up in Dell stock over the past 3 years
this, and my previous post, indicate (to me anyway) that MD is doing what he always did in terms of hiring, and successfully--why not pluck someone from a company that beat you last year ? |
