Michael Dell to weigh Blackstone offer with CEO guarantee

Michael Dell wants to stay on as chief executive

David Carey

DELL founder Michael Dell will only consider backing a buyout by Blackstone if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.

In several recent meetings in Austin, Texas, with Chinh Chu and David Johnson – the Blackstone executives overseeing the firm's bid – Mr Dell said he would be more likely to support their proposal if he retained an influential role.