His company is under investigation, sales are shrinking, profits are down and its market share is declining. Time to get away?
Michael Dell may just have a new paradise to visit when he needs a little R&R. According to Pacific Business Press, Dell and a group of investors just finished acquiring a luxury Hawaiian setting, The Kona Village Resort:
The 82-acre Kona Village Resort has 125 bungalows on the beach next to 865-acre Hualalai Resort, a master-planned residential resort community that includes the Four Seasons Resort Hualalai. A joint venture between MSD Capital and Rockpoint Group own that, too.
Dell closed his deal as his company struggles to overcome a series of problems, including the revelation last week that the Audit Committee of his company's Board of Directors found evidence of misconduct during the course of its investigation into accounting issues. Sources also say Dell last week continued a series of smaller, targeted workforce reductions throughout the company -- including buyout package offers to several dozen employees at one of its Tennessee manufacturing sites.
