Michael Dell Could Lose Vote, CEO Job in Rival Dell Buyout Bid - WSJ.com

The Dell plot thickens

"If Blackstone succeeds in unseating the existing buyout, however, Mr. Dell may lose his position as CEO. Blackstone is working on a deal that would not require Mr. Dell to contribute his Dell shares into the buyout, people familiar with the matter said. It is not clear whether Blackstone would ask Mr. Dell to contribute his stake.
As Blackstone has worked to assemble a potential rival deal, it also has approached other executives about potentially taking over as Dell's CEO. The potential candidates Blackstone has approached include Michael Capellas, an ex-CEO of PC maker Compaq that is now part of H-P."

Michael Dell Could Lose Vote, CEO Job in Rival Dell Buyout Bid - WSJ.com