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Business, Finance, Occupation & Industry

Accretive Health Names Stephen Schuckenbrock President and CEO; Mary Tolan Elected Chairman

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By Business Wirevia The Motley Fool

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Accretive Health Names Stephen Schuckenbrock President and CEO;

Mary Tolan Elected Chairman

CHICAGO–(BUSINESS WIRE)– The Board of Directors of Accretive Health, Inc. (NYS: AH) announced today that Stephen Schuckenbrock, formerly president of Dell Services, has been named President and Chief Executive Officer and a member of the Accretive Board of Directors effective on April 3, 2013. Firm co-founder and current President and Chief Executive Officer Mary Tolan has been elected Chairman of the Board of Directors. Co-founder and current Chairman of the Board J. Michael Cline will continue to serve as a director of the company.

“In nine years Accretive Health has grown from a startup to a $1 billion company in market capitalization. As we continue to serve a rapidly changing healthcare marketplace, the new, enhanced management team is a natural evolution as part of our growth. Steve’s strengths in technology, driving growth at Dell Services and operational execution will add to an already capable team,” Cline said.

As president of Dell Services, he oversaw a full range of business solutions from infrastructure and cloud to Business Process Outsourcing. He was responsible for developing and delivering end-to-end IT services and business solutions for global corporations, government, healthcare providers and educational institutions around the world. His work at Dell also included President of Dell’s Large Enterprise business and Chief Information Officer.

“I am excited and honored to be taking this leadership role in a company that I believe can make a real difference in healthcare. In a very short time, Mary and her team have created an innovative business model around the important core mission of improving healthcare for providers and patients alike. Mary’s leadership and expertise will be key as we seek to meet and exceed customer needs in a complex and rapidly evolving industry. I look forward to partnering with Mary and the entire leadership team to take the company to the next level,” Schuckenbrock said.

Said Tolan: “For some time now, the Board and I have been looking to add to the intellectual and operational firepower of our senior leadership ranks. I am delighted to say we have found an extraordinary executive, Steve Schuckenbrock,” adding, “We expect that his experience in scaling the $8.5 billion technology services business at Dell, which had significant healthcare focus and excelled in customer outcomes, will be an important catalyst for our company.”

Prior to Dell, Schuckenbrock was co-chief operating officer and executive vice president of global sales and services for EDS. Before joining …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Why a New Dell Buyout?

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By 24/7 Wall St.

Dell HQ

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Financial firm Blackstone Group L.P. (NYSE: BX) may make a offer to take Dell Inc. (NASDAQ: DELL) private, an offer that would be higher than one from Michael Dell and Silver Lake. Such a move would be risky, given on the PC firm’s earnings and the future of its major businesses.

A new Dell owner would have several options. The most obvious would be to cut costs through significant layoffs. Or, Dell could sell some of its divisions. The first risks cutting muscle along with fat, particularly because Dell already has had rounds of layoffs. The second risks that an auction of Dell businesses will bring disappointing results.

A new Dell owner could just fire people as sales decline, particularly at its PC division. It is an ages old tactic that sometimes works, if the balance is perfect. Cut too much and a legacy business that could make money for a while, even as its shrinks, could be understaffed. Cut too little and the chance to maintain some level of operating income disappears.

Dell still makes enough money that lower expenses might preserve operating income, but that current operating level may be too low to support a large load of debt. Dell’s net income last year was $2.4 billion, down from $3.5 billion the previous year. Margins at the consumer PC division, which is about a fifth of Dell’s revenue, fell just below zero as the revenue from this operation dropped 20%. That left Dell’s sales to businesses and enterprises to make up some of the revenue. However, enterprise sales face efforts from more successful rivals like Oracle Corp. (NASDAQ: ORCL) and International Business Machines Corp. (NYSE: IBM). Even severely crippled rival Hewlett-Packard Co. (NYSE: HPQ) remains in many of these businesses. HP maybe wounded but it is not dead.

Dell’s other large business is its services division, which has been troubled for several years. Dell has tried to bolster this segment through a frenzy of M&A, the most notable being the purchases of EDS and Perot Systems. The net effects of these transactions were write-downs based on analyses that Dell had paid to much.

With problems at many Dell divisions, it is hard to understand which it could sell for much, unless it wants to jettison the only operations that make substantial money.

Private equity purchases of large public companies generally are based on the idea that a private company can be better run than a public one, even if it is saddled with debt. So little about Dell is attractive that it is impossible to see how that would work.

Filed under: 24/7 Wall St. Wire, Mergers and Buy Outs, PC Companies, Rumors Tagged: BX, DELL, featured, HPQ, IBM, ORCL

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

CEO Series: Female Tech Executive Talks About Her Rise to the Top

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By Sasha Galbraith, Contributor

When Paulett Eberhart started as a junior level accountant at Electronic Data Systems (EDS, now part of HP), she already knew she wanted to branch out into other parts of the business. At that time (1978), EDS had revenues of $300 million and approximately 3,000 employees. During the subsequent 20 years, she not only succeeded in transforming many parts of EDS, but also herself. …read more
Source: FULL ARTICLE at Forbes Latest

News, Politics, Government

HP: Jefferies Analyst Says CEO Whitman Unlikely To Sell Autonomy, EDS

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By Eric Savitz, Forbes Staff Already, the Street is pouring cold water on the notion that Hewlett-Packard might find buyers for its troubled Autonomy and EDS units. HP‘s shares ticked higher Wednesday on a Wall Street Journal story that the company has received expressions of interest from potential buyers of the two businesses. But Jefferies analyst Peter […]
Source: FULL ARTICLE at Forbes Latest

News, Politics, Government

HP: WSJ Says Some Buying Interest In Autonomy, EDS

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By Eric Savitz, Forbes Staff Hewlett-Packard shares are on the rise after the Wall Street Journal reported that the company has received “expressions of interest” from potential suitors for the company’s Autonomy and EDS businesses. HP spent $13.9 billion for EDS in 2008, and $11.1 billion for Autonomy in 2012, and has since taken massive write-downs […]
Source: FULL ARTICLE at Forbes Latest