Michael Dell

United States
Born on 23 Feb 1965
Business Magnate, Investor, Philanthropist, Author

Instead of vertical integration, we have a kind of virtual integration that is taking hold. It shows up in the efficiency of companies. Our company, for example, has a return on invested capital of roughly 290 per cent which... is significantly above our cost of capital... This says there is a fair bit of competitive power in a model like this.

Speech to the Canadian Club of Tbronto, Canada. 'Leadership in the Internet Economy' (2000)

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