According to a recent Wall Street Journal article, "Interviews with current and former Dell executives, plus other people who know the CEO, paint a picture of a man who appeared increasingly worried about his legacy." If the proposed deal goes through, Michael Dell's legacy is clear enough in my mind - suffice to say an appropriate title for his biography would be "The Art of the Steal."
To shareholders who view their stock holdings as an economic interest in businesses and who have placed their faith in management and the Board to protect their interests, the proposed and accepted $13.65 per share deal is looked upon as an attempted robbery and an epic failure of fiduciary duties. Why? For two reasons:
There is absolutely no need for Dell to go private other than the motivation of Michael Dell's greed, and
$13.65 per share undervalues the company by at least 42% (i.e. conservative estimation of per share value is 74% higher than the proposed deal).