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Curiously, Dell (NASDAQ: DELL) has hired Don Carty, an old-economy executive from American Airlines (NYSE: AMR), as CFO to help Dell get back to its high growth ways.Carty is one hell of a nice guy, but was never known as an in-your-face low-cost type of guy. He was best known for smoothing relations between American's management and unions.
Investors seriously have to question the thinking behind this decision. Dell became Dell by developing a massive global logistical infrastructure that was one of the great feats in business history. Understanding this infrastructure and then helping management might be asking a lot from someone new to the industry like Carty -- especially when Dell is receiving serious competition from Hewlett-Packard (NYSE: HPQ) and Lenovo (OTC: LNVGY).
Adding Carty to Rollins' team seems to make Dell's executives more reactive rather than proactive. It is hard to get excited about Dell's stock after hearing this announcement.
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