Michael Dell Discovers New CEO While Shaving

Michael Dell, no doubt after an exhaustive search, thinks he's found just the guy to lead Dell back to the top spot in personal computer sales.

Dell Chairman and founder Michael Dell reclaimed the position of chief executive officer, ousting Kevin Rollins after he lost the lead in personal computers and failed to revive earnings growth. The shares rose 4.3 percent after the company said Rollins, 54, resigned effective immediately. The decision to replace him was made earlier this week, said spokesman Bob Pearson, declining to be more specific.