Michael Dell's early courtship of Trump pays off as Dell Technologies sees record stock performance
By
Garrett Downs, Hayley Cuccinello, Jordan Novet
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
Michael Dell strategically courted President Donald Trump early in his second term, attending key events like the Invest America Roundtable and being publicly endorsed by Trump ("go out and buy a Dell"). Dell Technologies subsequently experienced its best month on Wall Street since 2018. The article highlights how this relationship, including a $6.25 billion gift for children's Trump Accounts, reflects a broader shift in corporate America's approach to engaging with the Trump administration, departing from traditional norms of big business philanthropy.
Key quotes
· 3 pulledTrump advised Americans to 'go out and buy a Dell.'
The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy.
Michael Dell bought into President Donald Trump's second term early.
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