Michael Dell founded Dell Inc. in 1984 out of his dorm room at the University of Texas, selling computers out of his dorm room. He grew the company significantly, becoming the youngest CEO of a Fortune 500 company at age 27. Dell pioneered a direct-to-customer sales model that eliminated retailers, cutting costs and allowing lower prices than competitors. Today, Dell Inc. employs over 103,000 people worldwide and is one of the largest technology companies, focusing on PCs, servers, and other technology products and services. Michael Dell remains actively involved as CEO, focusing on customer satisfaction and an efficient business model.