Email | Print    Type Size  -  +

Putin-Dell slapdown at Davos

The Russian prime minister tells the Dell CEO: 'We don't need help. We are not invalids.'

By Peter Gumbel, Europe editor
January 28, 2009: 2:34 PM ET

DAVOS, Switzerland (Fortune) -- Ever since Vladimir Putin rose to power in 2000, his political opponents and entire countries have learned to their cost that he has a tough, demeaning streak. Wednesday it was Michael Dell's turn.

At the official opening ceremony of the World Economic Forum in Davos, Putin, now Russian Prime Minister, delivered a 40-minute speech touching on everything from why the dollar should not be the sole reserve currency to how the world needed to enter into a smart energy partnership with Russia. Then it was time for questions. First up: Dell. He praised Russia's technical and scientific prowess, and then asked: "How can we help" you to expand IT in Russia.

Big mistake. Russia has been allergic to offers of aid from the West ever since hundreds of overpaid consultants arrived in Moscow after the collapse of Communism, in 1991, and proceeded to hand out an array of advice that proved, at times, useless or dangerous.

Putin's withering reply to Dell: "We don't need help. We are not invalids. We don't have limited mental capacity." The slapdown took many of the people in the audience by surprise. Putin then went on to outline some of the steps the Russian government has taken to wire up the country, including remote villages in Siberia. And, in a final dig at Dell, he talked about how Russian scientists were rightly respected not for their hardware, but for their software. The implication: Any old fool can build a PC outfit. To top of page

Company Price Change % Change
Bank of America Corp... 8.07 -0.11 -1.34%
General Electric Co 18.88 -0.26 -1.33%
Cisco Systems Inc 19.90 -0.10 -0.52%
Ford Motor Co 12.44 -0.25 -1.97%
Frontier Communicati... 4.04 -0.10 -2.42%
Data as of Feb 10
Index Last Change % Change
Dow 12,801.23 -89.23 -0.69%
Nasdaq 2,903.88 -23.35 -0.80%
S&P 500 1,342.64 -9.31 -0.69%
Treasuries 1.97 -0.08 -3.81%
Data as of 2:44am ET
More Galleries
12 greenest cars of 2012 The American Council for an Energy Efficient Economy has released its list of the most environmentally friendly cars of 2012, but there's one glaring omission. More
Top 10 counterfeit goods Last year, U.S. Customs and Border Protection seized 25,000 shipments of counterfeit goods that were making their way into the country. The total value of that loot: $178.9 million. Here are the top 10 fakes and how to spot them: More
Cars of the future: They're going to be tiny and weird Several automakers are moving toward small, shared electric cars that will radically change the way people drive in big cities. More
Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.