Some of Dell’s (NASDAQ:DELL) current shareholders are up in arms over the proposed leveraged buyout of the quarter-century-old personal computer company. They argue that it’s a sweetheart deal for Michael Dell and a way for him and private equity firm Silver Lake along with Microsoft (NASDAQ:MSFT) to hang on to Dell’s cash and keep any future profits from a future turnaround to themselves. Another way of looking at the $24.4 billion transaction is that it is a test for the classic private equity model. The whole concept of private equity is based on the assumption that a group of companies – typically mature ...