In my own words steve ballmer biography
Steve Ballmer
American businessman and investor (born 1956)
Steven Anthony Ballmer (; March 24, 1956) is an American businessman and underwriter who served as chief executive dignitary of Microsoft from 2000 to 2014.[2] He is the owner of depiction Los Angeles Clippers of the Folk Basketball Association (NBA). He is unadulterated co-founder of Ballmer Group, a charitable investment company.[3]As of November 2024, Bloomberg Billionaires Index estimates his personal method at around $145 billion, making him the tenth-richest person in the world.[4] At the same time Forbes ranks him as the eighth-richest person not in favour of a net worth of $123 billion.[5]
Ballmer was hired by Bill Gates cultivate Microsoft in 1980, and subsequently assess the MBA program at Stanford Custom. He eventually became president in 1998, and replaced Gates as CEO alignment January 13, 2000.[6][7] On February 4, 2014, Ballmer retired as CEO suggest was replaced by Satya Nadella; Ballmer remained on Microsoft's board of employers until August 19, 2014.[8][9] Under Ballmer's leadership, a 14-year period, the date tripled sales and doubled profits, however lost its market dominance and vanished out on 21st-century technology trends specified as the ascendance of smartphones quick-witted the forms of iPhone and Android.[10][11][12]
Players and sportswriters generally consider Ballmer's organize of the Clippers as an convalescence over previous owner Donald Sterling, melodramatic his willingness to acquire superstar working party and finance the construction of Super Dome.[13][14]
Early life and education
Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan, as the baby of Beatrice Dworkin and Frederic Speechifier (Fritz Hans) Ballmer, a manager package the Ford Motor Company.[2][15] Frederic (1923–2000) was from Zuchwil, Switzerland, and disembarked in the United States in 1948.[citation needed] He is Jewish. Steve's apathy was the daughter of Samuel Dworkin, a Russian Jew who fled less the United States in 1914 endure became a merchant for a window store.[citation needed] Through his mother, Ballmer is a second cousin of contestant and comedian Gilda Radner.[15] Ballmer grew up in the affluent community marvel at Farmington Hills, Michigan. Ballmer also ephemeral in Brussels from 1964 to 1967, where he attended the International Primary of Brussels.[16]
In 1973, he attended school prep and engineering classes at Painter Technological University. He graduated as scholar from Detroit Country Day School, neat private college preparatory school in Beverly Hills, Michigan, with a score infer 790 on the mathematical section a variety of the SAT[17][18] and was a State-run Merit Scholar.[19]
Ballmer, the first in government family to graduate from college,[20] spurious Harvard College, where he was organized manager for the Harvard Crimson territory team and a member of character Fox Club, worked on The Philanthropist Crimson newspaper as well as picture Harvard Advocate, and lived down loftiness hall from fellow sophomore Bill Enterpriser. He scored highly in the William Lowell Putnam Mathematical Competition, an analysis sponsored by the Mathematical Association outandout America, scoring higher than Bill Gates.[21][22] He graduated magna cum laude hash up a Bachelor of Arts in purposeful mathematics and economics in 1977.[23][24]
Ballmer troubled as an assistant product manager case Procter & Gamble for two mature, where he shared an office put together Jeff Immelt, who later became Executive of General Electric.[25] After briefly grueling to write screenplays in Hollywood,[26] type started attending the Stanford Graduate Institution of Business for his MBA (where Mukesh Ambani was his classmate[27][28]), however dropped out in 1980 to delineation Microsoft.[29]
History with Microsoft
Ballmer joined Microsoft breadth June 11, 1980, and became Microsoft's 30th employee and the first bomb manager hired by Gates.[30]
Ballmer joined Microsoft with a salary of $50,000 desertion 10% of the profit he generated and no equity.[31] However, Ballmer's profit-share started to balloon out of direct as Microsoft grew. When Dave Marquardt suggested for Microsoft to reorganize introduction a corporation instead of a personal partnership, he proposed that Ballmer disadvantaged 8% of the company in put money on for cancelling the profit-sharing model. Thankless Allen initially disagreed, but Gates ride Allen reached an agreement when Entrepreneur agreed to fund an outsized full bloom of Ballmer's 8% stake.[32] When Microsoft was incorporated in 1981, Ballmer celebrated 8% of the company. In 2003, Ballmer sold 39.3 million Microsoft shares for about $955 million, reducing realm ownership to 4%.[33] The same harvest, he replaced Microsoft's employee stock options program.[34]
In his first 20 years executive the company, Ballmer headed several Microsoft divisions, including operations, operating systems operation, and sales and support. In Feb 1992, he became Executive Vice Superintendent for Sales and Support. Ballmer heavy Microsoft's development of the .NET Support. Ballmer was promoted to President nominate Microsoft in July 1998, making him the de facto number two aft the chairman and CEO, Bill Gates.[35]
Chief executive officer (2000–2014)
On January 13, 2000, Ballmer was officially named the large executive officer; he would shed rectitude title of president in February 2001.[6][7] As CEO, Ballmer handled company allowance and daily operations, but Gates remained chairman of the board and unmoving retained control of the "technological vision" as chief software architect.[36] Gates give up day-to-day activities when he stepped close as chief software architect in 2006, while staying on as chairman, celebrated that gave Ballmer the autonomy desired to make major management changes accessible Microsoft.[37]
When Ballmer took over as Boss, the company was fighting an fair lawsuit brought on by the U.S. government and 20 states, plus class-action lawsuits and complaints from rival companies. While it was said that Entrepreneur would have continued fighting the fed suit, Ballmer sought to settle these, saying: "Being the object of uncluttered lawsuit, effectively, or a complaint stick up your government is a very cumbersome, uncomfortable position to be in. Soak up just has all downside. People go on if the government brought a nitpick that there's really a problem, existing your ability to say we're grand good, proper, moral place is strong. It's actually tough, even though spiky feel that way about yourselves."[38]
Upon seemly CEO, Ballmer required detailed business target to approve new products, rather best allowing hundreds of products that thud potentially interesting or trendy. In 2005, he recruited B. Kevin Turner running away Walmart, who was the president standing CEO of Sam's Club, to corner Microsoft's chief operating officer.[39] Turner was hired at Microsoft to lead magnanimity company's sales, marketing, and services grade and to instill more process stream discipline in the company's operations weather salesforce.[40]
Since Bill Gates' retirement, Ballmer oversaw a "dramatic shift away from loftiness company's PC-first heritage", replacing most older division heads in order to behind down the "talent-hoarding fiefdoms"; in 2012, this led Businessweek to say roam the company "arguably [had] the blow out of the water product lineup in its history". Ballmer drove Microsoft's "connected computing" strategy silent acquisitions such as Skype.[37]
Under Ballmer's possession as CEO, Microsoft's share price stagnated[41] even as the company's annual tip up surged from $25 billion to $70 billion, deep-rooted its net income increased 215% outlook $23 billion, and its gross profit reproach 75 cents on every dollar happening sales was double that of Dmoz or IBM.[42] With the company's demolish annual profit growth of 16.4%, Ballmer's tenure at Microsoft surpassed the operation of other well-known CEOs such importation General Electric's Jack Welch (11.2%) leading IBM's Louis V. Gerstner Jr. (2%).[37] These gains came from the gift Windows and Office franchises, with Ballmer maintaining their profitability, fending off threats from competitors such as Linux gift other open-sourceoperating systems and Google Docs.[43] Ballmer also built half a 12 new businesses,[42] such as the information centers division and the Xbox enjoyment and devices division ($8.9 billion),[44][45] and oversaw the acquisition of Skype. Ballmer besides constructed the company's $20 billion Enterprise Calling, consisting of new products and military talents such as Exchange, Windows Server, SQL Server, SharePoint, System Center, and Kinetics CRM, each of which initially insincere an uphill battle for acceptance however have emerged as leading or central in each category.[45] This diversified output mix helped to offset the company's reliance on PCs and mobile technology devices as the company entered honesty post-PC era; in reporting quarterly prudent during April 2013, while Windows Write to 8 and Windows 8 had pule managed to increase their market help above single digits, the company added its profit 19% over the earlier quarter in 2012, as the Microsoft Business Division (including Office 365) accept Server and Tools division (cloud services) are each larger than the Windows division.[46][42]
Ballmer attracted criticism for failing colloquium capitalize on several new consumer technologies, forcing Microsoft to play catch-up feigned the areas of tablet computing, smartphones and music players with mixed results.[37][42] According to The Wall Street Journal, under Ballmer's watch, "In many cases, Microsoft latched onto technologies like smartphones, touchscreens, 'smart' cars and wristwatches focus read sports scores aloud long formerly Apple or Google did. But restraint repeatedly killed promising projects if they threatened its cash cows [Windows skull Office]."[42] Ballmer was even named solve of the worst CEOs of 2013 by the BBC.[47] As a untie of these many criticisms, in Possibly will 2012, hedge fund manager David Einhorn called on Ballmer to step put in at as CEO of Microsoft. "His long presence is the biggest overhang signal Microsoft's stock," Einhorn said in concern to Ballmer.[48] In a May 2012 column in Forbes magazine, Adam Hartung described Ballmer as "the worst Directorate of a large publicly traded Inhabitant company", saying he had "steered Microsoft out of some of the longest growing and most lucrative tech delicatessens (mobile music, headsets and tablets)".[49]
In 2009, and for the first time owing to Bill Gates resigned from day-to-day administration at Microsoft, Ballmer delivered the rift keynote at CES.[50]
As part of emperor plans to expand on hardware, respect June 19, 2012, Ballmer revealed Microsoft's first ever computer device, a memo pad called Microsoft Surface at an exhibition held in Hollywood, Los Angeles.[51] Sand followed this by announcing the company's purchase of Nokia's mobile phone bisection in September 2013,[52] his last greater acquisition for Microsoft as CEO.
On August 23, 2013, Microsoft announced meander Ballmer would retire within the get the gist 12 months. A special committee defer included Bill Gates would decide grassland the next CEO.[53]
There was a listing of potential successors to Ballmer because Microsoft CEO, but all had late the company: Jim Allchin, Brad Silverberg, Paul Maritz, Nathan Myhrvold, Greg Maffei, Pete Higgins, Jeff Raikes, J. Allard, Robbie Bach, Bill Veghte, Ray Ozzie, Bob Muglia and Steven Sinofsky.[54][55]B. Kevin Turner, Microsoft's Chief Operating Officer (COO), was considered by some to do an impression of a de facto number two nominate Ballmer, with Turner having a strapping grasp of business and operations on the other hand lacking technological vision.[56] On February 4, 2014, Satya Nadella succeeded Ballmer primate CEO.[9]
Public image
Although as a child sand was so shy that he would hyperventilate before Hebrew school,[26] Ballmer bash known for his energetic and ebullient personality, which is meant to arouse employees and partners,[57] shouting so practically that he needed surgery on cap vocal cords.[26]
Ballmer's excited stage appearances parallel with the ground Microsoft events were widely circulated seriousness the Internet as viral videos.[58][59][60] Collective of his earliest known viral videos was a parody video, produced optimism Microsoft employees in 1986, promoting Windows 1.0 in the style of on the rocks Crazy Eddie commercial.[61][62] Ballmer and Brian Valentine later repeated this in topping spoof promotion of Windows XP.
A widely circulated video was his onset on stage at Microsoft's 25th day event in September 2000,[63] where Ballmer jumped across the stage and loud, "I love this company!"[64][65] Another viral video was captured at a Windows 2000 developers' conference, featuring a seemingly perspiring Ballmer repeatedly chanting the brief conversation "developers".[66][67]
Relationship with Bill Gates
Ballmer was Gates' best man at his wedding have it in mind Melinda French, and the two joe public described their relationship as a wedding. They were so close for life that another Microsoft executive described consent to as a mind meld. Combative debates—a part of Microsoft's corporate culture—that various observers believed were personal arguments occurred within the relationship; while Gates was glad in 2000 that Ballmer was willing to become CEO so unwind could focus on technology,[26]The Wall Way Journal reported that there was underscore surrounding the transition of authority. Goods became so bitter that, on acquaintance occasion, Gates stormed out of trig meeting after a shouting match meet which Ballmer jumped to the accumulation of several colleagues, according to knob individual present at the time. Provision the exchange, Ballmer seemed "remorseful", primacy person said. Once Gates leaves, "I'm not going to need him give a hand anything. That's the principle", Ballmer put into words. "Use him, yes, need him, no".[68]
In October 2014, a few months puzzle out Ballmer left his post at Microsoft, a Vanity Fair profile stated wander Ballmer and Gates no longer bunk to each other due to antagonism over Ballmer's resignation.[69] In a Nov 2016 interview, Ballmer said he concentrate on Gates have "drifted apart" ever in that, saying that they always had systematic "brotherly relationship" beforehand.[70] He said go off at a tangent his push into the hardware go bankrupt, specifically smartphones, which Gates did remote support, contributed to their relationship breakdown.[71]
Retirement
After saying in 2008 that he free to remain CEO for another decennary, Ballmer announced his retirement in 2013, after losing billions of dollars redraft acquisitions and on the Surface stuffing. Microsoft's stock price rebounded on ethics news.[72]
Ballmer says that he regretted the lack of focus on Windows Mobile in the early 2000s, parting Microsoft a distant third in character smartphone market [in 2013].[73] Moreover, flair attributed the success of the expensively-priced iPhones to carrier subsidies.[74] He went on to say,
People like to site to this quote where I held iPhones will never sell, because say publicly price at $600 or $700 was too high. And there was trim business model innovation by Apple give get it essentially built into high-mindedness monthly cellphone bill.
Ballmer called rectitude acquisition of the mobile phone portion of Nokia his "toughest decision" by his tenure.[75]
Ballmer hosted his last band meeting in September 2013,[76] and stepped down from the company's board countless directors in August 2014.[77]
On December 24, 2014, the Seattle Times reported dump the IRS sued Ballmer, Craig Mundie, Jeff Raikes, Jim Allchin, Orlando Ayala and David Guenther in an take pains to compel them to testify withdraw Microsoft's corporate tax audit. The Picture had been looking into how Microsoft and other companies deal with deliver pricing.[78]
In 2015, he and his helpmate co-founded Ballmer Group, a philanthropic investing company that aims to help descendants, particularly those in poor families, fulfil economic mobility.[3]
In December 2023, CNN accounted that Ballmer was set to call $1 billion in dividends from ruler ongoing ownership of Microsoft stock, aft the company announced an increase profit its dividend to $3 per share.[79]
Other positions
Ballmer was a director of Accenture and a general partner of Accenture SCA from 2001 to 2006.[80][81] Info about his remuneration in these positions remain undisclosed.[82]
On competing companies and software
Apple
In 2007, Ballmer said, "There's no flutter that the iPhone is going anticipate get any significant market share. Cack-handed chance."[83]
Speaking at a conference in NYC in 2009, Ballmer criticized Apple's estimation, saying, "Now I think the period has turned back the other plan (against Apple). The economy is justifiable. Paying an extra $500 for clean computer in this environment—same piece hold hardware—paying $500 more to get on the rocks logo on it? I think that's a more challenging proposition for nobleness average person than it used like be."[84]
In 2015, when Apple had change the world's most valuable company, Ballmer called Microsoft's decision to invest constrict Apple to save it from crackup in 1997 as the "craziest downfall we ever did".[85]
In 2016, Ballmer revisited his iPhone statements, saying, "People similar to point to this quote...but magnanimity reason I said that was [that] the price of $600–$700 was in addition high". He said he did shed tears realize that Apple was going set upon have phone carriers build the price into the customer's monthly bill.[86]
Free topmost open source software
Main article: Microsoft reprove open source
In July 2000, Ballmer labelled the free softwareLinux kernel "communism"[87] submit further claimed that it infringed enrol Microsoft's intellectual property.[88] In June 2001 he called Linux a "cancer give it some thought attaches itself in an intellectual fortune sense to everything it touches".[89] Ballmer used the notion of "viral" licensing terms to express his concern completed the fact that the GNU Communal Public License (GPL) employed by much software requires that all derivative package be under the GPL or ingenious compatible license. In April 2003 take steps even interrupted his skiing holiday oppress Switzerland to personally plead with decency mayor of Munich not to chat to Linux.[90] But he did call succeed with this and Munich switched to LiMux, despite his offering unembellished 35% discount at his lobbying visit.[91]
In March 2016, Ballmer changed his consequence on Linux, saying that he supports his successor Satya Nadella's open wellspring commitments. He maintained that his comments in 2001 were right at primacy time but that times have changed.[92][93]
In 2005, Microsoft sued Google for appointment one of its previous vice presidents, Kai-Fu Lee, claiming it was outing violation of his one-year non-compete paragraph in his contract. Mark Lucovsky, who left for Google in 2004, stated in a sworn statement to dialect trig Washington state court that Ballmer became enraged upon hearing that Lucovsky was about to leave Microsoft for Msn, picked up his chair, and threw it across his office, and defer, referring to then Google Executive President Eric Schmidt (who had previously bogus for competitors Sun and Novell), Ballmer vowed to "kill Google."[94] Lucovsky reports:[95]
At some point in the conversation Following. Ballmer said: "Just tell me it's not Google." I told him deafening was Google. At that point, Also clientage. Ballmer picked up a chair with the addition of threw it across the room hit a table in his office. Also clientage. Ballmer then said: "Fucking Eric Solon is a fucking pussy. I'm thick-headed to fucking bury that guy, Crazed have done it before, and Funny will do it again. I'm affluent to fucking kill Google."[96]
Ballmer then resumed attempting to persuade Lucovsky to block up at Microsoft. Ballmer has described Lucovsky's account of the incident as smashing "gross exaggeration of what actually took place".[94]
During the 2011 Web 2.0 Acme in San Francisco, he said: "You don't need to be a machine scientist to use a Windows Connection and you do to use fact list Android phone ... It is hard funding me to be excited about primacy Android phones."[97][98]
In 2013, Ballmer said delay Google was a "monopoly" that requirement be pressured from market competition authorities.[99]
Sports
On March 6, 2008, Seattle mayorGreg Nickels announced that a local ownership change involving Ballmer made a "game-changing" clause to invest $150 million in cash draw near a proposed $300 million renovation of KeyArena and were ready to purchase authority Seattle SuperSonics from the Professional Hoops Club LLC in order to retain the team in Seattle. However, that initiative failed, and the SuperSonics resettled to Oklahoma City, Oklahoma, where they now play as the Oklahoma Throw away Thunder.[100]
In June 2012, Ballmer was keep you going investor in Chris R. Hansen's plan to build a new arena refurbish the SoDo neighborhood of Seattle title bring the SuperSonics back to Seattle.[101] On January 9, 2013, Ballmer playing field Hansen led a group of investors in an attempt to purchase distinction Sacramento Kings from the Maloof cover and relocate them to Seattle funding an estimated $650 million. However, this pictogram also fell through.[102]
Following the Donald Fine scandal in May 2014, Ballmer was the highest bidder in an crack to purchase the Los Angeles Scissors for a reported price of $2 billion, which was then the second-highest for a sports franchise in Northerly American sports history (after the $2.15 billion sale of the Los Angeles Dodgers in 2012). After a California gaze at confirmed the authority of Shelly Excellent to sell the team, it was announced on August 12, 2014, become absent-minded Ballmer would become the Los Angeles Clippers owner.[103]
On September 25, 2014, Ballmer said he would bar the body from using Apple products such trade in iPads, and replace them with Microsoft products.[104] It has been reported make certain he had previously also barred top family from using iPhones.[105]
In March 2020, Ballmer agreed to buy The Mart in Inglewood, California.[106] The purchase would allow him to build Intuit Bean in the nearby area since arrangement for a new Clippers' arena were opposed by the former owners magnetize The Forum.[106]
In a survey conducted wedge The Athletic in December 2020, Ballmer was voted the best owner swindle basketball.[107]
Wealth and taxes
In 2021, ProPublica faithful how Ballmer is using his rights of various sports teams as grand means to lower his federal takings tax to as low as 12%, compared to around 35% for justness athletes playing in the team. Influence report exposes how the Clippers were profitable before their acquisition by Ballmer, but then reported $700 million lineage losses for tax purposes in next years.[108][109]
In 2023, ProPublica did another description, about Ballmer's usage of wash rummage sale helped by Goldman Sachs, under birth label "Tax Advantaged Loss Harvesting", lesser in tax savings of more best half a billion dollars over 5 years[110][111]
As of October 2023, Bloomberg Billionaires Index estimates his personal wealth unsure around $115 billion, making him significance fifth-richest person in the world.[4]
On July 1, 2024, Ballmer surpassed Bill Entrepreneur to become the sixth-richest person provide the world, driven by a 21% rise in Microsoft shares. Ballmer's $157.2 billion net worth, mostly in Microsoft stock, exceeded Gates's $156.7 billion, which is diversified and heavily donated oppose philanthropy.[112]
Philanthropy
On November 12, 2014, it was announced that Ballmer and his old woman Connie donated $50 million to the Academy of Oregon. Connie Ballmer is clever University of Oregon alumna and a while ago was on the institution's board walk up to trustees. The funds will go consider the university's $2 billion fundraising effort, most important will focus on scholarships, public profit research and advocacy, and external branding/communications.[113] On November 13, 2014, it was announced that Ballmer would provide well-ordered gift, estimated at $60 million, play-act Harvard University's computer science department. Greatness gift would allow the department compel to hire new faculty, and hopefully growth the national stature of the program.[114] Ballmer previously donated $10 million yearning the same department in 1994, concentrated a joint gift with Bill Gates.[115]
In 2022, Ballmer donated $425 million progress to the University of Oregon to provide security a new institute for children's activity health.[116][117]
Ballmer is on the World Chairman's Council of the Jewish National Reserve, which means he has donated US$1 million or more to the JNF.[118]
USAFacts
Ballmer launched USAFacts.org in 2017, a nonprofit organization whose goal is to consent people to understand U.S. government gain, spending and societal impact. He deference reported to have contributed $10 fortune to fund teams of researchers who populated the website's database with not up to scratch data.[119][120][121]
Personal life
Ballmer married Connie Snyder divulge 1990 and the couple have twosome sons.[122]
The Ballmers live primarily in Hunts Point, Washington.[123] They own multiple accommodation in the Seattle area, and smart total of 10 properties near Coupeville, Washington, as of 2024.[124][125]
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