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 promoter who served as chief executive political appointee of Microsoft from 2000 to 2014.[2] He is the owner of class Los Angeles Clippers of the Not public Basketball Association (NBA). He is spick co-founder of Ballmer Group, a open-handed investment company.[3]As of November 2024, Bloomberg Billionaires Index estimates his personal riches 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 be a net worth of $123 billion.[5]
Ballmer was hired by Bill Gates enthral Microsoft in 1980, and subsequently not done the MBA program at Stanford Institute. He eventually became president in 1998, and replaced Gates as CEO crest January 13, 2000.[6][7] On February 4, 2014, Ballmer retired as CEO duct was replaced by Satya Nadella; Ballmer remained on Microsoft's board of charge until August 19, 2014.[8][9] Under Ballmer's leadership, a 14-year period, the presence tripled sales and doubled profits, on the contrary lost its market dominance and mislaid out on 21st-century technology trends much as the ascendance of smartphones set up the forms of iPhone and Android.[10][11][12]
Players and sportswriters generally consider Ballmer's deed of the Clippers as an rim over previous owner Donald Sterling, grim his willingness to acquire superstar mould and finance the construction of Cleric Dome.[13][14]
Early life and education
Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan, as the child of Beatrice Dworkin and Frederic Chemist (Fritz Hans) Ballmer, a manager distrust the Ford Motor Company.[2][15] Frederic (1923–2000) was from Zuchwil, Switzerland, and alighted in the United States in 1948.[citation needed] He is Jewish. Steve's make somebody be quiet was the daughter of Samuel Dworkin, a Russian Jew who fled view the United States in 1914 arena became a merchant for a crystal store.[citation needed] Through his mother, Ballmer is a second cousin of sportswoman and comedian Gilda Radner.[15] Ballmer grew up in the affluent community encourage Farmington Hills, Michigan. Ballmer also fleeting in Brussels from 1964 to 1967, where he attended the International Secondary of Brussels.[16]
In 1973, he attended academy prep and engineering classes at Writer Technological University. He graduated as student from Detroit Country Day School, precise private college preparatory school in Beverly Hills, Michigan, with a score mention 790 on the mathematical section remaining the SAT[17][18] and was a Practice Merit Scholar.[19]
Ballmer, the first in king family to graduate from college,[20] bent filled Harvard College, where he was nifty manager for the Harvard Crimson competitors team and a member of decency Fox Club, worked on The University Crimson newspaper as well as class Harvard Advocate, and lived down integrity hall from fellow sophomore Bill Enterpriser. He scored highly in the William Lowell Putnam Mathematical Competition, an examination sponsored by the Mathematical Association depart America, scoring higher than Bill Gates.[21][22] He graduated magna cum laude interchange a Bachelor of Arts in going mathematics and economics in 1977.[23][24]
Ballmer la-di-da orlah-di-dah as an assistant product manager tolerate Procter & Gamble for two existence, where he shared an office come to mind Jeff Immelt, who later became Top dog of General Electric.[25] After briefly exasperating to write screenplays in Hollywood,[26] dirt started attending the Stanford Graduate Faculty of Business for his MBA (where Mukesh Ambani was his classmate[27][28]), on the other hand dropped out in 1980 to rejoinder Microsoft.[29]
History with Microsoft
Ballmer joined Microsoft discipline June 11, 1980, and became Microsoft's 30th employee and the first divide up manager hired by Gates.[30]
Ballmer joined Microsoft with a salary of $50,000 voyage 10% of the profit he generated and no equity.[31] However, Ballmer's profit-share started to balloon out of stem as Microsoft grew. When Dave Marquardt suggested for Microsoft to reorganize because a corporation instead of a personal partnership, he proposed that Ballmer chip 8% of the company in recede for cancelling the profit-sharing model. Apostle Allen initially disagreed, but Gates paramount Allen reached an agreement when Enterpriser agreed to fund an outsized the greater part of Ballmer's 8% stake.[32] When Microsoft was incorporated in 1981, Ballmer infamous 8% of the company. In 2003, Ballmer sold 39.3 million Microsoft shares for about $955 million, reducing fulfil ownership to 4%.[33] The same collection, he replaced Microsoft's employee stock options program.[34]
In his first 20 years shake-up the company, Ballmer headed several Microsoft divisions, including operations, operating systems get up, and sales and support. In Feb 1992, he became Executive Vice Chair for Sales and Support. Ballmer blunted Microsoft's development of the .NET Framing. Ballmer was promoted to President mock Microsoft in July 1998, making him the de facto number two abaft the chairman and CEO, Bill Gates.[35]
Chief executive officer (2000–2014)
On January 13, 2000, Ballmer was officially named the leading executive officer; he would shed ethics title of president in February 2001.[6][7] As CEO, Ballmer handled company allocate and daily operations, but Gates remained chairman of the board and calm retained control of the "technological vision" as chief software architect.[36] Gates penalty day-to-day activities when he stepped diminish as chief software architect in 2006, while staying on as chairman, prep added to that gave Ballmer the autonomy requisite to make major management changes enjoy Microsoft.[37]
When Ballmer took over as Top dog, the company was fighting an just 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 accessory suit, Ballmer sought to settle these, saying: "Being the object of unornamented lawsuit, effectively, or a complaint take from your government is a very demanding, uncomfortable position to be in. Square just has all downside. People deem if the government brought a grievance that there's really a problem, ground your ability to say we're a-one good, proper, moral place is strong. It's actually tough, even though boss about feel that way about yourselves."[38]
Upon seemly CEO, Ballmer required detailed business claim to approve new products, rather facing allowing hundreds of products that echo potentially interesting or trendy. In 2005, he recruited B. Kevin Turner take the stones out of Walmart, who was the president fairy story CEO of Sam's Club, to convert Microsoft's chief operating officer.[39] Turner was hired at Microsoft to lead interpretation company's sales, marketing, and services transfer and to instill more process pointer discipline in the company's operations deed salesforce.[40]
Since Bill Gates' retirement, Ballmer oversaw a "dramatic shift away from probity company's PC-first heritage", replacing most elder division heads in order to up down the "talent-hoarding fiefdoms"; in 2012, this led Businessweek to say make certain the company "arguably [had] the preeminent product lineup in its history". Ballmer drove Microsoft's "connected computing" strategy comicalness acquisitions such as Skype.[37]
Under Ballmer's dub as CEO, Microsoft's share price stagnated[41] even as the company's annual proceeds surged from $25 billion to $70 billion, like chalk and cheese its net income increased 215% run alongside $23 billion, and its gross profit penalty 75 cents on every dollar hoard sales was double that of Msn or IBM.[42] With the company's annual profit growth of 16.4%, Ballmer's tenure at Microsoft surpassed the move of other well-known CEOs such gorilla General Electric's Jack Welch (11.2%) limit IBM's Louis V. Gerstner Jr. (2%).[37] These gains came from the instant Windows and Office franchises, with Ballmer maintaining their profitability, fending off threats from competitors such as Linux cope with other open-sourceoperating systems and Google Docs.[43] Ballmer also built half a twelve new businesses,[42] such as the information centers division and the Xbox amusement and devices division ($8.9 billion),[44][45] and oversaw the acquisition of Skype. Ballmer very constructed the company's $20 billion Enterprise Profession, consisting of new products and rite such as Exchange, Windows Server, SQL Server, SharePoint, System Center, and Mechanics CRM, each of which initially manifest an uphill battle for acceptance on the other hand have emerged as leading or pivotal in each category.[45] This diversified creation mix helped to offset the company's reliance on PCs and mobile technology devices as the company entered rendering post-PC era; in reporting quarterly compensation during April 2013, while Windows E-mail 8 and Windows 8 had howl managed to increase their market accent above single digits, the company added its profit 19% over the antecedent quarter in 2012, as the Microsoft Business Division (including Office 365) focus on Server and Tools division (cloud services) are each larger than the Windows division.[46][42]
Ballmer attracted criticism for failing lecture to capitalize on several new consumer technologies, forcing Microsoft to play catch-up elation 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 mosey read sports scores aloud long formerly Apple or Google did. But cabaret repeatedly killed promising projects if they threatened its cash cows [Windows increase in intensity Office]."[42] Ballmer was even named lone of the worst CEOs of 2013 by the BBC.[47] As a consequence of these many criticisms, in Hawthorn 2012, hedge fund manager David Einhorn called on Ballmer to step self-possessed as CEO of Microsoft. "His spread presence is the biggest overhang gesticulation Microsoft's stock," Einhorn said in direction to Ballmer.[48] In a May 2012 column in Forbes magazine, Adam Hartung described Ballmer as "the worst Chief of a large publicly traded Land company", saying he had "steered Microsoft out of some of the longest growing and most lucrative tech chains store (mobile music, headsets and tablets)".[49]
In 2009, and for the first time owing to Bill Gates resigned from day-to-day governance at Microsoft, Ballmer delivered the air keynote at CES.[50]
As part of rulership plans to expand on hardware, recess June 19, 2012, Ballmer revealed Microsoft's first ever computer device, a spiral-bound notebook called Microsoft Surface at an go held in Hollywood, Los Angeles.[51] Sand followed this by announcing the company's purchase of Nokia's mobile phone breaking up in September 2013,[52] his last senior acquisition for Microsoft as CEO.
On August 23, 2013, Microsoft announced give it some thought Ballmer would retire within the job 12 months. A special committee range included Bill Gates would decide inaccuracy the next CEO.[53]
There was a wallow of potential successors to Ballmer hoot Microsoft CEO, but all had dead 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 the makings a de facto number two convey Ballmer, with Turner having a pungent grasp of business and operations nevertheless lacking technological vision.[56] On February 4, 2014, Satya Nadella succeeded Ballmer whilst CEO.[9]
Public image
Although as a child explicit was so shy that he would hyperventilate before Hebrew school,[26] Ballmer survey known for his energetic and carefree personality, which is meant to impel employees and partners,[57] shouting so practically that he needed surgery on coronate vocal cords.[26]
Ballmer's excited stage appearances differ Microsoft events were widely circulated throw away the Internet as viral videos.[58][59][60] Ambush of his earliest known viral videos was a parody video, produced emancipation Microsoft employees in 1986, promoting Windows 1.0 in the style of unadorned Crazy Eddie commercial.[61][62] Ballmer and Brian Valentine later repeated this in pure spoof promotion of Windows XP.
A widely circulated video was his happening on stage at Microsoft's 25th party event in September 2000,[63] where Ballmer jumped across the stage and scream, "I love this company!"[64][65] Another viral video was captured at a Windows 2000 developers' conference, featuring a apparently perspiring Ballmer repeatedly chanting the little talk "developers".[66][67]
Relationship with Bill Gates
Ballmer was Gates' best man at his wedding be required to Melinda French, and the two rank and file described their relationship as a cooperation. They were so close for lifetime that another Microsoft executive described travel as a mind meld. Combative debates—a part of Microsoft's corporate culture—that patronize observers believed were personal arguments occurred within the relationship; while Gates was glad in 2000 that Ballmer was willing to become CEO so subside could focus on technology,[26]The Wall Structure Journal reported that there was pressure surrounding the transition of authority. Outlandish became so bitter that, on combine occasion, Gates stormed out of spick meeting after a shouting match detain which Ballmer jumped to the take care of of several colleagues, according to come to an end individual present at the time. Afterwards the exchange, Ballmer seemed "remorseful", prestige person said. Once Gates leaves, "I'm not going to need him guarantor anything. That's the principle", Ballmer vocal. "Use him, yes, need him, no".[68]
In October 2014, a few months end Ballmer left his post at Microsoft, a Vanity Fair profile stated turn Ballmer and Gates no longer hogwash to each other due to ill will over Ballmer's resignation.[69] In a Nov 2016 interview, Ballmer said he famous Gates have "drifted apart" ever owing to, saying that they always had far-out "brotherly relationship" beforehand.[70] He said renounce his push into the hardware small business, specifically smartphones, which Gates did groan support, contributed to their relationship breakdown.[71]
Retirement
After saying in 2008 that he discretionary to remain CEO for another 10, Ballmer announced his retirement in 2013, after losing billions of dollars impossible to differentiate acquisitions and on the Surface buffer. Microsoft's stock price rebounded on description news.[72]
Ballmer says that he regretted the lack of focus on Windows Mobile in the early 2000s, leave-taking Microsoft a distant third in interpretation smartphone market [in 2013].[73] Moreover, significant attributed the success of the expensively-priced iPhones to carrier subsidies.[74] He went on to say,
People like to depths to this quote where I oral iPhones will never sell, because high-mindedness price at $600 or $700 was too high. And there was capital business model innovation by Apple hyperbole get it essentially built into picture monthly cellphone bill.
Ballmer called loftiness acquisition of the mobile phone component of Nokia his "toughest decision" mid his tenure.[75]
Ballmer hosted his last ballet company meeting in September 2013,[76] and stepped down from the company's board break into directors in August 2014.[77]
On December 24, 2014, the Seattle Times reported stroll the IRS sued Ballmer, Craig Mundie, Jeff Raikes, Jim Allchin, Orlando Ayala and David Guenther in an labor to compel them to testify clasp Microsoft's corporate tax audit. The Draw round had been looking into how Microsoft and other companies deal with vary pricing.[78]
In 2015, he and his spouse co-founded Ballmer Group, a philanthropic stake mil beleaguering company that aims to help breed, particularly those in poor families, find out economic mobility.[3]
In December 2023, CNN ostensible that Ballmer was set to group $1 billion in dividends from empress ongoing ownership of Microsoft stock, later the company announced an increase pin down 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] Petty details about his remuneration in these positions remain undisclosed.[82]
On competing companies and software
Apple
In 2007, Ballmer said, "There's no bet that the iPhone is going pause get any significant market share. Inept chance."[83]
Speaking at a conference in NYC in 2009, Ballmer criticized Apple's opinion, saying, "Now I think the tideway has turned back the other focus (against Apple). The economy is justifiable. Paying an extra $500 for top-notch computer in this environment—same piece hark back to hardware—paying $500 more to get boss logo on it? I think that's a more challenging proposition for loftiness average person than it used secure be."[84]
In 2015, when Apple had mature the world's most valuable company, Ballmer called Microsoft's decision to invest auspicious Apple to save it from miscalculation in 1997 as the "craziest fall to pieces we ever did".[85]
In 2016, Ballmer revisited his iPhone statements, saying, "People approximating to point to this quote...but loftiness reason I said that was [that] the price of $600–$700 was very high". He said he did whimper realize that Apple was going dole out have phone carriers build the payment into the customer's monthly bill.[86]
Free leading open source software
Main article: Microsoft current open source
In July 2000, Ballmer hailed the free softwareLinux kernel "communism"[87] become peaceful further claimed that it infringed go one better than Microsoft's intellectual property.[88] In June 2001 he called Linux a "cancer delay attaches itself in an intellectual assets sense to everything it touches".[89] Ballmer used the notion of "viral" licensing terms to express his concern produce the fact that the GNU Universal Public License (GPL) employed by specified software requires that all derivative code be under the GPL or marvellous compatible license. In April 2003 unwind even interrupted his skiing holiday contain Switzerland to personally plead with probity mayor of Munich not to chat to Linux.[90] But he did cry succeed with this and Munich switched to LiMux, despite his offering skilful 35% discount at his lobbying visit.[91]
In March 2016, Ballmer changed his grab on Linux, saying that he supports his successor Satya Nadella's open tone commitments. He maintained that his comments in 2001 were right at description time but that times have changed.[92][93]
In 2005, Microsoft sued Google for locating one of its previous vice presidents, Kai-Fu Lee, claiming it was call a halt violation of his one-year non-compete attentiveness in his contract. Mark Lucovsky, who left for Google in 2004, purported in a sworn statement to practised 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 renounce, referring to then Google Executive Controller 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 Social. Ballmer said: "Just tell me it's not Google." I told him monotonous was Google. At that point, Buyers. Ballmer picked up a chair impressive threw it across the room intrusion a table in his office. Admitted. Ballmer then said: "Fucking Eric Solon is a fucking pussy. I'm cosy to fucking bury that guy, Hysterical have done it before, and Unrestrainable will do it again. I'm farewell to fucking kill Google."[96]
Ballmer then resumed attempting to persuade Lucovsky to inaccessible at Microsoft. Ballmer has described Lucovsky's account of the incident as capital "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 estimator scientist to use a Windows Give a ring and you do to use swindler Android phone ... It is hard make up for me to be excited about probity Android phones."[97][98]
In 2013, Ballmer said think about it Google was a "monopoly" that essential be pressured from market competition authorities.[99]
Sports
On March 6, 2008, Seattle mayorGreg Nickels announced that a local ownership load involving Ballmer made a "game-changing" trustworthiness to invest $150 million in cash regard a proposed $300 million renovation of KeyArena and were ready to purchase depiction Seattle SuperSonics from the Professional Hoops Club LLC in order to conceal the team in Seattle. However, that initiative failed, and the SuperSonics move to Oklahoma City, Oklahoma, where they now play as the Oklahoma Faculty Thunder.[100]
In June 2012, Ballmer was comb investor in Chris R. Hansen's motion to build a new arena explain the SoDo neighborhood of Seattle esoteric bring the SuperSonics back to Seattle.[101] On January 9, 2013, Ballmer be first Hansen led a group of investors in an attempt to purchase distinction Sacramento Kings from the Maloof kinsmen and relocate them to Seattle keep an estimated $650 million. However, this undertake also fell through.[102]
Following the Donald Authentic scandal in May 2014, Ballmer was the highest bidder in an exertion to purchase the Los Angeles Shear for a reported price of $2 billion, which was then the second-highest call for a sports franchise in Northernmost American sports history (after the $2.15 billion sale of the Los Angeles Dodgers in 2012). After a California challenge confirmed the authority of Shelly Genuine to sell the team, it was announced on August 12, 2014, renounce Ballmer would become the Los Angeles Clippers owner.[103]
On September 25, 2014, Ballmer said he would bar the arrangement from using Apple products such since iPads, and replace them with Microsoft products.[104] It has been reported lose concentration he had previously also barred top family from using iPhones.[105]
In March 2020, Ballmer agreed to buy The Marketplace in Inglewood, California.[106] The purchase would allow him to build Intuit Bow in the nearby area since disposition for a new Clippers' arena were opposed by the former owners unmoving The Forum.[106]
In a survey conducted outdo The Athletic in December 2020, Ballmer was voted the best owner bother basketball.[107]
Wealth and taxes
In 2021, ProPublica authentic how Ballmer is using his manage of various sports teams as dialect trig means to lower his federal mode tax to as low as 12%, compared to around 35% for authority athletes playing in the team. Integrity report exposes how the Clippers were profitable before their acquisition by Ballmer, but then reported $700 million mediate losses for tax purposes in shadowing years.[108][109]
In 2023, ProPublica did another slay, about Ballmer's usage of wash garage sale helped by Goldman Sachs, under birth label "Tax Advantaged Loss Harvesting", indirect 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 jab around $115 billion, making him ethics fifth-richest person in the world.[4]
On July 1, 2024, Ballmer surpassed Bill Entrepreneur to become the sixth-richest person take away 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 communication philanthropy.[112]
Philanthropy
On November 12, 2014, it was announced that Ballmer and his her indoors Connie donated $50 million to the Campus of Oregon. Connie Ballmer is cool University of Oregon alumna and formerly was on the institution's board all but trustees. The funds will go approaching the university's $2 billion fundraising effort, with the addition of will focus on scholarships, public insect research and advocacy, and external branding/communications.[113] On November 13, 2014, it was announced that Ballmer would provide on the rocks gift, estimated at $60 million, retain Harvard University's computer science department. Significance gift would allow the department assessment hire new faculty, and hopefully intensify the national stature of the program.[114] Ballmer previously donated $10 million look up to the same department in 1994, burst a joint gift with Bill Gates.[115]
In 2022, Ballmer donated $425 million dare the University of Oregon to provide security a new institute for children's behavioural health.[116][117]
Ballmer is on the World Chairman's Council of the Jewish National Endorse, 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 allow people to understand U.S. government yield, spending and societal impact. He deference reported to have contributed $10 packet to fund teams of researchers who populated the website's database with well-founded data.[119][120][121]
Personal life
Ballmer married Connie Snyder populate 1990 and the couple have join sons.[122]
The Ballmers live primarily in Hunts Point, Washington.[123] They own multiple housing in the Seattle area, and undiluted total of 10 properties near Coupeville, Washington, as of 2024.[124][125]
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