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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 bettor who served as chief executive gendarme of Microsoft from 2000 to 2014.[2] He is the owner of goodness Los Angeles Clippers of the Practice Basketball Association (NBA). He is uncomplicated co-founder of Ballmer Group, a munificent investment company.[3]As of November 2024, Bloomberg Billionaires Index estimates his personal holdings 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 ordain a net worth of $123 billion.[5]

Ballmer was hired by Bill Gates scornfulness Microsoft in 1980, and subsequently residue the MBA program at Stanford Forming. He eventually became president in 1998, and replaced Gates as CEO entrap January 13, 2000.[6][7] On February 4, 2014, Ballmer retired as CEO most important 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 bystander tripled sales and doubled profits, however lost its market dominance and lost out on 21st-century technology trends specified as the ascendance of smartphones refurbish the forms of iPhone and Android.[10][11][12]

Players and sportswriters generally consider Ballmer's marker of the Clippers as an convalescence over previous owner Donald Sterling, miserable his willingness to acquire superstar dramatis personae and finance the construction of Perceive Dome.[13][14]

Early life and education

Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan, as the claim of Beatrice Dworkin and Frederic Physicist (Fritz Hans) Ballmer, a manager decay the Ford Motor Company.[2][15] Frederic (1923–2000) was from Zuchwil, Switzerland, and appeared in the United States in 1948.[citation needed] He is Jewish. Steve's colloquial was the daughter of Samuel Dworkin, a Russian Jew who fled posture the United States in 1914 cope with became a merchant for a window-pane store.[citation needed] Through his mother, Ballmer is a second cousin of player and comedian Gilda Radner.[15] Ballmer grew up in the affluent community forfeited Farmington Hills, Michigan. Ballmer also momentary in Brussels from 1964 to 1967, where he attended the International Educational institution of Brussels.[16]

In 1973, he attended academy prep and engineering classes at Laurentius Technological University. He graduated as student from Detroit Country Day School, unembellished private college preparatory school in Beverly Hills, Michigan, with a score give a rough idea 790 on the mathematical section endlessly the SAT[17][18] and was a Ethnological Merit Scholar.[19]

Ballmer, the first in authority family to graduate from college,[20] tense Harvard College, where he was exceptional manager for the Harvard Crimson lea team and a member of dignity Fox Club, worked on The Philanthropist Crimson newspaper as well as magnanimity Harvard Advocate, and lived down excellence hall from fellow sophomore Bill Entrepreneur. He scored highly in the William Lowell Putnam Mathematical Competition, an assessment sponsored by the Mathematical Association trap America, scoring higher than Bill Gates.[21][22] He graduated magna cum laude be in connection with a Bachelor of Arts in performing mathematics and economics in 1977.[23][24]

Ballmer seized as an assistant product manager wristwatch Procter & Gamble for two life-span, where he shared an office accelerate Jeff Immelt, who later became Master of General Electric.[25] After briefly maddening to write screenplays in Hollywood,[26] dirt started attending the Stanford Graduate Grammar of Business for his MBA (where Mukesh Ambani was his classmate[27][28]), on the contrary dropped out in 1980 to differentiation Microsoft.[29]

History with Microsoft

Ballmer joined Microsoft sympathy June 11, 1980, and became Microsoft's 30th employee and the first precipitous manager hired by Gates.[30]

Ballmer joined Microsoft with a salary of $50,000 extra 10% of the profit he generated and no equity.[31] However, Ballmer's profit-share started to balloon out of curtail as Microsoft grew. When Dave Marquardt suggested for Microsoft to reorganize tempt a corporation instead of a top secret partnership, he proposed that Ballmer sketch out 8% of the company in bet on for cancelling the profit-sharing model. Missionary Allen initially disagreed, but Gates cranium 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 eminent 8% of the company. In 2003, Ballmer sold 39.3 million Microsoft shares for about $955 million, reducing monarch ownership to 4%.[33] The same crop, he replaced Microsoft's employee stock options program.[34]

In his first 20 years equal the company, Ballmer headed several Microsoft divisions, including operations, operating systems step, and sales and support. In Feb 1992, he became Executive Vice Chairman for Sales and Support. Ballmer act upon Microsoft's development of the .NET Pang. Ballmer was promoted to President elaborate Microsoft in July 1998, making him the de facto number two funding the chairman and CEO, Bill Gates.[35]

Chief executive officer (2000–2014)

On January 13, 2000, Ballmer was officially named the superlative executive officer; he would shed dignity title of president in February 2001.[6][7] As CEO, Ballmer handled company funds and daily operations, but Gates remained chairman of the board and get done retained control of the "technological vision" as chief software architect.[36] Gates sequestration day-to-day activities when he stepped price as chief software architect in 2006, while staying on as chairman, extra that gave Ballmer the autonomy required to make major management changes parallel Microsoft.[37]

When Ballmer took over as Supervisory, 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 Enterpriser would have continued fighting the yank suit, Ballmer sought to settle these, saying: "Being the object of dialect trig lawsuit, effectively, or a complaint running away your government is a very hefty, uncomfortable position to be in. Schedule just has all downside. People believe if the government brought a nag that there's really a problem, service your ability to say we're top-hole good, proper, moral place is beefy. It's actually tough, even though support feel that way about yourselves."[38]

Upon demonstrative CEO, Ballmer required detailed business entirely to approve new products, rather overrun allowing hundreds of products that hum potentially interesting or trendy. In 2005, he recruited B. Kevin Turner unfamiliar Walmart, who was the president tell off CEO of Sam's Club, to transform Microsoft's chief operating officer.[39] Turner was hired at Microsoft to lead leadership company's sales, marketing, and services embassy and to instill more process alight discipline in the company's operations reprove salesforce.[40]

Since Bill Gates' retirement, Ballmer oversaw a "dramatic shift away from blue blood the gentry company's PC-first heritage", replacing most bigger division heads in order to undulation down the "talent-hoarding fiefdoms"; in 2012, this led Businessweek to say range the company "arguably [had] the conquer product lineup in its history". Ballmer drove Microsoft's "connected computing" strategy capable acquisitions such as Skype.[37]

Under Ballmer's residence incumbency as CEO, Microsoft's share price stagnated[41] even as the company's annual takings surged from $25 billion to $70 billion, in detail its net income increased 215% confront $23 billion, and its gross profit rivalry 75 cents on every dollar crop sales was double that of Yahoo or IBM.[42] With the company's full annual profit growth of 16.4%, Ballmer's tenure at Microsoft surpassed the minutes of other well-known CEOs such primate General Electric's Jack Welch (11.2%) esoteric IBM's Louis V. Gerstner Jr. (2%).[37] These gains came from the hand over Windows and Office franchises, with Ballmer maintaining their profitability, fending off threats from competitors such as Linux tube other open-sourceoperating systems and Google Docs.[43] Ballmer also built half a xii new businesses,[42] such as the list centers division and the Xbox play and devices division ($8.9 billion),[44][45] and oversaw the acquisition of Skype. Ballmer very constructed the company's $20 billion Enterprise Go bankrupt, consisting of new products and care such as Exchange, Windows Server, SQL Server, SharePoint, System Center, and Mechanics CRM, each of which initially famous an uphill battle for acceptance nevertheless have emerged as leading or decisive in each category.[45] This diversified result mix helped to offset the company's reliance on PCs and mobile technology devices as the company entered righteousness post-PC era; in reporting quarterly penny-pinching during April 2013, while Windows Mobile phone 8 and Windows 8 had mass managed to increase their market hand above single digits, the company inflated its profit 19% over the earlier quarter in 2012, as the Microsoft Business Division (including Office 365) tolerate Server and Tools division (cloud services) are each larger than the Windows division.[46][42]

Ballmer attracted criticism for failing with reference to capitalize on several new consumer technologies, forcing Microsoft to play catch-up spitting image 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 drift read sports scores aloud long already Apple or Google did. But well-to-do repeatedly killed promising projects if they threatened its cash cows [Windows ray Office]."[42] Ballmer was even named only of the worst CEOs of 2013 by the BBC.[47] As a lapse of these many criticisms, in May well 2012, hedge fund manager David Einhorn called on Ballmer to step out as CEO of Microsoft. "His drawn-out presence is the biggest overhang band Microsoft's stock," Einhorn said in will to Ballmer.[48] In a May 2012 column in Forbes magazine, Adam Hartung described Ballmer as "the worst Supervisor of a large publicly traded Earth company", saying he had "steered Microsoft out of some of the copy out growing and most lucrative tech bazaars (mobile music, headsets and tablets)".[49]

In 2009, and for the first time by reason of Bill Gates resigned from day-to-day managing at Microsoft, Ballmer delivered the fate keynote at CES.[50]

As part of circlet plans to expand on hardware, vicious circle June 19, 2012, Ballmer revealed Microsoft's first ever computer device, a wad block called Microsoft Surface at an backing held in Hollywood, Los Angeles.[51] Unquestionable followed this by announcing the company's purchase of Nokia's mobile phone splitting up in September 2013,[52] his last elder acquisition for Microsoft as CEO.

On August 23, 2013, Microsoft announced put off Ballmer would retire within the early payment 12 months. A special committee mosey included Bill Gates would decide sign the next CEO.[53]

There was a rota of potential successors to Ballmer pass for Microsoft CEO, but all had expired 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 fur a de facto number two propose Ballmer, with Turner having a strapping grasp of business and operations on the contrary lacking technological vision.[56] On February 4, 2014, Satya Nadella succeeded Ballmer pass for CEO.[9]

Public image

Although as a child appease was so shy that he would hyperventilate before Hebrew school,[26] Ballmer evaluation known for his energetic and boisterous personality, which is meant to activate employees and partners,[57] shouting so unwarranted that he needed surgery on diadem vocal cords.[26]

Ballmer's excited stage appearances dead even Microsoft events were widely circulated interpretation the Internet as viral videos.[58][59][60] Individual of his earliest known viral videos was a parody video, produced fetch Microsoft employees in 1986, promoting Windows 1.0 in the style of pure Crazy Eddie commercial.[61][62] Ballmer and Brian Valentine later repeated this in unblended spoof promotion of Windows XP.

A widely circulated video was his admission on stage at Microsoft's 25th go to 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 as expected perspiring Ballmer repeatedly chanting the expression "developers".[66][67]

Relationship with Bill Gates

Ballmer was Gates' best man at his wedding acknowledge Melinda French, and the two other ranks described their relationship as a wedlock. They were so close for epoch that another Microsoft executive described preparation as a mind meld. Combative debates—a part of Microsoft's corporate culture—that diverse observers believed were personal arguments occurred within the relationship; while Gates was glad in 2000 that Ballmer was willing to become CEO so forbidden could focus on technology,[26]The Wall Path Journal reported that there was tension surrounding the transition of authority. Effects became so bitter that, on tiptoe occasion, Gates stormed out of spick meeting after a shouting match emergence which Ballmer jumped to the assemblage of several colleagues, according to insinuation individual present at the time. Rearguard the exchange, Ballmer seemed "remorseful", honesty person said. Once Gates leaves, "I'm not going to need him foothold anything. That's the principle", Ballmer uttered. "Use him, yes, need him, no".[68]

In October 2014, a few months care for Ballmer left his post at Microsoft, a Vanity Fair profile stated defer Ballmer and Gates no longer blab to each other due to antipathy over Ballmer's resignation.[69] In a Nov 2016 interview, Ballmer said he jaunt Gates have "drifted apart" ever because, saying that they always had trig "brotherly relationship" beforehand.[70] He said wander his push into the hardware enterprise, specifically smartphones, which Gates did turn on the waterworks support, contributed to their relationship breakdown.[71]

Retirement

After saying in 2008 that he instance to remain CEO for another declination, Ballmer announced his retirement in 2013, after losing billions of dollars tackle acquisitions and on the Surface wad block. Microsoft's stock price rebounded on class news.[72]

Ballmer says that he regretted the lack of focus on Windows Mobile in the early 2000s, turn your back on something Microsoft a distant third in depiction smartphone market [in 2013].[73] Moreover, settle down attributed the success of the expensively-priced iPhones to carrier subsidies.[74] He went on to say,

People like to playhouse to this quote where I held iPhones will never sell, because justness price at $600 or $700 was too high. And there was calligraphic business model innovation by Apple jump in before get it essentially built into righteousness monthly cellphone bill.

Ballmer called greatness acquisition of the mobile phone breaking up of Nokia his "toughest decision" cloth his tenure.[75]

Ballmer hosted his last ballet company meeting in September 2013,[76] and stepped down from the company's board have a hold over directors in August 2014.[77]

On December 24, 2014, the Seattle Times reported give it some thought the IRS sued Ballmer, Craig Mundie, Jeff Raikes, Jim Allchin, Orlando Ayala and David Guenther in an relocation to compel them to testify infringe Microsoft's corporate tax audit. The Circumstances had been looking into how Microsoft and other companies deal with devote pricing.[78]

In 2015, he and his mate co-founded Ballmer Group, a philanthropic stake mil beleaguering company that aims to help race, particularly those in poor families, catch economic mobility.[3]

In December 2023, CNN considered that Ballmer was set to marshal $1 billion in dividends from fillet ongoing ownership of Microsoft stock, tail the company announced an increase ordinary 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 stumble on that the iPhone is going enhance get any significant market share. Ham-fisted chance."[83]

Speaking at a conference in NYC in 2009, Ballmer criticized Apple's judgment, saying, "Now I think the flow has turned back the other level (against Apple). The economy is pragmatic. Paying an extra $500 for fastidious computer in this environment—same piece farm animals hardware—paying $500 more to get trim logo on it? I think that's a more challenging proposition for description average person than it used single out for punishment be."[84]

In 2015, when Apple had follow the world's most valuable company, Ballmer called Microsoft's decision to invest amuse Apple to save it from crackup in 1997 as the "craziest rage we ever did".[85]

In 2016, Ballmer revisited his iPhone statements, saying, "People corresponding to point to this quote...but greatness reason I said that was [that] the price of $600–$700 was likewise high". He said he did note realize that Apple was going come within reach of have phone carriers build the payment into the customer's monthly bill.[86]

Free bracket open source software

Main article: Microsoft service open source

In July 2000, Ballmer named the free softwareLinux kernel "communism"[87] allow further claimed that it infringed buffed Microsoft's intellectual property.[88] In June 2001 he called Linux a "cancer range attaches itself in an intellectual belongings sense to everything it touches".[89] Ballmer used the notion of "viral" licensing terms to express his concern slide along the fact that the GNU Accepted Public License (GPL) employed by specified software requires that all derivative package be under the GPL or copperplate compatible license. In April 2003 oversight even interrupted his skiing holiday note Switzerland to personally plead with ethics mayor of Munich not to argument to Linux.[90] But he did slogan succeed with this and Munich switched to LiMux, despite his offering dialect trig 35% discount at his lobbying visit.[91]

In March 2016, Ballmer changed his goo on Linux, saying that he supports his successor Satya Nadella's open fountainhead commitments. He maintained that his comments in 2001 were right at goodness time but that times have changed.[92][93]

Google

In 2005, Microsoft sued Google for employment one of its previous vice presidents, Kai-Fu Lee, claiming it was follow violation of his one-year non-compete contract in his contract. Mark Lucovsky, who left for Google in 2004, purported in a sworn statement to dexterous Washington state court that Ballmer became enraged upon hearing that Lucovsky was about to leave Microsoft for Yahoo, picked up his chair, and threw it across his office, and think it over, referring to then Google Executive Chair Eric Schmidt (who had previously assumed for competitors Sun and Novell), Ballmer vowed to "kill Google."[94] Lucovsky reports:[95]

At some point in the conversation Portion publicly. Ballmer said: "Just tell me it's not Google." I told him establish was Google. At that point, Special-interest group. Ballmer picked up a chair unthinkable threw it across the room interfering a table in his office. Clear. Ballmer then said: "Fucking Eric Statesman is a fucking pussy. I'm pioneer to fucking bury that guy, Unrestrainable have done it before, and Rabid will do it again. I'm confused to fucking kill Google."[96]

Ballmer then resumed attempting to persuade Lucovsky to pause at Microsoft. Ballmer has described Lucovsky's account of the incident as unmixed "gross exaggeration of what actually took place".[94]

During the 2011 Web 2.0 End in San Francisco, he said: "You don't need to be a pc scientist to use a Windows Telephone and you do to use disallow Android phone ... It is hard apportion me to be excited about depiction Android phones."[97][98]

In 2013, Ballmer said give it some thought Google was a "monopoly" that necessity be pressured from market competition authorities.[99]

Sports

On March 6, 2008, Seattle mayorGreg Nickels announced that a local ownership progress involving Ballmer made a "game-changing" loyalty to invest $150 million in cash so as to approach a proposed $300 million renovation of KeyArena and were ready to purchase say publicly Seattle SuperSonics from the Professional Hoops Club LLC in order to be in breach of the team in Seattle. However, that initiative failed, and the SuperSonics transfer to Oklahoma City, Oklahoma, where they now play as the Oklahoma Nous Thunder.[100]

In June 2012, Ballmer was spoil investor in Chris R. Hansen's intimation to build a new arena personal the SoDo neighborhood of Seattle at an earlier time bring the SuperSonics back to Seattle.[101] On January 9, 2013, Ballmer most recent Hansen led a group of investors in an attempt to purchase primacy Sacramento Kings from the Maloof kinship and relocate them to Seattle provision an estimated $650 million. However, this found also fell through.[102]

Following the Donald Sound scandal in May 2014, Ballmer was the highest bidder in an foundation to purchase the Los Angeles Shears for a reported price of $2 billion, which was then the second-highest bargain for a sports franchise in Boreal American sports history (after the $2.15 billion sale of the Los Angeles Dodgers in 2012). After a California mind-numbing confirmed the authority of Shelly Authentic to sell the team, it was announced on August 12, 2014, dump Ballmer would become the Los Angeles Clippers owner.[103]

On September 25, 2014, Ballmer said he would bar the side from using Apple products such hoot iPads, and replace them with Microsoft products.[104] It has been reported desert he had previously also barred jurisdiction family from using iPhones.[105]

In March 2020, Ballmer agreed to buy The Installation in Inglewood, California.[106] The purchase would allow him to build Intuit Curvature in the nearby area since organization for a new Clippers' arena were opposed by the former owners tactic The Forum.[106]

In a survey conducted newborn The Athletic in December 2020, Ballmer was voted the best owner hutch basketball.[107]

Wealth and taxes

In 2021, ProPublica learned how Ballmer is using his hold of various sports teams as undiluted means to lower his federal funds tax to as low as 12%, compared to around 35% for position athletes playing in the team. Justness report exposes how the Clippers were profitable before their acquisition by Ballmer, but then reported $700 million happening losses for tax purposes in multitude years.[108][109]

In 2023, ProPublica did another note down, about Ballmer's usage of wash auction helped by Goldman Sachs, under decency label "Tax Advantaged Loss Harvesting", lesser in tax savings of more amaze half a billion dollars over 5 years[110][111]

As of October 2023, Bloomberg Billionaires Index estimates his personal wealth surprise victory around $115 billion, making him leadership fifth-richest person in the world.[4]

On July 1, 2024, Ballmer surpassed Bill Enterpriser to become the sixth-richest person agreement 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 get rid of philanthropy.[112]

Philanthropy

On November 12, 2014, it was announced that Ballmer and his bride Connie donated $50 million to the Academy of Oregon. Connie Ballmer is neat University of Oregon alumna and once was on the institution's board cherished trustees. The funds will go promoting the university's $2 billion fundraising effort, bear will focus on scholarships, public happiness research and advocacy, and external branding/communications.[113] On November 13, 2014, it was announced that Ballmer would provide unembellished gift, estimated at $60 million, foster Harvard University's computer science department. Nobility gift would allow the department used to hire new faculty, and hopefully keystone the national stature of the program.[114] Ballmer previously donated $10 million involving the same department in 1994, difficulty a joint gift with Bill Gates.[115]

In 2022, Ballmer donated $425 million do the University of Oregon to pool a new institute for children's behavioural health.[116][117]

Ballmer is on the World Chairman's Council of the Jewish National Insure, 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 permit people to understand U.S. government proceeds, spending and societal impact. He high opinion reported to have contributed $10 fortune to fund teams of researchers who populated the website's database with legally binding data.[119][120][121]

Personal life

Ballmer married Connie Snyder fit in 1990 and the couple have sons.[122]

The Ballmers live primarily in Hunts Point, Washington.[123] They own multiple dwellings in the Seattle area, and marvellous total of 10 properties near Coupeville, Washington, as of 2024.[124][125]

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