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1,001,583 Views ā¢ Aug 29, 2022 ā¢ Click to toggle off description
Where almost all other billionaires got their fortunes from investments, inheritances or starting their own companies, Ballmer got there be taking over from Bill Gates to be the CEO of Microsoft between 2000 and 2014.
Ballmer was an old school businessman, which was arguably what the growing tech company needed at the time. During his tenure Ballmer tripled the companyās sales and doubled their profits by focusing on big ticket products for businesses.
Ballmer was rewarded for this performance with massive bonuses, mostly coming form of Microsoft stock which has become the source of his huge personal fortune.
Big bonuses donāt mean he was necessarily a great CEO however.
Investors criticize him for focusing too much on business products and missing out on new tech trends like smartphones.
Despite his sales performance he is probably best known by Microsoft employees for the time he held a funeral for the iPhone because he believed the windows phone was going to make the apple product irrelevant.
#shorts
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Edited By: Andrew Gonzales
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Select Footage Courtesy of: Getty Images
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
Views : 1,001,583
Genre: Education
Date of upload: Aug 29, 2022 ^^
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RYD date created : 2024-06-17T18:12:54.341294Z
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YouTube Comments - 637 Comments
Top Comments of this video!! :3
Steve Ballmer is the reason my brother drinks on the job
1.8K |
āI try to invest in businesses that are so wonderful that an idiot can run them.Ā Because sooner or later, one will.ā
622 |
"most billionaires get their money from investments but not this guy, he got his money from investments" š
2.1K |
As a developer myself, I can tell you it's important to remember "developers developers developers", because Microsoft forgot.
114 |
I'm ok with the focus on SQL Server especially as it has become a juggernaut that does everything wonderfully.
B2B sales are less fickle than consumer products. He solidified a base for the company that allowed it to do whatever it wanted into the future.
92 |
My guy famously said āWeāre selling millions and millions of phone a year and apple is selling zero phones hah $500 is ridiculous nobodyās gonna buy a phone without a keyboardā
133 |
"Developers developers developers developers," It's funny but he was right
172 |
He also caused many key players to be fired or leave the company due to his new policies, so Microsoft lost a lot of talented people.
419 |
Heās like a business version of Drax.
13 |
The world's luckiest roommate.
205 |
I'ma start looking for a billionaire to divorce š
616 |
A CEO doesn't have a 9-5
103 |
You think CEO is a 9-5 job?
21 |
Donāt forget the colossal failure his laughing at the iPod was only to make the zune which everyone forgot about until guardians of the galaxy made fun of it when starlord got one and was told it was the next big thing.
54 |
Imagine what Microsoft couldāve done if they spent those bonuses on more developers and engineers
126 |
Dude literally lit capital on fire for most of his career, and was rewarded handsomely for it.
5 |
I've been working with or for MS since '99... I had no idea about the funeral. We tend to remember him for all the screaming.
5 |
Iām a software engineer that uses a ton of windows services and frameworks. Honestly very glad he worked on software and infrastructure improvements rather than the shiny new thing
3 |
The idea that taking a C-Suite job is the same as working a 9-5 isā¦. Hilarious
3 |
@blockobondify
1 year ago
All I can hear in my head is him screaming ādevelopers developers developersā
2.8K |