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Entrepreneurship

Steve Ballmer: The Story Of A Successful CEO

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Entrepreneurship

Somanjana Chowdhury

19 Apr,2016

Steve Ballmer, the American businessman and former CEO of Microsoft, have always made sure that the products of his company work out of the box for the customers. He believes in the culture of self-improvement not only for the company but also in his own life.

1. Steven Anthony ‘Steve’ Ballmer is an American businessman who was the chief executive officer of Microsoft from January 2000 to February 2014

2.

He is the owner of the Los Angeles Clippers

3. As of May 11, 2015, his personal wealth is estimated at US$ 22.7 billion, ranking number 21 on the Forbes 400

4.

On February 4, 2014, Ballmer retired as CEO and was succeeded by Satya Nadella; Ballmer resigned from the Board of Directors on August 19, 2014, to prepare for teaching a new class and for the start of the NBA season

5. 

On May 29, 2014, Ballmer placed a bid of $2 billion to purchase the Los Angeles Clippers of the National Basketball Association (NBA) after NBA commissioner Adam Silver forced Donald Sterling to sell the team

6. Ballmer was born in Detroit, the son of Beatrice Dworkin and Frederic Henry Ballmer, a manager at the Ford Motor Company

7. He joined Microsoft on June 11, 1980, and became Microsoft's 30th employee, the first business manager hired by Gates

8.

Ballmer was initially offered a salary of $50,000 as well as a percentage of ownership of the company

9. When Ballmer took over as CEO, the company was fighting an antitrust 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 Gates would have continued fighting the suit, Ballmer made it his priority to settle those

10. 

Under Ballmer's tenure as CEO, Microsoft's annual revenue surged from $25 billion to $70 billion, while its net income increased 215 percent to $23 billion, and its gross profit of 75 cents on every dollar in sales is double that of Google or International Business Machines Corp

11. Ballmer attracted criticism for failing to capitalize on several new consumer technologies, forcing Microsoft to play catch-up in the areas of tablet computing, smartphones and music players with mixed results

12.

Ballmer is known for his energetic and exuberant personality, which is meant to motivate employees and partners. His flamboyant stage appearances at Microsoft events are widely circulated on the Internet as viral videos

13. The Wall Street Journal has reported that there was tension surrounding the 2000 transition of authority from Bill Gates to Ballmer. Things became so bitter that, on one occasion, Gates stormed out of a meeting in a huff after a shouting match in which Ballmer jumped to the defense of several colleagues, according to an individual present at the time. After the exchange, Ballmer seemed ‘remorseful’, the person said. Once Gates leaves, "I'm not going to need him for anything. That's the principle," Ballmer said. "Use him, yes, need him, no."

14.

Ballmer was the second person after Roberto Goizueta to become a billionaire in U.S. dollars based on stock options received as an employee of a corporation in which he was neither a founder nor a relative of a founder

The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn't think they could learn before, and so in a sense, it is all about potential.” – Steve Ballmer

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Somanjana Chowdhury

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