Steven Ballmer – Computers & Software – United States

 

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Steven Ballmer – Computers & Software – United States

 

Main Page: Top 100 Billionaires 2006

 

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Steven Ballmer

 

Field - Computers & Software

Citizenship - United States

Age - 50

Net worth (US $ billion) - 13.6

Country of Residence - United States 

 

Content derived from Wikipedia article on Steve Ballmer

 

Steve Anthony Ballmer Born: March 24, 1956

Detroit, Michigan

Occupation: CEO, Microsoft

Net worth:  $14.0 billion USD (2006)

 

Steven Anthony Ballmer (born March 24, 1956 in Detroit, Michigan) is an American businessman and has been the chief executive officer of Microsoft Corporation since January 2000. Ballmer is the first person 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. In its 2006 "World's Richest People" ranking, Forbes magazine ranked Ballmer as the 24th richest person in the world, with an estimated wealth of $13.6 billion.

 

Contents

 

1 Early life and education

2 Career

3 Public persona

3.1 Viral videos

3.2 On competition

4 Portrayals

5 References

6 External links

 

Early life and education

 

Ballmer was born in Detroit, Michigan. His father, Frederick Ballmer, was a Swiss immigrant who worked as a translator during the Nuremberg war crime trials, and his mother was Beatrice Dworkin Ballmer, daughter of a Jewish immigrant from Pinsk, Russia (now Belarus); his maternal grandfather ran an automobile junkyard in Detroit.[1] Ballmer grew up with his younger sister in Farmington Hills near Detroit, where his father worked as a manager at Ford Motor Company. It was said in a Time article that although Ballmer was worth $14 billion, he drove a Lincoln Continental, as a sign of loyalty to his father, who worked at Ford for 30 years, and as a sign of loyalty to his hometown.[2]

 

During his studies at the Detroit Country Day School, Ballmer was the manager of the school's basketball team. In 1973, he graduated from school with a grade point average of 4.0 and was the valedictorian of his class. He scored a perfect 800 on the math SAT[3] and competed in math tournaments. Ballmer was then admitted to Harvard College. During his freshman year he developed a close friendship with his dormmate, Bill Gates, a friendship that continued even after Gates dropped out of Harvard to start his own software company, Microsoft. At Harvard, Ballmer was the advertising manager for both The Harvard Crimson and The Harvard Advocate. He graduated magna cum laude with a Bachelor of Arts degree in applied mathematics and economics in 1977.

 

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Career

 

After graduation, Ballmer worked for two years at Procter & Gamble as an assistant product manager before enrolling in Stanford Graduate School of Business to get a Master of Business Administration degree. He dropped out of Stanford a year later when Gates persuaded him to work at Microsoft. Ballmer became Microsoft's 24th employee on June 11, 1980, the first business manager hired by Gates. He was initially offered a salary of $50,000 as well as a percentage of ownership of the company. When Microsoft was incorporated in 1981, Ballmer owned 8% of the company.

 

Ballmer has headed several divisions within Microsoft, including Operating Systems Development, Operations, and Sales and Support. In July 1998, he was promoted to president, and on January 13, 2000, he was named chief executive officer when Gates stepped down from that position.

 

While Gates retains control of technological vision, Ballmer handles company finances. In 2003, Ballmer sold 8.3% of his shareholdings, leaving him with a 4% stake in the company. The same year, Ballmer replaced Microsoft's employee stock options program, which had been instrumental in making early employees millionaires, with a stock grant program.[4]

 

Ballmer is currently the longest-serving employee of Microsoft after Gates. Ballmer married Connie Snyder (a Microsoft employee) and has three children. He is the uncle of former major league baseball player Ben Petrick.

 

Public persona

 

Ballmer's tendency to loudly and enthusiastically express himself is well known. A famous 1991 incident left his vocal cords requiring surgical repair after he screamed "Windows, Windows, Windows" continuously during a meeting in Japan.[5] With the advent of Internet video, such incidents have become increasingly infamous.

 

Viral videos

 

Footage featuring Ballmer during on-stage appearances at Microsoft events have been widely circulated on the internet, becoming what are known as "viral videos". The most famous of these is commonly titled "Dance Monkeyboy", and features Ballmer dancing around and screaming iradically on a stage for about 45 seconds after being introduced at an employee convention. More video, captured at a developers' conference just days later, featured a sweat-soaked Ballmer chanting the word "developers", at least fifteen times, in front of the bemused gathering.[6]

 

On competition

 

Ballmer is also known as a vocal critic of competing companies and their products. He has referred to the free Linux software system as a "[…] cancer that attaches itself in an intellectual property sense to everything it touches."[7] and earlier described it as having "[…] characteristics of communism that people love so very, very much about it."[8] In 2004, he made headlines by claiming that the most common format of music on iPods is "stolen".[9] During an interview with Fortune magazine, he was asked whether he used an iPod, and replied, "No, I do not. Nor do my children. My children--in many dimensions they're as poorly behaved as many other children, but at least on this dimension I've got my kids brainwashed: You don't use Google, and you don't use an iPod."[10]

 

According to one former employee's headline-grabbing allegations, this competitive nature has manifested itself more violently. In 2005, Mark Lucovsky alleged in a sworn statement to a Washington state court that Ballmer became highly enraged upon hearing that Lucovsky was about to leave Microsoft for Google. Lucovsky said Ballmer threw a chair across the room and shouted: "Fucking Eric Schmidt is a fucking pussy. I'm going to fucking bury that guy, I have done it before, and I will do it again. I'm going to fucking kill Google." Shortly after, he resumed trying to persuade Lucovsky to stay at Microsoft. Ballmer has described Lucovsky's account of the incident as a "gross exaggeration of what actually took place."[11]

 

Portrayals

 

Bad Boy Ballmer : The Man Who Rules Microsoft (2002), Fredric Alan Maxwell, ISBN 0-06-621014-3 (unauthorized biography)

The 1999 docudrama Pirates of Silicon Valley features Ballmer as a major character; he is played by actor John Di Maggio.

 

References

 

^ Sachs, David. "The Other Mr. Microsoft", Atlanta Jewish Times, February 18, 2000. Retrieved on 2007-01-26.

^ Maloney, Janice. "Mr. Surround-Sound", Time, August 03, 1998. Retrieved on 2007-01-26.

^ Karlgaard, Rich. "Microsoft's War Of Attrition", Forbes, March 19, 2001. Retrieved on 2007-01-26.

^ Fried, Ina. "Microsoft to award stock, nix options", CNet, 2003-07-08. Retrieved on 2006-12-03.

^ Dukcevich, Davide. "The Richest Of The Rich", Forbes, December 12, 2001. Retrieved on 2007-01-26.

^ "Why Ballmer's 'monkey boy' dance was a tour de force", ZDNet, August 24, 2001. Retrieved on 2007-01-26.

^ Wilcox, Joe, Stephen Shankland. "Why Microsoft is wary of open source", CNet, June 18, 2001. Retrieved on 2007-01-26.

^ Lea, Graham. "MS' Ballmer: Linux is communism", The Register, 31 July 2000. Retrieved on 2007-01-26.

^ McCue, Andy. "iPod users are music thieves says Ballmer", silicon.com, October 4, 2004. Retrieved on 2007-01-26.

^ Demos, Telis. "The sleeping giant goes on the offensive", Fortune Magazine, March 29, 2006. Retrieved on 2007-01-26.

^ "Microsoft CEO: 'I'm going to f---ing kill Google'", Sydney Morning Herald, September 3, 2005. Retrieved on 2007-01-26.

 

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Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Steve Ballmer

 

 

 

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