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____/ Phil Da Lick! on Tuesday 23 September 2008 07:28 : \____
> Roy Schestowitz wrote:
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>>
>> Ballmer sets a new (and potentially much later) retirement date
>>
>> ,----[ Quote ]
>> | According to scuttlebutt from Microsoft’s annual employee meeting, which
>> | was held in Seattle on September 18, Ballmer told attendees that he is
>> | going to stay on at Microsoft until Microsoft’s search share exceeds
>> | Google’s.
>> `----
>>
>> http://blogs.zdnet.com/microsoft/?p=1599
>
>
> Aw shit, looks like we're stuck with him. But then again, since he took
> over MS has tanked the big one so maybe its better in the long run?
Actually, someone once told me that Gates had stepped down because of other
issues that may merely persist:
"For instance, Microsoft, the world’s most valuable company, declared a profit
of $4.5 billion in 1998; when the cost of options awarded that year, plus the
change in the value of outstanding options, is deducted, the firm made a loss
of $18 billion, according to Smithers."
http://etheridge.ca/articles/economist-options.html
Also (much more recent):
“Nathan Myhrvold: The genesis of this idea was when I was at Microsoft. We had
a problem with patent liability. All these people were coming to sue us or
demand payment. And Bill (Gates) asked me to think about if there was a
solution. This is what I came up with.”
http://online.wsj.com/article/SB122142717791833671.html
We live in interesting times.
- --
"There is such an overvaluation of technology stocks that it is absurd. I would
include our stock in that category. It is bad for the long-term worth of the
economy."
--Steve Ballmer, Microsoft's CEO
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