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Do any Fortune 500 boards have diversity in socioeconomic status?
Well, there's 29 German companies in the Fortune 500, and all of them are required to have half of the board be elected by the workers, so I imagine some of them should have socioeconomic diversity.
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Somewhat diverse by race and gender. Completely non-diverse in terms of socioeconomic status, which may have been jayzalowitz's point. (Or may not. Maybe there wasn't a point except some drive-by snark. It's hard to tell with a post like that.)
Is anyone actually advocating for diversity of socioeconomic status on boards? Board members need to be highly skilled and experienced in business, which I would guess correlates very well with wealth.
Yes.
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I mean, it is pretty diverse for a corporate board. About a third women, couple people of color including the CEO and chairman. That's well ahead of the curve.
Somewhat diverse by race and gender. Completely non-diverse in terms of socioeconomic status, which may have been jayzalowitz's point. (Or may not. Maybe there wasn't a point except some drive-by snark. It's hard to tell with a post like that.)
I hope he left because he is satisfied with the job the rest of the board is doing. Yes, Microsoft caused a lot of damage during the monopoly days. The tech industry needs a healthy, competitive Microsoft - at the very least to keep a check on other companies.
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Most of the board members seem to be partners at various investment firms. Many of them don't seem to even remotely tech people. It's kind of sad that the Microsoft board lacks any external visionaries.
At a huge company like Microsoft the board isn't really a great place for visionaries. It's much better at things like helping the CEO understand the thoughts of large institutional investors that provide Microsoft with capital. A visionary is better suited as a "special advisor" to someone... like the role that Bill Gates is keeping.
Also stepped down from the Berkshire board as well. Given that he stepped away from a day to day role in 2008 and then stepped down as the chairman in 2014, I'm guessing he's focusing on his foundation. He's still the 8th largest shareholder according to Bloomberg's records(103,000,000 share), which is pretty impressive given that the 7 entities above him are all funds. Incase you wanted to know who the remaining 12…
Steve Ballmer has a far larger position in Microsoft than Gates does. Ballmer has $52.9 billion in Microsoft stock presently (333m shares), per Bloomberg. A little over three times that of Gates.
Ballmer appears to be the third largest holder, behind Blackrock (which has 515m shares).
Also stepped down from the Berkshire board as well. Given that he stepped away from a day to day role in 2008 and then stepped down as the chairman in 2014, I'm guessing he's focusing on his foundation. He's still the 8th largest shareholder according to Bloomberg's records(103,000,000 share), which is pretty impressive given that the 7 entities above him are all funds. Incase you wanted to know who the remaining 12…
Kind of odd, being an employee there, I've never heard of eleven of the twelve board members before.
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I really despise the US habit of worshipping of the wealthy.
I'm pretty sure Bill Gates is worshipped for more than his wealth. Growing up, he was the stereotypical wunderkind and people would say about smart kids "going to be the next Bill Gates". Come on, I was there to type in Microserf and M$ when Microsoft was fucking everyone with the SCO bullshit. That was infuriating, as was all the crap around FAT and NTFS. But you rarely find the combo of technologist and smart busin…
I don't think he was ever comfortable with that, and this allows him and his wife to work on interesting problems without causing political problems for MSFT.
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Is anyone actually advocating for diversity of socioeconomic status on boards? Board members need to be highly skilled and experienced in business, which I would guess correlates very well with wealth.
> Is anyone actually advocating for diversity of socioeconomic status on boards? Yes.