It must really hurt the self-esteem of a CEO when they announce retirement and the stock goes up. That being said, it's about time. Microsoft has had too much misdirection lately and really needs to either pull it together or drop out of some of its markets.
Maybe. It can't help his self-esteem.
On the other hand the stock was trading around that price just a few weeks ago. He must realize how fickle the market is.
Let me tell you an anecdote why I think Ballmer was incompetent and largely responsible for the sorry state that Microsoft is in at the moment. Yesterday there was a long article in the Israeli newspaper Globes about the success of the Israeli adware companies. Israel has in recent years become a world leader in software that installs unwanted toolbars on your elderly dad and mom's PC and "monetizes" them until they…
Can you provide the source about the part " Microsoft actually has affiliate agreements with these companies to take a slice of the profits"?
I remember the Microsoft deal with Conduit [1], but can't dig up anything that links Microsoft with Babylon.
Interestingly, that link implies that Conduit had a deal with Google before they got a better deal for switching to Bing.
He'll be remembered as a terrible CEO. Ballmer took over as CEO in 2000. In the 13 years since then, Apple has experienced an unprecedented resurgence. Google and Facebook have gone from being obscure startups to giants. The tech industry went through the bubble, recovered, and today is stronger than ever. What happened to Microsoft? While the rest of the tech sector exploded and prospered, it stayed still. A MSFT sh…
I agree that he will probably not be remembered for having more than doubled revenue and almost tripled profits. He will not be remembered for transforming Microsoft into one of the most important enterprise software companies. Not for introducing .NET, C# or Kinect either. All of that will be forgotten. He will be remembered for missing mobile. He will also be remembered for caring a lot about developers and about d…
And for missing search. And for missing social. And for insulting OEMs. And for his failed Windows Vista launch, and Windows 7, and Windows 8.
For one man, he sure has a lot of failures on his plate.
> If you think about it, what does the "within 12 months" part even mean? I'm not sure what part about that is confusing. In case you are ESL it means that Ballmer will retire before one year has elapsed. > Like, if the deadline hits, they'll just take whoever they can get? Running one of the largest, profitable and most prestigious companies in the world is a pretty good job. I'm pretty certain that there will be no…
I mean, a much more common way to do this is something like "has informed the company of his intention to retire as soon as a successor is announced." Or "announced he will retire at the end of the year and that the company’s board of directors has approved the promotion of X to CEO." Throwing a deadline in there is just odd.
It may be more common, but I think that if it's stated the first way, it seems less planned and deliberate and it's more likely to rattle the market - or at the very least, send the media off looking for nefarious, non-business-related reasons for the retirement. It's almost as bad as suddenly retiring to "spend more time with the family".
Let me tell you an anecdote why I think Ballmer was incompetent and largely responsible for the sorry state that Microsoft is in at the moment. Yesterday there was a long article in the Israeli newspaper Globes about the success of the Israeli adware companies. Israel has in recent years become a world leader in software that installs unwanted toolbars on your elderly dad and mom's PC and "monetizes" them until they…
Can you provide the source about the part " Microsoft actually has affiliate agreements with these companies to take a slice of the profits"?
Unfortunately I can't find anything in English, although Babylon was going to do an IPO in the US earlier this year, so you would expect there to be some information about them in English. The Hebrew article talks about how they are
"diversifying away" from Google by making affiliate agreements with Microsoft Bing and Yahoo. The Hebrew article is here: http://www.globes.co.il/news/article.aspx?did=1000874482.
What were the key Ballmer era highlights? == Negatives == * Clashes with Gates during CEO transition of power: http://online.wsj.com/article/SB121261241035146237.html * Developer relations / motivational speaking (thanks mathattack): https://www.youtube.com/watch?v=wvsboPUjrGc * Employee retention (thanks JonnieCache, Ziomislaw): http://www.smh.com.au/news/technology/microsoft-ceo-im-going... * Windows Phone: http://…
Here's the key Ballmer era highlight https://www.youtube.com/watch?v=wvsboPUjrGc
Yeah we all know it's that video, and then him throwing the chair at that guy.
What were the key Ballmer era highlights? == Negatives == * Clashes with Gates during CEO transition of power: http://online.wsj.com/article/SB121261241035146237.html * Developer relations / motivational speaking (thanks mathattack): https://www.youtube.com/watch?v=wvsboPUjrGc * Employee retention (thanks JonnieCache, Ziomislaw): http://www.smh.com.au/news/technology/microsoft-ceo-im-going... * Windows Phone: http://…
Huge news! Let's see what happens to the stock today. It edged up a little at the end of the day, suggesting that perhaps news was getting out. It's up 8% in premarket trading. [1] One interesting thing to note from that chart is their Beta (a measure of link to market volatility) is less than 1, which is very low for a high tech stock. It basically means that the market views them as less volatile to market conditio…
It's a strong assertion to say that it edged up based on news possibly getting out. After the NASDAQ halt yesterday the NASDAQ composite as a whole edged up. MSFT's movement looks correlated to this broader move.