Steve Ballmer's next chapter may be written on an NBA basketball court
After stepping down as CEO of Microsoft, Steve Ballmer has all the time (and all the money) in the world. What will he do with it all? Perhaps buy an NBA basketball team. Word on the web is that Steve Ballmer met with Shelly Sterling, estranged wife of Donald Sterling, to discuss buying the Los Angeles Clippers. Ballmer is one of several major figures and/or celebrities said to be interested in owning the Clippers.
Former Microsoft CEO Steve Ballmer, who last year expressed his desire to continue “as one of Microsoft’s largest owners,” is now officially the Redmond-based company’s largest individual owner, having just overtaken its co-founder and former chairman Bill Gates.
Microsoft's former chief is now unsure how long he'll remain on the board of directors
Steve Ballmer became of the face of Microsoft after being named the company's chief executive officer in January 2000. It's a demanding position, to say the least, and after 14 years at the helm, he finally relinquished the role, with Satya Nadella taking over last month. With his time suddenly freed up to think about things, Ballmer's been reflecting on what to do next and whether or not that includes remaining on Microsoft's board of directors.
Steve Ballmer's replacement was under Microsoft's nose the entire time
After announcing his impending retirement in August of last year and giving Microsoft 12 months to find a replacement, Steve Ballmer can now exit stage left for last time now that it has a new leader. Microsoft's board has named Satya Nadella Chief Executive Officer (CEO), promoting from within to fill the position for only the third time since Microsoft was founded 39 years ago in 1975.
Microsoft still mum on who will replace Steve Ballmer
Steve Ballmer's farewell tour as CEO of Microsoft will come to an end once the Redmond software giant names a replacement, though who will take the reins is still a mystery. Ford chief Alan Mulally was a name that kept coming up, right up until he broke his silence and said he planned to finish out his contract with Ford, which expires at the end of 2014. Now it seems that Ericsson boss Hans Vestberg has also taken himself out of the running.
There are at least a couple of different ways you can view parting advice from the not-yet-retired Chief Executive Officer of Microsoft. One is that if Steve Ballmer's management tips were truly worth their weight in gold, Microsoft wouldn't find itself in a position of having to restructure its organization and pressure the man in charge to let go of the reins. The other way to look at it is that Ballmer was (and still is, for the time being) in charge of the one of the biggest companies in the world, and though there have been some missteps -- especially towards the end -- he's managed several impressive accomplishments along the way, such as increasing Microsoft's revenue from $25 billion to $70 billion.
Odds on favorites are Alan Mulally from Ford and Stephen Elop previously from Nokia
Though the decision didn't come easy, Microsoft chief Steve Ballmer recognized it was time to step down and let someone else navigate the company through whatever roads are ahead of it. As such, Ballmer last August announced he would retire within 12 months, agreeing to hand over the reins as soon as Microsoft found a replacement. That search has been ongoing and it now appears Microsoft has dwindled down its list of candidates.
Steve Ballmer's final year at Microsoft is one that's been wrought with challenges and a few missteps, such as the $900 million charge the Redmond outfit took on unsold Surface inventory. In addition, Windows 8 sales haven't been as high as Microsoft hoped, which is largely the result of a slumping PC market in the wake of consumers turning their attention to mobile devices like smartphones and tablets.
Nobody expected Steve Ballmer to go quietly, and he didn't
Having announced his impending retirement at the conclusion of a 12-month (at the latest) search for a replacement chief, Steve Ballmer finds himself savoring several last moments. The most recent and so far the most emotional of those moments came during what is in all likelihood his last annual meeting with employees. It was essentially a farewell meeting, and it left Ballmer in tears.
“We don’t have our heads in the sand,” outgoing CEO tells the financial community
As we reported earlier today, outgoing Microsoft CEO Steve Ballmer on Thursday accused Google of being a monopoly and even admitted to having “discussed” the matter with competition authorities. But that wasn’t the only newsworthy bit to come out of Thursday’s event — Microsoft’s annual meeting with the financial community.