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Microsoft… His name is Steve Ballmar (If you didn’t know him, now you do!)

steve ballmer 1

Oh boy, If you don’t know him… here’s the quick 411: Steve Ballmer is CEO of Microsoft and is the second person after Roberto Goizueta(Former CEO of Coke, who died in 1997) 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 Forbes 2008 World’s Richest People ranking, Ballmer was ranked the 43rd richest person in the world, with an estimated wealth of $11 billion.

Ballmer joined Microsoft on June 11, 1980, and became Microsoft’s 24th employee, 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 percent of the company.   In January 2000, he was officially named chief executive officer. As CEO Ballmer handled company finances, however Gates still retained control of the “technological vision.” 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. While CEO of Microsoft in 2008, he earned a total compensation of $1,350,834, which included a base salary of $640,833, and a cash bonus of $700,000.  (He’s also a Harvard Graduate… FYI)

Steve Ballmar Four Words: “I Love this Company”

Steve Ballmar Laughing on the Apple iPhone

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June 14, 2009 Posted by | Business, Finance, Information Technology (I.T.) | , , , , , | Comments Off on Microsoft… His name is Steve Ballmar (If you didn’t know him, now you do!)