Skip to content

A confident Ballmer leaves Microsoft 'completely' to run the Clippers

By Catholic Online (NEWS CONSORTIUM)
8/20/2014 (3 years ago)
Catholic Online (www.catholic.org)

Former CEO and board director confident in new CEO

Eight months after he ended his role as Microsoft CEO, Steve Ballmer resigned from Microsoft's board, a move that ends more than three decades of direct involvement in the world's largest software maker.

Steve Ballmer has left all positions of authority at Microsoft, leaving behind the tech giant to run the Los Angeles Clippers, for which Ballmer paid a record $2 billion.

Steve Ballmer has left all positions of authority at Microsoft, leaving behind the tech giant to run the Los Angeles Clippers, for which Ballmer paid a record $2 billion.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
8/20/2014 (3 years ago)

Published in Technology

Keywords: US, Technology, Microsoft


LOS ANGELES, CA (Catholic Online) - The 58-year-old, who recently purchased the Los Angeles Clippers for $2 billion, will still remain Microsoft's top individual shareholder.

You can make a true difference in this world with "prayer and action."

Ballmer's departure ends 34-years of Microsoft management; he was CEO from 2000 to February 2014. Under Ballmer, revenue tripled, even as tech giants Apple and Google emerged onto the scene as powerhouses to compete in the growing tech market.

"I want to be a great shareholder and I want to pay appropriate attention to my shares but between teaching classes and my new responsibilities at the Clippers and my civic duties, it's a lot," Ballmer said in an interview. "I love Microsoft."

This move is among the latest changes to Microsoft's board. In July, Microsoft named longtime wireless executive John Stanton to the board, and in March, Steve Luczo stepped down as director. Back in February, Microsoft co-founder Bill Gates stepped aside as chairman and to be replaced by John Thompson.

Ballmer posted a letter to Satya Nadella on Microsoft's website on August 18, where he said that he would "support and encourage boldness by management in my role as a shareholder in any way I can."

After the letter Nadella thanked Ballmer for his years at the company, saying that the former CEO created an "incredible foundation that we continue to build on."

An analyst at Pacific Crest Securities, Brendan Barnicle, said that Ballmer's exit creates room for Nadella to put his personal stamp on Microsoft.

"I think he recognizes that it's very hard for a new CEO to take the reins and have full authority with the old CEO on the board," Barnicle said.

Ballmer owns 333.3 million shares of Microsoft, the most by any individual shareholder after Gates sold 4.6 million shares in May. Ballmer has collected about $3.4 billion selling his shares since the company's 1986 initial public offering.

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2018 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for JANUARY 2018
Religious Minorities in Asia.
That Christians, and other religious minorities in Asian countries, may be able to practise their faith in full freedom.


Comments


More Technology

Twitter to ban 'way of talking' - could this include Christian speech? Watch

Image of Social media sites are increasing censorship, but will it affect Christian speech too?

Social media censorship is on the rise, prompting fears that Christian speech could be stifled. Recently, a Twitter engineer was caught on ... continue reading


Government official confirms aliens are real, so now what? Watch

Image of The aliens are real. So now what?

A couple weeks ago, Luis Elizondo, the former Pentagon head of a virtual X-Files program within the Department of Defense, broke the ... continue reading


Declassified video may be best evidence yet of UFOs Watch

Image of Infrared footage from the camera suggests the video is authentic.

Last week, a story surged in the media that may serve as the best evidence yet that Earth is being visited by extraterrestrials. While most ... continue reading


Stephen Hawking leading team listening for signals from alien object today Watch

Image of Oumuamua is thought to be an asteroid, but scientists are scrutinizing it, just in case it's something more.

A mysterious object passing through our solar system will be studied today to determine if it is transmitting a message. A team of ... continue reading


Here's when you'll see the first self-driving trucks on the road Watch

Image of Tesla plans delivery of the first self-driving trucks in 2019.

The self-driving trucks are coming soon. After years of predicting their imminent arrival on a highway near you, we finally have a date, ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Information
Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Services
Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on catholic.org

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Education
Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

Catholic Online MasterClass
Learn from experts

School Teachers
Teacher lesson plans & resources

Catholic Media Missionaries
The New Evangelization

Support Free Education
Tax deductible support Free education

Socials
Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2018 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2018 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.