A confident Ballmer leaves Microsoft 'completely' to run the Clippers
By Catholic Online (NEWS CONSORTIUM)
8/20/2014 (2 years ago)
Catholic Online (www.catholic.org)
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.
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.
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for FEBRUARY 2017
Comfort for the Afflicted. That all those who are afflicted, especially the poor, refugees, and marginalized, may find welcome and comfort in our communities.
The world waits with bated breath for a big announcement due from NASA on Wednesday. The announcement will take place at 1 PM Eastern time. ... continue reading
A Nevada state senator has proposed a bill that would protect citizens from being implanted with RFID chips. The bill, proposed by a ... continue reading
FOUR CLOSE CALLS in four weeks: Scientists wonder what's going on as four asteroids pass dangerously close to Earth Watch
Whoa, that's close! As the world worries about an asteroid due to pass Earth on February 25, a much closer shave is happening right now. ... continue reading
Astronomers think they have discovered a galaxy that is 99.9 percent dark matter. If true, the discovery is unprecedented. LOS ANGELES, CA ... continue reading
The world is closer to nuclear war than it has been in decades, and few people are paying attention. The Bulletin of Atomic Scientists have ... continue reading
by Catholic Online
- Daily Readings for Monday, February 27, 2017
- Abortions at sea? Dutch ship captured by Guatemalan military for the ...
- California could REBEL against Obama AND Trump and build its own ...
- Your Daily Inspirational Meme: Faith Is Believing
- Pope Francis makes history by celebrating Christ alongside an ...
- St. Leander of Seville: Saint of the Day for Monday, February 27, 2017
- Oarfish strandings in Philippines could mean massive quake coming HD ...
- St. Dominic Savio HD
- Clinton contributor makes revealing 'life insurance' video over fear of assassination HD
- Daily Reading for Tuesday, February 28th, 2017 HD
- Daily Reading for Monday, February 27th, 2017 HD
Copyright 2017 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 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.