This story via AllThingsD, who reported the amount that Ballmer made from his own resignation. Ballmer was CEO since January 2000. From the day he started as CEO in 2000, Microsoft lost over $350 billion in shareholder wealth (market cap). That's 2% of the entire U.S. stock market. It's 1.4x the value of IBM in lost shareholder value. Of course Ballmer himself amassed a $15 billion dollar fortune.
His best quote during his tenure selling bloatware, was that the iPhone had no chance of success. It now accounts for half of Apple's profits.
“There’s no chance that the iPhone is going to get any significant market share. No chance.”
Paid to Fail
We also learned this week that the CEO of Blackberry will win a $55 million dollar bonus for running his company into the ground. The recent news that the company is shopping itself around, means that their phone business is dead and the company is being sold for its patents and software. So everyone else at the company gets to lose their job. I submit that with all of these payoffs for failure - similar to what we say on Wall Street in 2008 - then we will see a lot more failure in the days to come.
Microshaft (Inflation adjusted and including dividends)
Paid $15+ Billion and a $750 Million "Quitting Bonus" To Lose Over 50% in 13 Years:
We also learned this week that the CEO of Blackberry will win a $55 million dollar bonus for running his company into the ground. The recent news that the company is shopping itself around, means that their phone business is dead and the company is being sold for its patents and software. So everyone else at the company gets to lose their job. I submit that with all of these payoffs for failure - similar to what we say on Wall Street in 2008 - then we will see a lot more failure in the days to come.
Microshaft (Inflation adjusted and including dividends)
Paid $15+ Billion and a $750 Million "Quitting Bonus" To Lose Over 50% in 13 Years:
Is This A Great Fucking System? Or What?
