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Windows 7: Steve Ballmer Steps Down As Board Member At Microsoft

19 Aug 2014   #1
Brink

64-bit Windows 10 Pro
 
 
Steve Ballmer Steps Down As Board Member At Microsoft

Quote:
Dear Satya,

As I approach the six month mark of my retirement and your appointment as CEO, I have been reflecting on my life, my ongoing ownership of Microsoft stock, and my involvement with the company. I have reached some conclusions and wanted to share them with you. I know August is the key month during which the company starts to prepare the proxy statement for the next shareholders’ meeting, and so these thoughts are probably timely for that too.

First, Microsoft has been my life’s work and I am proud of that and excited by what I see in front of the company and this leadership team. There are challenges ahead but the opportunities are even larger. No company in the world has the mix of software skills, cloud skills, and hardware skills we have assembled. We draw talent as well as any company in the world. We have the profitability to invest in long-term opportunities and still deliver superior shorter term performance. You’re off to a bold and exciting start.

Microsoft will need to be bold and make big bets to succeed in this new environment. Writing great software is a tremendous accomplishment and selling software has been a fabulous business. In the mobile-first, cloud-first world, software development is a key skill, but success requires moving to monetization through enterprise subscriptions, hardware gross margins, and advertising revenues. Making that change while also managing the existing software business well requires a boldness and fearlessness that I believe the management team has. Our board must also support and encourage that fearlessness for shareholders to get the best performance from Microsoft. You must drive that.

I had not spent any time really contemplating my post-Microsoft life until my last day with the company. In the six months since leaving, I have become very busy. I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time. I have confidence in our approach of mobile-first, cloud-first, and in our primary innovation emphasis on platforms and productivity and the building of capability in devices and services as core business drivers. I hold more Microsoft shares than anyone other than index funds and love the mix of profits, investments and dividends returned in our stock. I expect to continue holding that position for the foreseeable future.

Given my confidence and the multitude of new commitments I am taking on now, I think it would be impractical for me to continue to serve on the board, and it is best for me to move off. The fall will be hectic between teaching a new class and the start of the NBA season so my departure from the board is effective immediately.

I bleed Microsoft — have for 34 years and I always will. I continue to love discussing the company’s future. I love trying new products and sending feedback. I love reading about what is going on at the company. Count on me to keep ideas and inputs flowing. The company will move to higher heights. I will be proud, and I will benefit through my share ownership. I promise to support and encourage boldness by management in my role as a shareholder in any way I can.

All the best,
Steve


SatyaNadella response to Steve Ballmer

Steve,

First, thank you for all of your support during my transition this year and for the past 34 years. It’s been a great privilege to have worked with you and learned from you. Under your leadership, we created an incredible foundation that we continue to build on — and Microsoft will thrive in the mobile-first, cloud-first world.

While your insights and leadership will be greatly missed as part of the board, I understand and support your decision.
As you embark on your new journey, I am sure that you will bring the same boldness, passion and impact to your new endeavors that you brought to Microsoft, and we wish you incredible success. I also look forward to partnering with you as a shareholder.

On behalf of all of Microsoft and the Board of Directors, thank you.

Satya
Source: Steve Ballmer steps down as board member at Microsoft


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19 Aug 2014   #2
Lady Fitzgerald

Win 7 Ultimate 64 bit
 
 

Ballsmore will be missed...like a sore tooth!
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19 Aug 2014   #3
Layback Bear

Windows 7 Pro. 64/SP-1
 
 

Sounds to me Mr. Ballmer dropped a big key note.

Quote:
I hold more Microsoft shares than anyone other than index funds.
To me that is a little warning.
If Microsoft Management goes to far off the Ballmer path it's going to cost the new management and maybe the company.

I don't know the percent of Microsoft shares that Ballmer holds but it sounds like enough to cause problems if he so desires.
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19 Aug 2014   #4
RommoR

Windows 7 Ultimate x64bit
 
 

He will busy himself with basketball
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19 Aug 2014   #5
Layback Bear

Windows 7 Pro. 64/SP-1
 
 

Steve Ballmer promises 'hardcore' basketball in debut as Clippers owner | Sport | theguardian.com

Quote:
Steve Ballmer’s informal introduction as the new owner of the Los Angeles Clippers
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19 Aug 2014   #6
The Howling Wolves

Windows 7 Home Premium 64bit
 
 

Wonder if he has a "Restore Button" in the Clipper's locker room?
Took 2 Billion of his 53 Billion to buy them.
Does this mean the cost of going to a game will be as much as it did to screw up Windows 8?

THW
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19 Aug 2014   #7
andrew129260

Windows 10 Pro
 
 

The new team:


Attached Thumbnails
Steve Ballmer Steps Down As Board Member At Microsoft-clippers.jpg  
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19 Aug 2014   #8
Lady Fitzgerald

Win 7 Ultimate 64 bit
 
 

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19 Aug 2014   #9
RBS7

windows 7 & 8
 
 

Quote   Quote: Originally Posted by Layback Bear View Post
Sounds to me Mr. Ballmer dropped a big key note.

Quote:
I hold more Microsoft shares than anyone other than index funds.
To me that is a little warning.
If Microsoft Management goes to far off the Ballmer path it's going to cost the new management and maybe the company.

I don't know the percent of Microsoft shares that Ballmer holds but it sounds like enough to cause problems if he so desires.
Seems I read not to long ago how many shares he has, and it wasn't that many (nor B. Gates for that matter). Perhaps, he had to sell them off to buy those Clippers.
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20 Aug 2014   #10
RoasterMen

Windows 10 Pro 64-bit
 
 

Quote   Quote: Originally Posted by andrew129260 View Post
The new team:
dafuq lol
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 Steve Ballmer Steps Down As Board Member At Microsoft




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