Chief Executive Officer (2000–2014) Ballmer at Mobile World Congress 2010 Ballmer was promoted to President of Microsoft in July 1998, making him the de facto number two after the chairman and CEO, Bill Gates. Ballmer led Microsoft's development of the. In February 1992, he became Executive Vice President for Sales and Support. In his first 20 years at the company, Ballmer headed several Microsoft divisions, including operations, operating systems development, and sales and support. The same year, he replaced Microsoft's employee stock options program. In 2003, Ballmer sold 39.3 million Microsoft shares for about $955 million, reducing his ownership to 4%. When Microsoft was incorporated in 1981, Ballmer owned 8% of the company. īallmer was offered a salary of $50,000 as well as 5–10% of the company. History with Microsoft īallmer joined Microsoft on June 11, 1980, and became Microsoft's 30th employee and the first business manager hired by Gates. After briefly trying to write screenplays in Hollywood, he started attending the Stanford Graduate School of Business for his MBA, but dropped out in 1980 to join Microsoft. īallmer worked as an assistant product manager at Procter & Gamble for two years, where he shared an office with Jeff Immelt, who later became CEO of General Electric. He graduated magna cum laude with a Bachelor of Arts in applied mathematics and economics in 1977. He scored highly in the William Lowell Putnam Mathematical Competition, an exam sponsored by the Mathematical Association of America, scoring higher than Bill Gates. (He eventually became a member of the school's board of directors.)īallmer attended Harvard University, where he was a manager for the Harvard Crimson football team and a member of the Fox Club, worked on The Harvard Crimson newspaper as well as the Harvard Advocate, and lived down the hall from fellow sophomore Bill Gates. He graduated as valedictorian from Detroit Country Day School, a private college preparatory school in Beverly Hills, Michigan, with a score of 790 on the mathematical section of the SAT and was a National Merit Scholar. In 1973, he attended college prep and engineering classes at Lawrence Technological University. Ballmer also lived in Brussels from 1964 to 1967, where he attended the International School of Brussels. Ballmer grew up in the affluent community of Farmington Hills, Michigan. Through his mother, Ballmer is a second cousin of actress and comedian Gilda Radner. Steve's mother was the daughter of Shmuel Dvorkin, a Russian Jew who fled to the United States in 1914 and became a merchant for a glass store. Frederic (1923–2000) was from Zuchwil, Switzerland and arrived in the United States in 1948. Early life and education īallmer was born in Detroit, Michigan he is the son of Beatrice Dvorkin and Frederic Henry (Fritz Hans) Ballmer, a manager at the Ford Motor Company. Players and sportswriters consider him a marked improvement over previous owner Donald Sterling, citing his enthusiasm for the team as well as his willingness to spend large amounts of money to acquire superstar players and finance the construction of Intuit Dome. His ownership of the Clippers has generally been well-received. The company tripled sales and doubled profits, but lost its market dominance and missed out on 21st-century technology trends such as the ascendance of smartphones in the forms of iPhone and Android. His tenure as Microsoft CEO is widely viewed as mixed. On February 4, 2014, Ballmer retired as CEO and was replaced by Satya Nadella Ballmer remained on Microsoft's Board of Directors until August 19, 2014, when he left to prepare for teaching a new class. He eventually became president in 1998, and replaced Gates as CEO on January 13, 2000. īallmer was hired by Bill Gates at Microsoft in 1980, and subsequently left the MBA program at Stanford University. As of June 2023, Bloomberg Billionaires Index estimates his personal wealth at around $114 billion, making him the ninth-richest person in the world. He is the owner of the Los Angeles Clippers of the National Basketball Association (NBA). Steven Anthony Ballmer ( / ˈ b ɔː l m ər/ March 24, 1956) is an American billionaire businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014.
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