Bill Gates' leadership roles stay intact despite allegations
Despite damaging allegations suggesting Bill Gates pursued women who worked for him, don’t expect changes to his roles at the two iconic institutions he co-founded, Microsoft and his namesake philanthropic foundation, raising accountability concerns from critics.
Microsoft CEO Satya Nadella: Saying 'my team is great and everyone else sucks' is not leadership
Microsoft CEO Satya Nadella is not the type of executive to boast and put down rivals. On Thursday he put his more peaceful approach into words when former Microsoft executive Jeff Raikes asked him what leadership advice he gives inside the company. "Just saying, 'Well, my team is great and everybody else sucks,' that's not leadership," Nadella said during an appearance at the Economic Summit organized by Stanford University's Institute for Economic Policy Research. Nadella joined Microsoft in 1992 while co-founder Bill Gates was still in charge. When Nadella does draw distinctions from rivals, he's less pronounced about it.cnbc.com
Steve Ballmer says he wishes Microsoft had entered cloud computing market earlier
Steve Ballmer, chairman of the Los Angeles Clippers and co-founder of Ballmer Group, speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 8, 2019. Former Microsoft CEO Steve Ballmer said Thursday that he regretted not getting into cloud computing earlier. In 2017 Nadella has said he wished Microsoft had started earlier in cloud, and last year he gave Ballmer credit for supporting the company's cloud effort. Ballmer also said Microsoft should have built phones sooner if it was going to be compete in that market. WATCH: Former Microsoft CEO Steve Ballmer on how Big Tech should react to House antitrust reportcnbc.com
Facebook's Mark Zuckerberg is the last founder-CEO in Big Tech as Bezos steps back
Mark Zuckerberg (R) is about to surpass Jeff Bezos as the world's fifth richest man. Getty ImagesWhen Amazon's Jeff Bezos steps down as CEO later this year, Facebook's Mark Zuckerberg will be the last founding CEO left at any of the big tech companies. Now Amazon is shifting from founder Bezos to Andy Jassy, a long-time Amazon employee who built up AWS, the company's cloud-computing business. Unlike these other leaders -- including Bezos -- Zuckerberg holds an absolute majority of voting power over Facebook shares. Tech giants have fared well after replacing foundersApple, Microsoft and Alphabet have all seen their revenues and stock price grow with their newest leaders.cnbc.com
Azure cloud will pass Office to become Microsoft's biggest business next year, says analyst
Microsoft doesn't disclose Azure revenue in dollars, but the Piper Sandler estimate is in line with broader sentiment. Analysts at William Blair, who also have the equivalent of a buy rating for Microsoft, estimated that Azure revenue was $7.40 billion. Azure has also exceeded Office 365 revenue from commercial customers in the fiscal second quarter, Piper Sandler estimated. Now it's a matter of determining when Azure could eclipse all of Office, including consumer subscriptions to Office 365 and traditional Office licenses. It holds a controlling market share, and under Nadella Microsoft has moved many of its business customers from buying Office software licenses to paying continually for Office 365 subscriptions.cnbc.com
Microsoft releases Surface Pro tablet for business and education
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the unveiling of the Surface Pro 3 at an event in New York on May 20, 2014. Microsoft on Monday introduced the Surface Pro 7+ for Business, a version of its Surface Pro 7 convertible tablet from 2019 that's designed for commercial and education customers. Satya Nadella replaced Ballmer as CEO in 2014 and over time reduced Microsoft's focus on consumers, such as exiting the e-book and music streaming markets. Now there's a Surface model that's just for business users. Normally, each fall Microsoft comes out with a new Surface Pro, but this fall, as the coronavirus pandemic impacted supply chains for gadgets like the iPhone 12 and Microsoft's Xbox Series X, autumn came and went without a new Surface Pro 8.cnbc.com
Mavs destroy Clippers 124-73 to earn 1st win of season
Josh Richardson added 21 points and Tim Hardaway Jr. had 18 points for the Mavs, who kept up their dominance in the second half, too. Paul George led the Kawhi Leonard-less Clippers with 15 points before sitting out the second half. Serge Ibaka added 13 points and nine rebounds over three quarters of the team's first loss. He scored as many points (13) as the Clippers in the first quarter. They swept the Mavs last season, winning all three meetings as the visiting team, including a first-round playoff victory.
Clippers sign George to multiyear contract extension
FILE - Los Angeles Clippers guard Paul George drives against the Philadelphia 76ers during the first half of an NBA basketball game in Los Angeles, in this March 1, 2020, file photo. Paul George wants to retire with the Los Angeles Clippers, and he took a step in that direction by signing a multi-year contract extension on Thursday, Dec. 10, 2020. (AP Photo/Mark J. Terrill, File)LOS ANGELES – Paul George wants to retire with the Los Angeles Clippers, and he took a step in that direction by signing a multiyear contract extension Thursday. Instead, the team locked down his services, ensuring George will remain not far from where he grew up in Palmdale. “As a kid growing up in Southern California, I always dreamed of playing in Los Angeles, where my friends and family could come watch me play,” he said.
Big Tech stocks are buys on any negative antitrust news, Jim Cramer says
Big Tech stocks barely flinched one day after members of Congress recommended parts of their underlying companies be broken up, but investors should be ready to buy if the stocks dip in the future, CNBC's Jim Cramer said Wednesday. "The time these Big Tech stocks get hit by some bad headlines from the House Judiciary Committee is the time you have to buy them," the "Mad Money" host said. "Regardless of who wins the White House next month, they're not gonna roll back 40 years of antitrust." The report charges Apple, Amazon, Facebook and Alphabet subsidiary Google with having monopoly power. Facebook was the only one of the three stocks to fall in Wednesday's session, slipping 0.2% to a $258.12 close.cnbc.com
Former Microsoft CEO Steve Ballmer: I’ll bet money Big Tech won’t be broken up
Former Microsoft CEO Steve Ballmer on Wednesday commented on a report released Tuesday by the House Judiciary subcommittee on antitrust, which found Amazon, Apple, Facebook and Google hold monopoly power. "I'll bet money that they will not be broken up," Ballmer said. Ballmer, who helmed Microsoft through an antitrust lawsuit in the early 2000s, made some recommendations to those companies during CNBC's "Squawk Box" on Wednesday. The House Judiciary subcommittee on antitrust looked into whether Facebook bought Instagram to eliminate a competitor as part of a larger concern over anti-competitive "killer acquisitions." Now that the House Judiciary committee has released its report, lawmakers will need to turn their attention to updating antitrust laws for the Big Tech era.cnbc.com
UN food chief urges rich to help keep millions from starving
In this Nov. 14, 2008, file photo, a woman receives a bag of maize meal from the World Food Program in the town of Rutshuru, eastern Congo. The World Food Program chief warned Thursday, Sept. 17, 2020, that millions of people are closer to starvation because of the deadly combination of conflict, climate change and the COVID-19 pandemic and he urged donor nations and billionaires to help feed them and ensure their survival. (AP Photo/Karel Prinsloo)TANZANIA – The World Food Program chief warned Thursday that millions of people are closer to starvation because of the deadly combination of conflict, climate change and the COVID-19 pandemic and he urged donor nations and billionaires to help feed them and ensure their survival. And in Nigeria and South Sudan, millions more people have become food insecure because of the pandemic, he said. He said WFP needs $4.9 billion to feed 30 million people who will die without the program's assistance for a year.
25,000 children in Wayne County to receive masks through $200,000 donation
WAYNE COUNTY, Mich. A $200,000 two-part donation is set to provide masks to about 25,000 children in Wayne County, Wayne County Commission announced Thursday. The Commission approved the donation from Ballmer Giving LLC of Bellevue, Washington. The other half of the donation will be allocated toward the Save-A-Life Program for convalescent plasma donation as a treatment for COVID-19. This is a wonderful gift and we are very grateful to receive it, Commission Chair Alisha Bell said in a news release. According to the release, Ballmer Giving LLC was created by Steve Ballmer, who is the former Microsoft CEO and current Los Angeles Clipper owner.
US billionaires boost collective wealth by $406 billion as markets rebound in the coronavirus pandemic, report finds
Billionaires in the U.S. have seen their wealth increase by over $406 billion in the past month despite the ongoing economic effect of the coronavirus crisis, research has found. Other billionaires who have seen their wealth grow amid the pandemic include Tesla CEO Elon Musk also by nearly $10 billion since January 1. Going back further, IPS said that in 1990, there were 66 billionaires in the U.S. who held a total wealth of $118.8 billion. The United States now has 630 billionaires, whose wealth totaled nearly $3.4 trillion, as of April 29. They also suggested strengthening the estate tax to limit intergenerational transfers of wealth, as well as a "wealth tax" that limits the further accumulation of money.cnbc.com
Los Angeles Clippers owner Steve Ballmer buys the Forum for $400 million in cash
Steve Ballmer, former chief executive officer of Microsoft Corp., gestures as he speaks during a news conference after he was introduced as the new owner of the Los Angeles Clippers in Los Angeles, California. The Forum in Inglewood has a new owner, and his name is Steve Ballmer. The tension with MSG threatened to prevent Ballmer, who owns the Los Angeles Clippers, from constructing a new arena near the Inglewood venue. The downtown Los Angeles arena is also home to the Lakers and National Hockey League's Kings. "When I bought the team, I thought it was great we didn't need to build an arena," Ballmer the Los Angeles Times in July 2019.cnbc.com
Satya Nadella credits Steve Ballmer for pushing Microsoft into the cloud
Microsoft's stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company's rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now the clear No. "The guy who gave me permission to do all this was Steve Ballmer," Nadella told CNBC's Jim Cramer on Thursday, in an interview on "Mad Money" from Microsoft's headquarters in Redmond, Washington. Microsoft's stock under Nadella CNBCThe story was much different during Ballmer's tenure, as sales growth slowed and the stock flatlined. But even in those years, Ballmer's Microsoft was in the early phases of assembling a cloud that could challenge AWS.cnbc.com
Former Microsoft CEO Steve Ballmer on Surface: 'There's plenty of profit in hardware'
Nevertheless, Steve Ballmer thinks Microsoft, with its ever-expanding line of hardware, is on the right track. Surface generated about $5.7 billion in revenue in the 2019 fiscal year, up 23% from the previous fiscal year. Ballmer said Microsoft's overall hardware operation, which totaled $6.1 billion in the 2019 fiscal year, is still growing into a big business. Beyond his involvement with Surface, Ballmer was the person in charge when Microsoft announced its Azure cloud offering in 2008. "There aren't a lot of new profit streams you can invent that generate the kind of profit that Windows does."cnbc.com
Former Microsoft CEO Steve Ballmer on taking over the LA Clippers
Former Microsoft CEO Steve Ballmer on taking over the LA Clippers Ballmer recently purchased the Los Angeles Clippers for $2 billion after Donald Sterling was forced to sell the team for making racist remarks. That is three times more than anyone else has payed for an NBA franchise. Ballmer, a former Microsoft CEO and the company's biggest shareholder, joins "CBS This Morning" to discuss the team.cbsnews.com
Judge orders sale of Clippers to proceed
Judge orders sale of Clippers to proceed The record-setting $2 billion sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer is no longer just on paper. The judge hearing arguments in the court case between Donald and Shelly Sterling has ordered the sale of the team to move forward. Lee Cowan reports.cbsnews.com
Ex-Microsoft chief offers $2 billion for LA Clippers
Ex-Microsoft chief offers $2 billion for LA Clippers Former Microsoft CEO Steve Ballmer has the top bid for to buy the Los Angeles Clippers for $2 billion. Ballmer brokered the deal with both Shelly Sterling and the NBA officials. But the team’s owner, Donald Sterling, is vowing to fight the forced sale. Ben Tracy reports.cbsnews.com
Sterling's mental state may have impact on LA Clippers sale
Sterling's mental state may have impact on LA Clippers sale As news of Steve Ballmer's $2 billion acquisition of the Los Angeles Clippers reaches the headlines, sources say Donald Sterling's diminished mental state may have played a part in the sale of the team. CBS News legal analyst Jack Ford joins the "CBS This Morning" co-hosts to discuss who makes the determination that someone is mentally incapacitated.cbsnews.com