The Richest 9-5 Employee Ever is Kind of A Weirdo - How Money Works
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- Опубликовано: 1 окт 2024
- Steve Ballmer, currently worth over ninety billion dollars, is the richest person ever to have made his fortune from “a job”.
Where almost all other billionaires got their fortunes from investments, inheritances or starting their own companies, Ballmer got there be taking over from Bill Gates to be the CEO of Microsoft between 2000 and 2014.
Ballmer was an old school businessman, which was arguably what the growing tech company needed at the time. During his tenure Ballmer tripled the company’s sales and doubled their profits by focusing on big ticket products for businesses.
Ballmer was rewarded for this performance with massive bonuses, mostly coming form of Microsoft stock which has become the source of his huge personal fortune.
Big bonuses don’t mean he was necessarily a great CEO however.
Investors criticize him for focusing too much on business products and missing out on new tech trends like smartphones.
Despite his sales performance he is probably best known by Microsoft employees for the time he held a funeral for the iPhone because he believed the windows phone was going to make the apple product irrelevant.
#shorts
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Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
All I can hear in my head is him screaming “developers developers developers”
How does someone have a Steve Ballmer video and not mention developers
Eggs are also popular in the folklore: ruclips.net/video/aXOQZ8MRvB4/видео.html
The comment we all need
Developers
"I! LOVE! THIS! COMPANY~~~~~~~!"
Steve Ballmer is the reason my brother drinks on the job
Because he follows the advice or because of having become an alcoholic?
Brutal. Tell him to keep on going
😂😂
What’s he drinking though it better not be Budweiser 😡
Tell him to get an Apple 🍏
“I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
ima keep this in my head forever
Warren buffett
lol
this is why the CEO title carries little weight, in my view
is this from you?
"most billionaires get their money from investments but not this guy, he got his money from investments" 🙄
Bro,what kind of investment they make that gives them guaranteed profits?
all other billionaires on that list either created their own company or were part of its founding, so they were never given any shares, they just started with them (or bought them)
he’s the only one to have received his stocks as normal (albeit massive) compensation
@@Philgob what is wrong with receiving or given shares?
@@Krucezam where did i say it was wrong? i was responding to the inital comment
He didnt out money in to get his money basically
Think of his shares are bonuses
My guy famously said “We’re selling millions and millions of phone a year and apple is selling zero phones hah $500 is ridiculous nobody’s gonna buy a phone without a keyboard”
He was busy selling the software and systems that made the iphone possible.
I bet every single company on the production chain of apple use windows framework.
@@incognito1427that’s not true. iPhones use UNIX framework. UNIX was developed by bell labs in 1969 not by Microsoft.
I think it is fair to say he failed to capitalise on new consumer products opportunities. But at the same time, business software is a better investment. How much business software still uses Fortran/COBOL? And how many consumers still have a 10 year old phone or indeed an MP3 player?
@@incognito1427whaaaat? dude, in tech enterprise literally everybody uses either mac, linux or some other flavor of unix.
windows sucks at the one thing they should be good at, it took them like 6 iterations of 95 to come up with win7 and now ship your pc with 400+ telemetry programs and a bunch of other bloat
As a developer myself, I can tell you it's important to remember "developers developers developers", because Microsoft forgot.
I'ma start looking for a billionaire to divorce 😌
Hello stranger🙋♂️
@King Pop - Noooooooooo! 😱😭
@King Pop Looks like he’ll have to go for Plan B and divorce them from this worldly plane instead.
@King Pop then marry them, help invest that fortune for 5 year, then divorce.
Bet he has an iPhone
I'm ok with the focus on SQL Server especially as it has become a juggernaut that does everything wonderfully.
B2B sales are less fickle than consumer products. He solidified a base for the company that allowed it to do whatever it wanted into the future.
Yeah maybe Balmer deserves a retrospective, I assume azure was invested in heavily during his time MS Teams and Visual Studio Code, Typescript. He possibly had to OK these products. Not sure though maybe it was Sataya who did all that.Win 8 and the phone fiasco all Balmer and hot garbage though and if MS hadn't corrected in Windows 10 they could have lost OS dominance on the PC.
Yep, especially with their monopoly on LDAP with AD I think he made the right move focusing on businesses. Plus I think Microsoft was kneecapped from ever becoming as big as Apple with consumers because most peoples interaction with Windows is using an old and locked down windows desktop at work and likely running very old in house programs that aren't sleek or easy to use like Apple.
Boss decision
It was definitely a smart move
"Developers developers developers developers," It's funny but he was right
Yea.without them, the phone is nothing
It was a genius move not to focus on the hardware (phones etc)
@@prasathcs7377To be fair they tried more than once to break into the phone market, they just failed miserably.
He also caused many key players to be fired or leave the company due to his new policies, so Microsoft lost a lot of talented people.
Hell, he brought profits and food to the table. He’s fine
ah so this is why windows 11 is so buggy
Humans hate each other, it's amazing what we do to one another
@@chrisjohnson3967 yes, humans are competitive, just like every other species on earth.
@@jokerpilled2535 It does seem like the smarter the animal, the worse we are though
The world's luckiest roommate.
Exactly if only you would've been that roommate you would've went all in on the smartphones to become the first trillionaire🤡
It’s who you know
Gates, himself, was pretty lucky. If his mom isn’t on the Board with the IBM CEO, no reason to think he gets the PC operating system and software monopoly
@@tomarmstrong3297 ... Definitely more to the Gates of Hell than meets the eye.
If you hadn't already, see Corbett's "Who Is Bill Gates?" ... and for Bill's whackzine bosom buddy, see:
> Gary Null's "A Second Opinion"
> Brent Leung's "House of Numbers"
You think CEO is a 9-5 job?
He was contractually bound to show up to work, as with all salaried jobs. Whether or not he actually did work during that time is up for debate
You are taking this too literally. What the video is trying to illustrate is that Ballmer wasn’t successful because he had a great idea, started a company, and was also great at execution. The video is suggesting that Ballmer is merely an employee that lucked out. Not so sure that is totally accurate. The case could be made that as one of the first employees he was at least a key employee if not more properly credited as a co-founder. The criteria is a bit murky and probably shouldn’t just revolve around being the person with the initial lightbulb moment when other people are involved from the start in crafting the vision and building the company from the inside out. But that’s the way history will show it. So Ballmer, fairly or not, will go down as the guy who got lucky on his freshman dorm assignment and rode it to big bucks.
Don’t forget the colossal failure his laughing at the iPod was only to make the zune which everyone forgot about until guardians of the galaxy made fun of it when starlord got one and was told it was the next big thing.
The Zune was a good device. The iPod was just more entrenched at that point.
That was a Sony Walkman, not an iPod which Starlord used.
He was basically a cofounder of Microsoft had 8.7% ish stake 🤦🏾🤦🏾not an employee
Imagine what Microsoft could’ve done if they spent those bonuses on more developers and engineers
Lose money?
Developers developers developers developers!
Probably get bogged down in organization sprawl
Devs and engineers don't do any work unless management tells them to... with poor management it doesn't matter how much other employees get paid because the company will eventually fail
@@mateus8676 how so?
Are devs and engineers that lazy or clueless?
A CEO doesn't have a 9-5
CEO's typically work longer hours than hourly employees. So you're right.
@@jonrussell739 lmao. That's what they want you to think.
@@genogrinberg6014 lol yes, the higher up the chain you go the less your personal life and work life have any separation.
@@techelitesareadisease8816 you'd know absolutely nothing about that.
@@genogrinberg6014 You seriously have zero friends or family that work in even a middle management position?
Imagine becoming a billionaire through a divorce 🤡🌍
Women ☕
Men can't. As long as women imagine princess weddings, why not imagine billion dollar divorces too if you found "the one"?
I wouldn’t pay a single dime if I got divorce
imagine being a billionaire and becoming an millionaire via divorce.
Mentioning a rich divorcee is the easiest bait to reel incels with.
Maybe imagine a caring partner who always supports you while youre struggling and cant support the family.
Its not all bout the $$$ doofuses.
I doubt he ever worked 9am-5pm while CEO of Microsoft. More like 5am-9pm
He’s like a business version of Drax.
🤣👌 CEO's say the darndest things
*conveniently ignores the two xbox consoles that launched under Steve's leadership*
I love these low effort click-bait shorts.
Xbox is peanuts compared to productivity softwares lmao go back to playing Call of Duty
@@mateus8676 and all of that would be peanuts compared to what it would have been with mobile phones had Steve Ballmer actually been a competent CEO. Go back to playing on your windows phone.
"Investor's criticised him for focusing on business products"
But... that is where the money is.
Did you even watch the video? The criticism is that he focused too much on pre-existing business products and not creating new ones, such as entering the growing cell phone industry
@@neonbunnies9596 before Ballmer became CEO, Microsoft was mostly focused on Windows and Office. Azure wasn't a thing. He made the company focus on Azure and other business products. He gave the green light to bring Office to the iPad. And guess what? That is where the money is. But Ballmer does admin he/Microsoft was late to phones and missed the boat.
@@neonbunnies9596 also, i was a windows phone user (and fan). Rip windows phone 😢
@@neonbunnies9596 Competing with Apple in the cell/smartphone industry was always a losing battle. Microsoft has become more profitable than ever by focusing on business products and acquisitions like Azure and LinkedIn. Office 365 is still their bread and butter all these years later too. Ballmer was mostly right.
Fighting Apple, now the world's largest corporation, in too many products/services of the same type would have been a bloodbath. Better to expand into adjacent products where Apple wasn't already dominant. Believe it or not, the average high level executive at a major corporation actually is more competent and rational in their business decisions than random RUclipsrs and their commenters.
Hindsight is 20/20, it's easy to criticize past missed opportunities now that we live in the future. Without our crystal ball of hindsight, it's doubtful any of us would have done any better than Ballmer, even if you do have industry knowledge.
He only cared about short term gains and had no vision, at the end of his tenure he almost killed MS
Imagine people saying “I am one of the gates” at a rich party or something basically saying gates is their last name, then this guy shows up and is like “really?? That’s so cool, I’m just a bomber”
Thank you that gave me aids
Ballmer but sure
I've been working with or for MS since '99... I had no idea about the funeral. We tend to remember him for all the screaming.
The idea that taking a C-Suite job is the same as working a 9-5 is…. Hilarious
You're kidding yourselves if you think he worked 9-5.
Dude literally lit capital on fire for most of his career, and was rewarded handsomely for it.
Only one company managed to remain consistently in the top 10 largest from 2000 to now. I'll let you guess which one.
@@lonyo5377 sorry, I don't take your meaning.
You see, Microsoft was not the largest company.
Not by head count - in 1999 Wal-Mart had 1.14 million employees to Microsoft's 30,000
Not by market cap - by December of 2000, Microsoft had a MC of $250B while Cisco surged to $500B that same year.
Not by revenue - General Motors had that distinction in 2000.
Not by profit - that was also General Motors. In 2000, Microsoft was 84th in the ranking for profits.
If there's some other judge of size I'm missing, that Microsoft held onto the title for, please let me know.
Edit: I see you edited it to say top 10 largest, which is still debatable, but closer to reality.
Fact is, Microsoft is a very good business. The guy who was running it was not good at running it, and because it was so good, it managed to do well IN SPITE OF not because of Ballmer.
Totally reasonable CEO compensation, I'm sure he worked a bajillion times harder than the average employee.
At this point, having knowledge of how to do things doesn't get you rich. Having knowledge of people gets you rich.
Nobody pays for work "hard". Never. It is not productive.
No, but he was likely a billion times more productive ( can Bob at McDonald's triple the annual revenue of a leading tech company?) and his skills were a billion times harder to find. You clearly have no idea how economics works, do you?
@@killerhurtalot False. Create value and you will become rich, it's simple.
@@WillieFungo the cult of value, do what they tell you and you will become wealthy.
SQL server is FAR more useful than a shitty Microsoft smartphone that would go obsolete in a month, sorry
I’m a software engineer that uses a ton of windows services and frameworks. Honestly very glad he worked on software and infrastructure improvements rather than the shiny new thing
It’s literally impossible to be rich working a 9-5.
That depends on your definition of the lower threshold of rich.
Which one do you mean? They work less, or more? It's totally possible to just invest, sit back and watch the money flow in, but it's equally possible that they see their fortune as a numbers game, and work tirelessly to extract every penny they possibly can out of the market
How much is rich ?it's impossible to become a billionaire from being an employee.Ultimatly it's your smart investments and expenditure that is going tow grow your weath.
@@AmritenduRana31082000 it’s impossible to become a million air and billionaire being an employee.
@@baderhabib6606 it is very possible to become a millionaire and multimillionaire being an employee.
The only diet ever scientifically shown to reverse our leading cause of human death (Heart Disease kills 1 in 4), with 99.4% success, is a Whole Food Plant Based diet. -Esselstyn
right place at the right time. he was not a great CEO. MS grow in spite of Balmer.
Hey is any Fortune 500 company looking for a new CEO? My resume has a little dust on it but it’s good an ready to compete!
Bones 300 sounds like it should be the opposite of the Fortune 500. The 300 companies that had the worst “going bankrupt” stories lol.
not if you can't spell "and"
The greatest wage slave of all time 😂
😂😂😂😂😂 yeah such a horrible slavery 😂😂😂😂
Al Sharpton once said that LeBron James worked at a plantation. I'm like if that's what a plantation looks like nowadays, black people will start a second civil war to bring _back_ slavery 🤣🤣🤣🤣🤣
Just imagine if he would just give $1 billion to help out the homeless and do good with that money, I don’t understand it, he can’t take that money with you, and it doesn’t impress God that you have that money that you horde, impress him what you do with your money
My brother in law loved his Windows phone. I almost got one myself.
“all other billionaires got their wealth from investments, meanwhile this guy is DIFFERENT… he got his wealth from a huge stock portfolio, which is a DIFFERENT thing. definitely.”
‘He got paid in stock, or bonuses in stock’
These are investments. What’s the point of this video then
I had a nokia windows phone and it was a phone that never had a single stutter, however there wasnt good apps and that was the reason i had to go back. If there was apps it would be my favorite.
He makes almost a billion dolar with the dividends annually. Damn.
“Divorce”
/inheritance - shows woman
/divorce - another woman
😀✌️
how to become a billionaire?
Divorce
I LOVED my Windows phone except for the lack of app support. It was around during a time when people were starting to make mobile sites that functioned pretty much the same way as apps did... BUT THEN THAT SWITCHED BACK. Probably because these companies wanted better control over your data lol
I doubt he clocked out at 5
The Greatest CEO and businessman
$500 for an iPhone, it’s not a very good business product because it doesn’t even have a keyboard like ours
Own the company or run the company. It is possible, but simply investing in the company to make your fortune is NOT the best way to go about it.
Wow. That’s a nice reflection
Well, tell that to Warren Buffet or any other centi-millionaire to billionaire investor. I think they don't agree.
Did the taxes of the ceo of Liberty Mutual insurance. He had a W2 for 17 million. Never seen that before. Usually folks with that kind of income get it from K1s.
He seems like the kind of weirdo you'll find on Epstein island 🏝️. 🤔
Why?
Agree
i'm still salty over how MS fumbled windows phone.
Comparing an average 9 to 5 to a mega-wealthy early adopter Microsoft Exec is probably the biggest stretch I have ever heard ever since I heard the word "Soft Landing".
"9-5 job" rather 7-11
He didn't make it from salary. He was given shares early on and he didn't sell.
Got rich from working a job.....that gave him stocks as a bonus
So, it really does payoff to listen to ur boss.
Bruh… the title is misleading. He started off as an employee but he eventually became the CEO. He was also one of the men that grew Microsoft into what it is so you can kind of say he was like a director ever since he joined the company.
This video makes it seem like SteveB’s only job was CEO. No, he was there from very early days in the 80’s all the way through his CEO tenure.
I was there from ‘91-97 and Steve was already a senior exec and later President at that time.
He’s an investor/owner who also held a salaried position within the company. From day 1 of Microsoft’s incorporation in 1981 he owned 8% of the company, 20 years before he became CEO.
He introduced the mandatory stack ranking and compulsory quota for firing certain proportion of workforce every year. Essentially the hunger game, squid game at Microsoft. During his Tenure, Microsoft released one version of .NET framework every year, often of very poor quality, the abstraction layers were not well thought of and quickly abandoned by the development community. He placed his workforce under extreme pressures, delivery at all cost. While at the short term might generate more revenue, long term it made the place more toxic. His practices were eventually abandoned.
Steve was a Legend He eased off the consumer sector of Microsoft and focused on the Server aspect of the Business.
He cemented Microsofts Dominance in Enterprise and at all small large and medium Cooperations . And Let of of Windows Home product's at a time of declining home sales.
Their new CEO Satiya ( Indian dude) The pivoted Microsoft into a cloud and a subscription service company.
Windows phone definitely had potential, it just didn’t get enough support from third parties or it could’ve been up there fighting with iPhone and android even today
Okay. Getting stock from a company is the same as investing. There’s basically no difference, most people see him as a founder. Also, saying Jeff Bezos’ wife made her money from divorce is messed up. Awful content out here
Devorice 😭😭🤣
Kids not listen, I gave up 5 yrs of my life excell in all my positions( operation manager), and all I got at the end 50k a yr and a mug. The second I quit. Every job maybe just about the same amount of money with less manul labor, less time , less responsibility.
No he didnt get it from a job. He was a ms founder and owned stock. Clickbait rubbish
I liked Windows Phone, had it from 2013-2019 before they ceased support in December of that year.
$500 for a phone in 2007: That is the most expensive phone on the market!
$500 for a phone in 2023: What a bargain!!!!
How’d that windows phone work out?
He has the foresight to establish the entire cloud platform, azure, for Microsoft. From consumer side he may not have been the best, but for begining investments in the cloud infrastructure is where he did shine. He was a great CEO.
Option 3:- divorce 😅
Can't really say he got rich from 9-5, he got rich from stocks, no different than investing in stocks and markets. Who is the richest worker ever actually being paid a salary?
“He got it from his job instead of investments.” *4 sentences later* “He was rewarded with bonuses composed of huge stock shares.” Lol I guess that is very technically ever so slightly different but come on
Is he the villain from Iron Man 1?
Not sure i’d describe a CEO for a F500 company as a “9 to 5”, but interesting, nonetheless
He was clearly a good ceo. Business products is a stable source of revenue and a core area for MSFT. Who said you have to have it all. Clearly msft wasn’t destined to take over smartphone market.
Luck can take you really really far kids!
"Luck"
You mean the 14 years he spent at Microsoft where under his leadership the company saw 3X sales and 2X profits? There's no such thing as luck in business lmao because I can tell you that if you were put in his position, you'd be so overwhelmed like a deer in headlights.
Also how many employees become CEO of their organization? 1 at a time and it's a VERY difficult role to land so clearly the board of directors differentiated him from everyone else
You know how there’s an exemption to every rule? Executive jobs are the exception to “Jobs aren’t made to make you rich”.
If the windows cellphone hadn’t sucked, I’d be all-in on their ecosystem. It did suck. Hard. So I switched.
So they gave him stock which makes him an investor...
He was paid with the stock
He didnt buy it himself
Well if you judge by the look of a person, then yes, he looks like a bad person
the last part though 😂😂😂
I’m convinced Ballmer drank a cocktail of cocaine and caffeine every morning during his tenure as CEO.
Did pretty well for a guy who made some mistakes.
You've made mistakes too and are worth nowhere near Steve... "did pretty well"😂 mate he has more wealth than your entire family tree... he could withdraw your entire net worth and he wouldn't even notice the difference in his account
He’s also the only reason they’re a company anymore because azure wasn’t made by him. He was dead set on entering web services. This video is trash, they mentioned the iPhone funeral but not his contributions.
I like how “divorce” is how some billionaires make their money. Fucking sad.
I used to look forward to seeing his antics jumping around on the stage like a mad man at the company annual meetings at the seahawks stadium
Without Ballmer, Bill Gates would not be the biggest owner of farmland in US today.
To be fair, if windows had app support from developers, I think windows would eat apple alive.
he oversaw the xbox era and windows xp/7 which wasnt bad. however yea windows phone and vista were terrible. he was the ceo for the right time, however it was good they changed him out because cloud was becoming a bigger thing and ms needed to pivot.
Those execs are right. For the last 10+ years Microsoft has just been seen as the Xbox and Word company
“9-5 and not investing.” “All his money was made by the company stock”.
Regular people trade their pay for stock to get rich. He traded his work for stock directly. Same thing.
All others got their money from Investments, but Ballmer got it from job as well as Investments.
And yet this guy will never get as much head as I do or the other Chads reading this comment. Remember money ain't everything
"Developers, Developers, Developers!"
DEVELOPERS! DEVELOPERS! DEVELOPERS! DEVELOPERS! DEVELOPERS! DEVELOPERS!
So he did make his riches by owning equity as part of his compensation. Not from direct earnings kids
Steve Ballmer is a tool that pales in comparison to Satya Nedella. Only one of them actually created company growth.