Nick Wingfield in The New York Times on ‘Why Tim Cook Is Like Steve Ballmer.’
For many investors, Steve Ballmer, the chief executive of Microsoft, has long been one of tech’s favorite villains. His company’s stock has lost 43 percent in value since he got Microsoft’s top job on Jan. 13, 2000.
However, the company’s financials paint a different picture.
During the 13 years Mr. Ballmer has led Microsoft, though, annual revenue at the company has grown 221 percent, to $73.72 billion, and profit has jumped 80 percent, to $16.98 billion.
How does Ballmer feel about Microsoft’s stock price?
Whenever he’s asked about the company’s poor stock performance under his leadership, Mr. Ballmer typically says there are two Microsoft numbers he is most concerned with — profit and revenue. The share price, he usually responds, is outside his control.
Tim Cook should take heed.