Forbes named Microsoft’s Steve Ballmer as the Worst CEO
Forbes has ranked Microsoft’s Steve Ballmer as the worst CEO of any publicly traded company in America today. While Ballmer is ranked as the 19th richest man in the world, he has done little to increase shareholder value. Microsoft’s share price was at $60 per share in 2000 and it currently sits at just over $30 per share.
“Although he’s #19 on Forbes list of billionaires, Mr. Ballmer should not be allowed to take such incredible risks with investor money and employee jobs. Best he be retired to enjoy his fortune rather than deprive investors and employees of building theirs.”
The company has suffered numerous mishaps while Ballmer has been CEO, such as, Vista, the Zune, and failing to keep up with mobile technology. Microsoft has had little success with tablets and smartphones, while companies like Apple and Google dominate the mobile markets.
When the iPhone launched in 2007, Ballmer and other Microsoft executives didn’t consider it as a threat, but they couldn’t have been more wrong. Google and Apple together have over 80% of the smartphone market, while Microsoft has less than 4% (as of Mar. 2012).
Originally posted 2012-05-14 22:57:41.