Microsoft ceo

Microsoft’s Pioneer Employee and CEO Retires; Ranks at No. 51 Richest In The World

Microsoft ceoMicrosoft CEO Steve Ballmer won’t be heading out with a big retirement package — or any package at all. But hey: He’s still one of the richest people in the world.

Microsoft doesn’t offer “special retirement programs” or severance pay for its executives, according to a regulatory filing. But once the bombastic Ballmer leaves Microsoft, he’ll still be an extremely rich man.

Ballmer owns more than 333 million shares of Microsoft. The nearly 4% stake in the company is currently worth $11.5 billion. Forbes magazine says Ballmer is the 22nd richest person in America, and he ranks an impressive No. 51 among the world’s billionaires.

Ballmer, who joined Microsoft (MSFT, Fortune 500) in 1980 as one of the first 30 employees, plans to hold onto his large stake.

“I cherish my Microsoft ownership, and look forward to continuing as one of Microsoft’s largest owners,” Ballmer said in a memo to employees Friday.

Though Microsoft’s stock has stagnated over the past decade, Ballmer’s current stake is worth 56% more than the $7.3 billion worth of shares he had when he started as CEO in 2000. And shares rose more than 7% on news of Ballmer’s exit on Friday, making his stake worth $786 million more than it was on Thursday. Not a bad bit of unofficial retirement pay.

Microsoft hasn’t named a successor for Ballmer, who took over the company’s reins from Bill Gates. Under his direction Microsoft has enjoyed hits like Windows 7, the Xbox with Kinect, and its cloud business. But those successes were tempered by flops like Windows Vista and the Zune MP3 player.

In particular, Microsoft has struggled to adjust to the mobile computing revolution, trailing rivals Apple (AAPL, Fortune 500) and Google (GOOG, Fortune 500) in that field. The company was once the most valuable in the world, but Microsoft has lost more than half of its market value over the past decade.

Source: CNN Money

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Windows 8: Innovation or Junk?

Microsoft demonstrated the next generation of windows, internally codenamed “Windows 8″, for the first time this month. In their words;

Windows 8 is a reimagining of Windows, from the chip to the interface. A Windows 8-based PC is really a new kind of device, one that scales from touch-only small screens through to large screens, with or without a keyboard and mouse.

Few aspects of the new ‘Windows 8′ interface includes;

  • Fast launching of apps from a tile-based Start screen, which replaces the Windows Start menu with a customizable, scalable full-screen view of apps.
  • Live tiles with notifications, showing always up-to-date information from your apps.
  • Fluid, natural switching between running apps.
  • Convenient ability to snap and resize an app to the side of the screen, so you can really multitask using the capabilities of Windows.
  • Web-connected and Web-powered apps built using HTML5 and JavaScript that have access to the full power of the PC.
  • Fully touch-optimized browsing, with all the power of hardware-accelerated Internet Explorer 10.

N/B: The full capabilities of Windows continue to be available, including the Windows Explorer and Desktop, as does compatibility with all Windows 7 logo PCs, software and peripherals.

Although the new user interface is designed and optimized for touch, it works equally well with a mouse and keyboard. Our approach means no compromises — you get to use whatever kind of device you prefer, with peripherals you choose, to run the apps you love. This is sure to inspire a new generation of hardware and software development, improving the experience for PC users around the world.

Keep watching this space for up to date information on the new innovations as well as the ‘Oops’, of the new Windows 8.