For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
I am shocked that an OG Silicon Valley business owner and right hand man of the creator of the most popular software on the planet is till taking his cut of the shares. SHOCKED!
Labor keeps the world running. Labor makes the discoveries. Labor invents.
Capitalism just holds the resources hostage from labor, allowing access to ill gotten resources in exchange for almost everything they produce, rinse and repeat.
One can judge the utility of such ventures, but it’s undeniable that capital is being used (not held hostage) and jobs being created. It takes a lot of people to build a stadium.
I am shocked that an OG Silicon Valley business owner and right hand man of the creator of the most popular software on the planet is till taking his cut of the shares. SHOCKED!
Doing nothing 🤦♂️
Labor keeps the world running. Labor makes the discoveries. Labor invents.
Capitalism just holds the resources hostage from labor, allowing access to ill gotten resources in exchange for almost everything they produce, rinse and repeat.
You swoon over con-men.
I’m not fully abreast of Ballmer’s dealings, but I know he’s spending a shit ton on pro basketball:
https://time.com/139577/former-microsoft-ceo-buys-clippers-2-billion/
https://www.nba.com/news/clippers-owner-steve-ballmer-closes-deal-forum
https://www.cnbc.com/2021/09/19/clippers-owner-steve-ballmer-announces-new-1point2-billion-intuit-dome.html
https://variety.com/2022/biz/news/steve-ballmer-la-clippers-clippervision-jamal-crawford-baron-davis-1235405566/
One can judge the utility of such ventures, but it’s undeniable that capital is being used (not held hostage) and jobs being created. It takes a lot of people to build a stadium.
Microsoft laid off 16,000 people in 2023 alone. How many pro basketball jobs did he create in return?
https://news.microsoft.com/leadership/?section=board-members
https://news.microsoft.com/leadership/?section=board-members
Ballmer’s not on either of those lists. Not sure how you can put those layoffs on him.
He owns a 4% stake in the company. He could easily have used his sway to prevent layoffs.
Which software was that again? Can you please elaborate on Steve Balmer’s accomplishments.