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Steve Ballmer

stocks

Yahoo share price below where it was when Microsoft made its offer

The markets closed yesterday with Yahoo shares worth $19.11. It was the second day in a row Yahoo shares closed below the $19.18 they were worth on January 31, the day before Microsoft made its $31 per share offer public. "Your proposal substantially undervalues Yahoo," wrote Yahoo CEO Jerry Yang to Microsoft CEO Steve Ballmer on April 7. Yang must feel the same way about his current shareholders.

Tech Tyrants

The 10 most terrible tyrants of tech

Here's to the screaming ones. The chair-throwers. The death-threat makers. The imperious gazers. The ones who see things differently — and will stare you down until you do, too. They're not fond of rules, especially those outlined by the human-resources department on "treating your employees with respect." And they have no respect for conversational decibel levels. You can cower before them, hide from them, quote them behind their backs, or vilify them. About the only thing you can't do is ignore them. Because they're so damn loud. They've worked at Google. Apple. Microsoft. AOL. They've ruled the industry — or they've failed, loudly. Below, we present you tech's 10 most tempestuous bosses — the ones who scream different. While some see them as sociopaths, Valleywag sees genius. More »

Tech Tyrants

Microsoft CEO Steve Ballmer


Steve Ballmer: Would like to "kill" Google and its "pussy" CEO
Microsoft CEO Steve Ballmer loses it all the time, but nothing beats the story of when former Microsoft engineer Mark Lucovsky went into Ballmer's office to say he'd been poached by Google. After Google hired away Microsoft executive Kai Fu-Lee, Microsoft sued and eventually, Lucovsky ended up telling the story under oath. A telling excerpt:
At some point in the conversation Mr. Ballmer said: "Just tell me it's not Google." I told him it was Google. At that point, Mr. Ballmer picked up a chair and threw it across the room hitting a table in his office. Mr. Ballmer then said: "Fucking Eric Schmidt is a fucking pussy. I'm going to fucking bury that guy, I have done it before, and I will do it again. I'm going to fucking kill Google."
More »

Eric Rudder

Microsoft heir apparent looks for life after Windows

Looking past the fail that is Vista, Microsoft is working on a next-generation operating system codenamed "Midori." Eric Rudder, a senior vice president at Microsoft whose name has been floated as Microsoft's next CEO, will be developing the new OS. Shockingly from a company known for slogging away at version after version of its existing software, Midori won't even be based on Windows. Programming for Midori will also be different, designed for many kinds of devices, from cell phones to server farms. More »

steve ballmer

Jon Miller drops out, so who's getting the top online gig at Microsoft?

Former AOL CEO Jon Miller, reportedly Microsoft CEO Steve Ballmer's favorite to lead the company's new online division, withdrew his name from consideration yesterday because he'll soon be joining Yahoo's board. So if not Miller, who's going to take on the task of saving Microsoft by building its presence on the Web? The top names under consideration: More »

microsoft

Ballmer's reorg memo, the 100-word version

Did Microsoft CEO Steve Ballmer really need 1,300 words to say the company has to do better against Apple and Google, with or without Yahoo? No, but he just can't help himself. A version you could get through before Microsoft's next reorg, below. More »

steve jobs

"The only problem with Microsoft is they just have no taste"

Flashback to 1996. Steve Jobs and Steve Ballmer in PBS' Triumph of the Nerds. Ballmer promises that Microsoft's newfound focus — after cutting ties to IBM — will rocket the company ahead. Just you wait and see!

steve ballmer

"The success of Windows is our number one job"

Shhh, don't tell Kara Swisher, but we kicked back and let Murdoch's most ruthless mommyblogger ferret out the full email from Microsoft's CEO about the pending shuffling of jobs across the company. We'll just link to it from our pedicure seats at the Valleywag spa. Ballmer name-checks Apple, Google, and Yahoo among the company's main targets.

mergers

AOL dealmakers meeting with Microsoft, taking calls from Yahoo

An AOL team of negotiators is in Seattle right now, trying to sell the business to Microsoft for a price somewhere between $10 billion and $15 billion. An AOL source told Silicon Alley Insider the probability that a deal gets done on this trip is "low/medium." Perhaps in an effort to speed the proceedings and ignite a bidding war, another source told Reuters that AOL-Yahoo merger negotiations — on since April — "have taken on new urgency." If such a bidding war goes down, bet that AOL goes to Microsoft, which has more cash than Yahoo. More importantly, CEO Steve Ballmer will refuse to get left at the altar by Yahoo CEO Jerry Yang again. More »

nerdfight

Yang and Bostock can't agree on whether to sell Yahoo search

Do Yahoo CEO Jerry Yang and Yahoo chairman Roy Bostock disagree on whether Yahoo should ever sell its search business to Microsoft? Citing several sources, BoomTown's Kara Swisher says she knows what Yahoo CEO Jerry Yang wants, period: More »

yahoo raid

Icahn files replacement Yahoo board slate with SEC

Corporate raider Carl Icahn made his proxy fight for control of the Yahoo board official today, filing an alternative slate with the Securities and Exchange Commission. The slate includes nine of the ten names Icahn already put forward in a letter to Yahoo chairman Roy Bostock. Bob Shaye, former cochairman and co-CEO of the recently defunct New Line Cinema, is no longer on the list. The filing includes a letter from Icahn to Yahoo shareholders in which Icahn urges them to vote for his slate because "Steve" — as in Microsoft CEO Steve Ballmer — told him it would grease the wheels for a deal: "If a new board consisting of my nominees were to be elected,Microsoft would be willing to enter into discussions regarding a transaction immediately." Icahn's proposed slate and its members brief bios, below. More »

yahoo raid

Microsoft not doing much to disprove Yahoo's "confusing and erratic" charge

Wait a minute: Now Microsoft wants to buy Yahoo again, provided the current board gets dumped? We could have sworn we heard Microsoft executives from Steve Ballmer on down talking about how the company had moved on. Right. If this is moving on, then Julia Allison is over Kevin Rose. I'm starting to believe Jerry Yang's version of the deal.

yahoo raid

Yang eyes AOL to save his job

Yahoo CEO Jerry Yang spent the holiday weekend with his company's Goldman Sachs advisers, devising a plan to present shareholders during the company's annual meeting on August 1. The goal: Craft an alternative to a company breakup or buyout at the hands of Microsoft, which would likely come at the cost of the entire Yahoo board's jobs, including Yang's. To escape such a fate, Yang and his bankers zeroed in on Time Warner, hoping to acquire its online property AOL in exchange for $10 billion worth of Yahoo stock. It's an old plan, brought up again last week after first surfacing in April. More »

search

Yahoo is Google's bitch, with or without search

Why is Jerry Yang clinging so desperately to Yahoo's search business, when Microsoft has made no secret of its willingness to buy it for billions of dollars? Sheer stubbornness, it seems. Heather Hopkins, an analyst at traffic-trends researcher Hitwise, has run the numbers, and found that Yahoo Search, while a decent standalone business, doesn't contribute much to the rest of Yahoo. Google accounts for far more traffic to almost all of Yahoo's properties. Ah, but perhaps that's where Yang's stubbornness comes from. More »

mergers

The five weeks Yahoo wants us all to forget ever happened

In a presentation filed with SEC earlier this week, Yahoo's board tried to convince Yahoo shareholders that "the record casts doubt on whether Microsoft was ever committed to a whole company acquisition." But Yahoo shareholders don't buy it. You shouldn't either. Why? Remember the five weeks between when Microsoft made is offer public on February 1 and March 10, when Yahoo execs finally agreed to meet. One major shareholder tells us:
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deals

Microsoft looking for a third to get in on the Yahoo action

Microsoft's latest plan: acquire Yahoo's search business and convince either Time Warner or News Corp to snatch up the rest. Microsoft CEO Steve Ballmer and Yahoo board chairman Roy Bostock had a meeting scheduled Monday to discuss the plans, but Ballmer called it off at the last minute, reports the Wall Street Journal. Yahoo sources took the cancellation to mean Ballmer couldn't persuade News Corp's chairman Rupert Murdoch or Time Warner CEO Jeff Bewkes to do the deal. They're probably right about Bewkes. Word has it he's hoping Yahoo will buy Time Warner's AOL, not the other way around. As for Murdoch, he's been willing to hand over MySpace for Yahoo stock since at least last year, but perhaps like us, he's wondering why anyone would make a move for Yahoo shares right now, when they don't seem to be going anywhere but down. (Photo by xamad)

jerry yang

Cowed Yahoo board members' wishlist of Yang and Decker replacements

Yahoo shares are almost below $20 in morning trading and as the company approaches its August 1 annual meeting, Yahoo's directors have finally begun to fear for their jobs and their reputations. They're negotiating with Yahoo's major shareholders and, along with agreeing to renew talks with Microsoft and approach AOL for acquisition, some on the board are offering to promote CEO Jerry Yang into a non-executive chairmanship and fire Yahoo president Sue Decker. Reporter's reporter Kara Swisher reports that shareholders and some board members have already come up with a wish list of names for the top jobs. More »

jerry yang

Yahoo CEO tries to convince shareholders Microsoft never wanted to merge

Perhaps you remember the morning of February 1, 2008, when Microsoft CEO Steve Ballmer made public his intentions to purchase Yahoo at $31 per share. Or maybe you recall Ballmer's angry letter on April 5, demanding Yahoo answer to Microsoft's offer. Yahoo CEO Jerry Yang and the Yahoo board of directors would prefer you not. According to a shareholder presentation the group filed with the SEC — part of its campaign against Carl Icahn's alternative slate — Yahoo's board wants Yahoo shareholders to believe that "the record casts doubt on whether Microsoft was ever committed to a whole company acquisition." More »