Bitter Former CEO Steve Ballmer Calls Microsoft Profits Bull****

Steve Ballmer loves having a pop at his old company. The former Microsoft CEO – but still a majority shareholder – takes any opportunity to put the boot into his successor, Satya Nadella, as he did recently when dismissing the company’s aim to create a new generation of universal apps that run on phones, tablets, and computers alike.

Now, at a shareholder’s meeting on Wednesday, Ballmer lost his temper with Nadella, shouting that Microsoft’s key strategy “won’t work” and calling its financial reporting “bull****,” according to Bloomberg.

“They should report the revenue, not the run rate,” Ballmer said during the meeting, calling the use of the run rate to supposedly obfuscate the real figures “bull****.”

Microsoft refused to rise to Ballmer’s inflammatory posturing, with Chris Suh, General Manager for Investor Relations for Microsoft, saying, “We enjoy a regular dialogue with Steve, and welcome his input and feedback, as we do from our other investors.” said.

Ballmer seems bitter that the company he left flailing after an unsuccessful 12 months at the helm is thriving without him – Windows 10 is the company’s most successful operating system yet – and resents Nadella for changing the strategies he put in place, such as his plans for the Windows Phone.

But even when he’s happy, he does love a good shout, that Ballmer…

Image courtesy of Computer World.

Microsoft Planning Its Biggest Job Cut In Its History

If you are a Microsoft employee then there is reason to worry right now. According to insider sources cited by Reuters Microsoft could be looking to cut as many as 6000 jobs in an announcement that will be made later on today. Microsoft is seeking to trim-down the newly acquired Nokia smartphone business as well as reshape the cloud-computing and mobile software divisions. The job cut could end up being the largest in Microsoft’s 39 year history coming just five months after the new CEO Satya Nadella took to the helm. Just last week the new CEO spoke to the public and Microsoft’s employees about his vision to create a leaner business.

Microsoft is rumoured to be cutting staff mainly at the Nokia division but some job losses might also come in the Xbox Game and Entertainment unit. Microsoft is currently undergoing a visionary change under its new CEO that will see it move from a primarily software company to one that sells online services, apps and devices with a specific focus on productivity.

Nadella’s cuts are expected to be the biggest since former CEO Steve Ballmer axed 5800 jobs (6% of Microsoft’s workforce) in 2009 during the depths of the Western recession.

Source: Reuters (via Business Insider)

Image courtesy of WeNerdHard.com

Alan Mulally Won’t Be Next Microsoft CEO, Market Cap Drops $12B

Many Microsoft investors have dumped their stocks after it was revealed that the current Ford President and CEO Alan Mulally will not be joining the company as their next CEO. Edsel Ford II stated that Alan would be staying with his current position through to the end of 2014, putting Alan well outside the current 12 month range that the current Microsoft CEO has proposed to find a replacement.

The news say Microsoft taking a 3.5% hit, loosing them $1.43 per share. or to sum that up for you, Microsoft just lost $12 billion worth of value over night, leaving them at a value of $38.94 per share. The company is hardly about to go bust of course, this is just the usual ups and downs for a company of this size, but it shows just how eager the world is to learn who will take the big seat.

Let’s keep in mind that this is just based on Edsel Ford II’s statement, Alan Mulally could still be in the running, although it does seem unlikely now. Now it looks like Microsofts own Satya Nadella is the front running candidate.

Thank you TechCrunch for providing us with this information.