Steve Ballmer says everybody must get fired (well, 6.5% of everybody)


steve ballmer, the cutthroat
capitalistWhy aren't you firing more people? asked Microsoft CEO Steve Ballmer of British managers during the Institute of Director's conference yesterday, the London Times reports. After all, he himself makes a policy to dismiss 6.5% of his employees every year. And when in doubt? Fire twice as many.

It's not whether they're doing a good job, he says: it's all about whether you can find better people.

Critics are naturally saying that this strategy will create a "culture of fear." And, bizarrely, his comments came immediately after Cadbury Schweppes CEO Todd Stitzer was bemoaning a "serious image problem" in which businesses were seen as heartless capitalists. Not as heartless as U.S. business I suppose!

I just hope Ballmer doesn't apply this strategy to his marriage. "Sorry, Mrs. Balmer! It's not that you're a bad wife. It's just... the lady I met in tango class is so much better."

[Photo Microsoft]

Reader Comments (Page 1 of 2)

| 1 | 2 |
Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 05:56 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329130588481 ms.