Steve Ballmer was an underrated CEO (2024)

There's a common narrative that Microsoft was moribund under Steve Ballmer and then later saved by the miraculous leadership of Satya Nadella. This is the dominant narrative in every online discussion about the topic I've seen and it's a commonly expressed belief "in real life" as well. While I don't have anything negative to say about Nadella's leadership in this post, this narrative underrates Ballmer's role in Microsoft's success. Not only did Microsoft's financials, revenue and profit, look...