Why do billionaires Steve Ballmer and Eric Schmidt still work?
Steve Ballmer has a net worth of $11 billion and Eric Schmidt has a net worth of $4 billion. They both become billionaires as employees of big companies (ballmer as the CEO of Microsoft and Schmidt as CEO of Google). What I don’t get is why don’t they hire some hotshot business school graduate ot run the show while they retire and live wealthily ever after?
Why would you? Would you trust someone else with your future? Did they get that rich by sitting on their asses? Look at it this way. Most of their wealth is tied to stocks and if some so-called hotshot came in and caused the value of their stock to drop and they lost their shirts, who could they blame for being broke? Contrary to popular belief, being rich doesn’t make your problems go away; just makes them more expensive. Just look at Bernie Madoff’s investors.
May 16th, 2010 at 10:35 pm
You got to remember these guys have been doing this since they were kids, it was their hobby. So they love it, why would they quit doing something they love? It was never about the money for them. To keep doing your hobby and get paid megabucks, why would you quit that?
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May 16th, 2010 at 11:19 pm
Why would you? Would you trust someone else with your future? Did they get that rich by sitting on their asses? Look at it this way. Most of their wealth is tied to stocks and if some so-called hotshot came in and caused the value of their stock to drop and they lost their shirts, who could they blame for being broke? Contrary to popular belief, being rich doesn’t make your problems go away; just makes them more expensive. Just look at Bernie Madoff’s investors.
References :
Me. Someone who never wants to be rich; just comfortable