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Steve Ballmer

All articles tagged with #steve ballmer

sports3 months ago

Clippers and Kawhi Leonard: Inside the Turmoil and Financial Controversies

The Los Angeles Clippers purchased around $56 million in carbon credits from Aspiration, which may have been used to circumvent salary cap rules related to Kawhi Leonard's payments. The team claims these purchases were part of their environmental efforts, but an investigation into the financial dealings involving owner Steve Ballmer, Leonard, and Aspiration is ongoing, with potential implications for the team and players.

via Hoops Rumors|
#aspiration#carbon-credits#clippers
business4 months ago

Steve Ballmer's $10M Investment and the Kawhi Leonard Endorsement Controversy

Steve Ballmer invested nearly $10 million in Aspiration in March 2023 amid an NBA investigation into a no-show endorsement deal allegedly given to Kawhi Leonard, which Aspiration is accused of using to circumvent salary cap rules. The investment followed previous large investments by Ballmer and other Clippers officials, with the league seeking to determine if any impropriety occurred. Ballmer claims he was duped by Aspiration, whose co-founder pleaded guilty to fraud.

via New York Post|
#aspiration#business#investment
sports4 months ago

NBA Investigates Kawhi Leonard and Clippers' Cap Circumvention Allegations

The NBA is investigating the Los Angeles Clippers over allegations that they used a sponsorship deal to circumvent salary cap rules by paying Kawhi Leonard millions of dollars without proper contractual disclosure, which could lead to severe penalties if proven true. The investigation is ongoing, and the league is examining evidence to determine the extent of the alleged misconduct.

via The Ringer|
#clippers-scandal#kawhi-leonard#nba-investigation
sports4 months ago

Clippers Owner Steve Ballmer Addresses Kawhi Leonard Endorsement Controversies

Los Angeles Clippers owner Steve Ballmer has called for an NBA investigation into allegations that he and Kawhi Leonard circumvented salary cap rules through a $28 million endorsement deal with the company Aspiration, which was later revealed to be involved in a fraudulent scheme. Ballmer claims he was unaware of the negotiations and was duped by the company, which has pleaded guilty to wire fraud, and he faces potential legal consequences.

via New York Post|
#kawhi-leonard#nba-investigation#salary-cap
business1 year ago

"Steve Ballmer's 5 Tips for Success: From Bill Gates' Assistant to 6th Richest Person"

Steve Ballmer, the former CEO of Microsoft and the sixth richest person in the world, celebrates his 68th birthday with a net worth of about $148 billion. His career at Microsoft saw significant growth and success, with a focus on adapting to changing market trends, hiring top talent, rethinking business models, and planning for both short and long-term goals. Ballmer has also ventured into philanthropy and entrepreneurial endeavors, including owning the NBA's Los Angeles Clippers and investing in initiatives to support economic mobility and Black-owned businesses.

via Fortune|
#billionaire#business#microsoft
technology1 year ago

"Tech CEOs' Take on Apple's Vision Pro: Zuckerberg's Critique and Praise"

Mark Zuckerberg's Instagram video claiming that Meta Quest 3 is "better period" than Apple's Vision Pro has drawn comparisons to Steve Ballmer's dismissive comments about the iPhone. Many view Zuckerberg's video as predictably self-serving, with some describing it as his "Steve Ballmer moment." In the video, Zuckerberg expressed surprise at Quest 3's superiority over Vision Pro for most users, citing affordability and functionality. The comparison to Ballmer's infamous iPhone remarks raises questions about the potential impact of Zuckerberg's comments on Meta's reputation.

via 9to5Mac|
#apple#mark-zuckerberg#meta
business2 years ago

Steve Ballmer climbs Bloomberg's billionaires list, closing in on Bill Gates

Former Microsoft CEO Steve Ballmer has secured the fifth position on Bloomberg's billionaires list with an estimated net worth of $117 billion. Ballmer's primary asset is his 4% stake in Microsoft, and he also owns the Los Angeles Clippers. Bill Gates, the co-founder of Microsoft, is ranked one spot ahead of Ballmer with a personal fortune of about $122 billion.

via Fox Business|
#bill-gates#bloomberg-billionaires-index#business