Microsoft CEO “Disgusted” By Staff Celebrating Trillion Dollar Milestone
As large cap tech competition continues to intensify, Microsoft Chief Executive Satya Nadella has shocked some commentators by voicing his disgust with staff who celebrate its recent trillion dollar valuation.
The news comes after Microsoft overtook Apple and Amazon as the world’s most valuable company in April, notching a market cap over US$1 trillion.
It’s the first time Microsoft has gained entry into the ‘trillion dollar club’, with Apple and Amazon the only other US companies to achieve such a feat.
Contrasting the ‘work hard, play hard’ cliche of Silicon Valley, Mr Nadella asserts market cap-related milestones are not worth celebrating – adding he’s “disgusted” by those who do.
“I would be disgusted if somebody ever celebrated our market cap,” he remarked in an interview with Bloomberg Businessweek.
Nadella affirms market valuations are not a “meaningful” barometer.
He warns should Microsoft staff choose to celebrate such a milestone it would be “the beginning of the end.”
The news comes as Microsoft amps up the ante against Apple and Amazon, contrasting the trajectory of some years prior.
Commentators asserts Nadella is a crucial instrument for spearheading the cultural shift which has propelled the company forward.
Speaking to Bloomberg, Nadella asserts Microsoft is making a conscious effort to not rest on past laurels:
“At Microsoft we have this very bad habit of not being able to push ourselves because we just feel very self-satisfied with the success we’ve had”
“We’re learning how not to look at the past.”
Some commentators perceive Nadella’s comments as proof of Microsoft’s cultural growth mindset – required for innovation in the current tech market climate.