Satya Nadella is the CEO of the World's Most Valuable company and was named Fortune's Businessman of the year.
In 2013, then current CEO Steve Ballmer announced his departure and to many people's surprise, Microsoft chose Satya Nadella as his replacement. Many questioned the choice as Nadella was not a founder like Bill Gates or even a big personality like other CEOs in the spotlight. But, the new CEO went on to lead some of Microsoft's biggest acquisitions.
In 2016 Microsoft acquired Linkedin for $26.2 billion dollars and in 2018, the company acquired GitHub for $7.5 billion dollars. In time, Nadella turned Microsoft into a mobile and cloud company. With this, Nadella transitioned Microsoft into a company of the future.
Nadella's work was validated when on April 25th of this year, Microsoft hit the $1 trillion value mark, up 230 percent since his start at the helm of the company. Another high point for the tech giant, Microsoft earned $39 Billion in revenue for the fiscal year of 2019. That means Microsoft is growing its profit at a three year compound annual rate of 11 percent. The company won the $10 billion JEDI cloud computing contract with the Pentagon in October, and more recently in November, Microsoft had another win, announcing that its workplace messaging app has 20 million daily active users, surpassing rival, Slack.
And to what does Nadella credit the success of the company? His reliance on others. "I'm wired to be fairly confident in myself and to let others shine," the CEO told Fortune.
Can Satya Nadella roll his momentum into 2020? In a crowd of noisy business leaders like Elon Musk and Jeff Bezos, it looks like the former underdog, Satya Nadella could be most likely to succeed.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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