The meaning of Bill Gates

The Economist: The meaning of Bill Gates

As his reign at Microsoft comes to an end, so does the era he dominated.

WHEN Bill Gates helped to found Microsoft 33 years ago there was a company rule that no employees should work for a boss who wrote worse computer code than they did. Just five years later, with Microsoft choking on its own growth, Mr Gates hired a business manager, Steve Ballmer, who had cut his teeth at Procter & Gamble, which sells soap. The founder had chucked his coding rule out of the window.

In becoming the world’s richest man, Mr Gates’s unswerving self-belief has repeatedly been punctuated by that sort of pragmatism. But those qualities have never been on such public display as they were this week, when the outstanding businessman of his age stepped back from a life’s work. …


Comments

9 responses to “The meaning of Bill Gates”

  1. Michael,
    Thanks for this note re Gates. Now I really want to read this article.

  2. You’re welcome Jim.

  3. …I’d like to read the article, too…but the link seems to be broken!
    By the way, have you done a review of Thomas Sowell’s book there in your “recently read” stack?

  4. Try the link now. It could have been my error but Typepad has been giving me headaches the past couple of days.

  5. Oh, and about Sowell’s book, I haven’t done a review. However, I may yet get to one. I also may do some posts about specific issues he raises. Good stuff.
    First I have to escape San Jose.

  6. Link fixed…thanks!

  7. William Apel Avatar
    William Apel

    It happens occasionally that a ‘true gem’ of an idea is embedded in a substantial article and is therefore often overlooked. Therefore, it bears repeating the following:
    ‘Whatever the corporate-social-responsibility gurus say, business is a force for good in itself: its most useful contribution to society is making profits and products. Philanthropy no more canonises the good businessman than it exculpates the bad.’
    Well said.
    Even the noted labor leader Samuel Gompers realized: “The worst crime against working people is a company which fails to operate at a profit.” Today’s society constantly demagogues companies just because they make a profit. They fail to realize that profits (even those of oil companies) mean progress.

  8. Profits are to a business what food is to a living organism. They’re not the sole reason for existence but they are essential for existence.
    People fail to realize that even nonprofit operations are profit-making enterprises. If you don’t consistently bring in more than you expend you will die. The “non” in nonprofit refers to the fact that the profits are not distributed to shareholders, not to a failure to achieve excess income.
    Businesses create and expand human flourishing by generating goods and services for less cost and/or better quality than consumers could produce themselves. They pressure markets toward ever more efficient and less wasteful uses of resources. They integrate society. They provide employment that enables human flourishing. And they do this in over sustained periods of time.
    Commerce is a human institution and is consequently not free from the distorting influences of fallen human beings, but the article is right that business is a force for good in itself.
    Thanks for the Gompers quote and thanks for highlighting this excerpt.

  9. Samah Avatar
    Samah

    Can somebody please summarize this article for me? I’d kindly appreciate it.

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