First - my point was about shareholder value. That has been depressed substantially since he took over, on a market relative basis.
Second, It was the largest company in the world when he took the reigns. He's been the boss for 12 years. 9% annualized revenue growth and 6% annualized earnings growth doesn't strike me as astronomical, particularly when people were calling for 25% annualized growth for MSFT in 99/00.
Again, you can argue that Microsoft was overvalued when Ballmer took over (and you'd be right), but the point is that even on the basis of fundamentals, his performance has not been outstanding.
Second, It was the largest company in the world when he took the reigns. He's been the boss for 12 years. 9% annualized revenue growth and 6% annualized earnings growth doesn't strike me as astronomical, particularly when people were calling for 25% annualized growth for MSFT in 99/00.
Again, you can argue that Microsoft was overvalued when Ballmer took over (and you'd be right), but the point is that even on the basis of fundamentals, his performance has not been outstanding.