economy

Microsoft CEO: True U.S. recovery should include the poor

May 25, 2010: 12:59 PM ET

Sustained unemployment would eventually put a damper on the market's early gains

Microsoft CEO Steve Ballmer says so far, the U.S. recovery has mostly helped the affluent. Photo: Jon Fortt.

So far the main beneficiaries in the nascent recovery have been well-off, says Microsoft CEO Steve Ballmer. For things to really bounce back, things need to get better for everyone else.

I caught up with Ballmer at Microsoft's (MSFT) Redmond headquarters last week, and we covered a wide range of topics. His overall message: Microsoft has a lot of big launches across productivity, mobile and entertainment, and expects to do well. But he also offered his nuanced perspective on the U.S. economic picture. More

  • The 10 and 10 rule: Bad news for U.S. and China alike

    The preferred exercise at Davos so far is hand-wringing.

    Concern over the future of the economy and finger pointing over what went wrong have dominated the first day's discussions. There's even an emerging buzz expression to capture the fears of the financierati. It is "10 and 10," and refers to the unhealthy combination of 10% unemployment in the United States with 10% economic growth in China. You can't have it both MORE

    - Jan 27, 2010 9:50 AM ET
    Posted in: , , ,
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.