Steve Ballmer Quotes
We don't have a monopoly. We have market share. There's a difference.
Ballmer, Steve. Interview with The Wall Street Journal. The Wall Street Journal, Dow Jones & Company, 1999.
He was the judge who presided over the breakup of AT&T in 1984
Patents, copyrights, and franchises are but 3 common (and legal) ways of obtaining a onopoly position.See Adam Smith {627790} for a similar thought.
This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.
Most companies in a capitalistic system compete mightily to obtain monopolistic positions so they can avoid capitalistic competition thereafter.
Steven Anthony Ballmer is an American billionaire businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the current owner of the Los Angeles Clippers of the National Basketball Association (NBA). As of April 2021, Bloomberg Billionaires Index estimates his personal wealth at US$93.9 billion, ranking him as the 9th richest person in the world.