Local Maritz Top Candidate to Replace Ballmer as Microsoft CEO

Paul Maritz of Mercer Island is a top candidate to replace Steve Ballmer as CEO of Microsoft. He was with Microsoft from 1986 to 2000. His last position was executive vice president of the Platforms Strategy and Developer Group. He was part of the 5-person executive management team and, according to Wikipedia, was the third-ranking executive behind Bill Gates and Steve Ballmer. He was responsible for most of Microsoft's desktop and server software, including Windows and Internet Explorer.

From Brier Dudley’s 9/24/13 column in The Seattle Times:

“Fortunately for Microsoft and the future health of the Puget Sound economy there are two strong contenders to replace outgoing Chief Executive Steve Ballmer — one at hand and the other nearby.

. . .

“The obvious nearby candidate is Paul Maritz, a Zimbabwe native who led Microsoft’s platforms business and developer relations when he left the company in 2000 after a 14-year run.

“Maritz went on to lead strategy at business computing giant EMC and serve as chief executive of Palo Alto, Calif.-based virtualization pioneer VMware, but all the while kept his home on Mercer Island.”

Maritz’s local mansion is on the southwest point of Mercer Island near Paul Allen’s campus/compound. A previous post with more information about Maritz and his career and accomplishments was on 2/22/12.

Steve Ballmer’s local mansion is on the east side of Hunt Point adjacent to and south of the McCaw’s, formerly Kenny G’s, compound. Previous posts about Ballmer were on 5/23/12 (Forbes article about worst CEO) and 11/17/10 (Ballmer mansion).

Mitt Romney at Wayne Perry’s Medina Mansion

Presidential Candidate Mitt Romney attended fund raisers in Medina on June 4, 2012. The evening $25,000 per person event was at the waterfront mansion of Wayne and Christine Perry. More information, including a video, is in KING-5 news.

Wayne is National President of the Boy Scouts of America and former President of McCaw Cellular and a co-founder of the Seattle-based Monroe & Perry law firm which evolved into the prominent Stokes Lawrence firm. He was a Cub Scout as a young boy and has been involved with the Boy Scouts of America ever since. Previous Boy Scouts positions include president of the Chief Seattle Council and president of the Western Region. He was named International Commissioner in 2006 and National President in 2012. He also has an ownership interest in the Seattle Mariners. The mansion is 9,450 sq ft on 0.7 acres with 92 feet of waterfront.

An earlier in the day event was held at the mansion of Peter Neupert, a former Drugstore.com and Microsoft executive. He hosted a similar event in the 1990s for President George W. Bush. Neupert’s mansion is north of Perry’s and on Evergreen Point Road but not on the water. The mansion is 8,000 sq ft on 5.4 acres which is one of the largest lots in Medina. Both mansions are south of Bill Gates’ campus.

Ballmer Worst CEO - Forbes

Steve Ballmer’s Hunts Point Mansion

“#1 – Steve Ballmer, Microsoft. Without a doubt, Mr. Ballmer is the worst CEO of a large publicly traded American company today.” This is the first sentence about Steve Ballmer in a 5/12/12 Forbes article by Adam Hartung titled: “Oops! Five CEOs Who Should Have Already Been Fired (Cisco, GE, WalMart, Sears, Microsoft)”

The article continues: “Not only has he singlehandedly steered Microsoft out of some of the fastest growing and most lucrative tech markets (mobile music, handsets and tablets) but in the process he has sacrificed the growth and profits of not only his company but “ecosystem” companies such as Dell, Hewlett Packard and even Nokia. The reach of his bad leadership has extended far beyond Microsoft when it comes to destroying shareholder value – and jobs.

“Microsoft peaked at $60/share in 2000, just as Mr. Ballmer took the reins. . . only rarely made it back to its current low $30s value. . . execution of new rollouts were constantly delayed, and ended up with products so lacking in any enhanced value . . . as Apple took the leadership position in personal technology.

“So today . . . Microsoft is a PC company, nothing more, as demand for PCs shifts to mobile. . . An insane bet for any CEO – and one that would have been avoided entirely had the Microsoft Board replaced Mr. Ballmer years ago . . .

“Although he’s #19 on Forbes list of billionaires, Mr. Ballmer should not be allowed to take such incredible risks with investor money and employee jobs. Best he be retired to enjoy his fortune rather than deprive investors and employees of building theirs.”

Steve joined Microsoft in 1980 for a percentage of the company, a $50,000 annual salary and stock options. He was Microsoft’s 24th employee and first manager other than Gates and Allen. The Hunts Point mansion of Steve and Connie Ballmer is pictured above. They purchased the estate in 1987 for $1.3 million and extensively renovated the buildings, but maintained their charm, in 1991. The mansion and property has a $10 million estimated value. The main house is 4,175 sq ft and the property is 2.09 acres with 160 feet of waterfront. It is adjacent to the south of Craig McCaw’s (formerly Kenny G’s) mansion (4/30/12 post). The neighborhood is covered in a 2/16/11 Lake Washington Cruising post.

Paul Maritz Exec of the Year – Silicon Valley

Paul and Yaffa Maritz’s Mercer Island Home

Paul Maritz, a former Microsoft top executive, was named the Silicon Valley Business Journal's 2011 Executive of the Year. “2011 has been tough for many of Silicon Valley's biggest tech companies . . . All the while, VMware Inc. has been . . . steadily growing its business and developing new products that have kept it at the forefront of its industry. That's why, in this week's Business Journal, we named VMware CEO Paul Maritz as our Executive of the Year. . . is planning an expansion that will more than triple the size of its headquarters campus.”

He joined the company as CEO in 2008. VMware provides virtualization (cloud computing) software. Maritz’ corporate statement is “VMware enables our customers’ success by simplifying and automating IT in the Cloud Era.” Maritz was also the recipient of Computerworld’s 2011 Morgan Stanley Leadership Award for Global Commerce, “which recognizes individuals whose personal leadership has made a critical contribution to the effective use of information technology throughout the world.”

He was with Microsoft from 1986 to 2000. His last position was executive vice president of the Platforms Strategy and Developer Group. He was part of the 5-person executive management team and, according to Wikipedia, was the third-ranking executive behind Bill Gates and Steve Ballmer. He was responsible for most of Microsoft's desktop and server software, including Windows and Internet Explorer.

He has maintained his Mercer Island home that is near and south of Paul Allen’s campus/compound.  A major expansion of this home and dock house was completed in 2003. The living area is now 8,040 sq ft and the property is 1.6 acres with 169 feet of waterfront.

Obama Shirley Fundraiser

A major Seattle fund raising brunch for President Obama was held at the Medina mansion of former Microsoft President, Jon Shirley on September 25, 2011. More information is in a Seattle Times article that reported about 65 guests paid $35,800 per couple and listened to Obama blast the GOP.

Jon was President and COO of Microsoft from 1983 to 1990 when he retired.  He remains as a director of the company and is also a director of Seattle-based Manzanita Capital, a financial services company. Jon and his wife, Mary, are major donors to and supporters of local charities and the arts. Jon is Chairman of the Board of Trustees of the Seattle Art Museum and on the Chairman’s Council of New York City’s Museum of Modern Art. The couple collects art and vintage racing Ferraris.

The home is two houses north of Bill Gates’ property which has multiple buildings with more than 60,000 sq ft. The Shirley’s mansion has 27,255 sq ft with only two bedrooms. Much of the mansion’s space is for the art and automobile collections. The value of these collections is estimated to be worth more than the $40 million estimated value of the property. The property is on 4.35 acres with 244 feet of waterfront. It is on page 120 of Lake Washington 130 Homes.

Simonyi’s Windows 2000 House

Charles Simonyi is a Hungarian-born former Microsoft executive. He was the man once behind constructing Microsoft Office's Word and Excel software. His Medina mansion is one of the most picturesque and must-see places on Lake Washington (LW 130 Homes pages 4 and 94). The mansion is 19,000 sq ft on 1.3 acres with 300 feet of waterfront. The home is known locally as the “Windows 2000 House” and “Villa Simonyi.” It got the Windows 2000 name when Microsoft introduced Windows 2000. The rumor is a few windows were added to the house to bring the total to 2,000.

His former girl-friend, from the 1980s until 2008, was Martha Stewart. He picked her up with his personal jet when she got out of jail in 2005. He had a sudden infatuation with a new girlfriend Lisa Persdotter a Swedish socialite. They got engaged in St. Tropez, France on 08/08/08, the same day as 2008 Beijing Olympics opening ceremony. He was 60 and she was 28 at the time. They were married in Gothenburg, Sweden, on November 22, 2008, following three days of celebrations whose attendees included neighbor Bill Gates.

Simonyi was one of the initial commercial astronauts. He paid $25 million for a 2007 two-week International Space Station roundtrip aboard the Russian Soyuz space shuttles. He paid $35 million for a similar trip in 2009.

Liddell’s Mansion Sold – $4.5M to Chandan Chauhan

Christopher P. and Patricia Liddell sold their Medina mansion in March 2011 for $4.5 million to Chandan Chauhan.  Christopher had been CFO for Microsoft and GM (see 3/12/11 post).  Chandan is a co-founder and Sr VP for Bellevue based Intelius.  The company was founded in 2003 and specializes in searches of Internet records for background checks and personal and business protection services.  Intelius’s primary co-founder, President and CEO is Naveen Jain (page 95 in LW 130 Homes).

The estate has 7,365 sq ft on 0.63 acres with 134 feet of waterfront, 5 bedrooms and 5 baths. It is near the tip of Evergreen Point, facing west and about 120 yards north of Michael Mastro’s former mansion. The Liddells purchased the mansion in 2005 for $7 million. This home features a prime view, lush landscaping with a brook and pond, a large game room with a second kitchen, and two docks.  More information is in Lake Washington 130 Homes on page 127.

Liddell’s Medina Mansion – Resigns From GM

This home is owned by Christopher P. and Patricia Liddell. Christopher, born in New Zealand, had been with Microsoft as Senior Vice President and CFO from 2005 to 2009. He came to Microsoft from International Paper where he was Sr. VP & CFO. He left Microsoft in December 2009 and moved in 2010 to Detroit to take the CFO position with GM. His base starting salary with GM was $750,000 per year and it was publicized he could get up to $5.45 million in stock. (Go to Seattle Times December 24, 2009, article.) The Medina home was listed for sale at $8.8 million in May 2009 but did not sell.

The national press and the Seattle Times announced on March 10, 2011, Chris was resigning from GM after being passed up for the top job. He had been recognized as doing an outstanding job as GM’s CFO.

The estate has 7,365 sq ft on 0.63 acres with 134 feet of waterfront, 5 bedrooms and 5 baths. It is near the tip of Evergreen Point, facing west and about 120 yards north of Michael Mastro’s former mansion. The Liddells purchased the mansion in 2005 for $7 million. This home features a prime view, lush landscaping with a brook and pond, a large game room with a second kitchen, and two docks. More information is in Lake Washington 130 Homes on page 127.

Microsoft’s Ballmer’s Mansion

Steve Ballmer’s Hunts Point Estate

The Seattle Times reported that many stockholders at Microsoft’s 11/16/10 annual meeting “grumbled about Microsoft’s languishing stock price.” Click here CEO Steve Ballmer conducted most of the meeting and discussed Wall Street’s disconnect to the stock price, optimizing every day, new products, and Goldman Sachs’ suggestion to break up the company.

The Seattle Times also reported, in an 11/5/10 article, Ballmer is selling $2 billion of his Microsoft stock. This is about 18% of his holdings. Click here 

Compared to the other 30 present and past Microsoft executives’ homes in my book, Ballmer has a relatively modest estate. It is in Hunts Point and next door to Craig McCaw’s (formerly Kenny G’s) estate. The photograph above is from page 155 in my book, Lake Washington 130 Homes.

Gary Reed Sells Medina Mansion for $22 Million

William G. “Gary” Jr. and Victoria Reed sold their 8,600 sq ft Medina home (page 100 in Lake Washington 130 Homes, http://www.hundredhomes.net/) in September 2009. This and the Bezos estates at 5.35 acres each are the largest in Medina. This estate has 305 feet of waterfront and the property stretches over 200 yards from the shoreline to Overlake Drive. The lot is relatively flat with lush landscaping and a tennis court at the water’s edge. The sale went relatively unknown since it was a private, family transaction. The recorded buyer was Blue Water Realty LLC whose principals are Gary’s son, Doug Reed, and Sarah Reed. I have not been able to verify if that is who is living there. Please comment if you know.

Gary and Victoria have moved to their new mansion in Madison Park (see later blog above). The Seattle Times labeled Gary “the most powerful Seattle business leader you’ve likely never heard of.” He is or has been on the Boards of Microsoft, Paccar, Safeco, The Seattle Times Company and Washington Mutual. He is the grandson of Mark Edward Reed who joined Simpson Logging in 1897 and was named president after the company’s founder, Sol Simpson, died in 1906. The Reed family bought out the Simpson family and the company is now one of the largest private, family owned companies in the state. It is now Tacoma-based Simpson Investment Company. Gary worked in executive positions with the company starting in the 1960s and served as Chairman from 1971 to 1996. He oversaw the company’s expansion into plastics and other manufacturing.

(Information on his new Madison Park home is above.)

Bill Gate’s Convention Center

A – Grand Staircase – 92 feet long, descending 84 steps with roof 63 feet above the stairway.  The Grand Entrance is at the top with a 6,300 sq ft garage for guest limos.  The gate for the road to the estate is in the upper right.  The driveway continues past the Grand Entrance through a second gate to the family four car garage above the inner sanctum [D].

B – Library (hidden behind [A] and trees), 2,100 sq ft and home to Leonardo da Vinci’s Codex Leicester.

C – Guest and convention wing with reception hall, guest rooms, dining rooms, kitchens, meeting rooms, theaters, etc.

D – Family 11,500 sq ft “inner sanctum” with 4 bedrooms. A 60 x 17 foot indoor/outdoor pool is below and the lakefront building is the boat house.

E– Executive offices and main reception hall.

F – Security offices, activity center and exercise room.

Since 1997 Microsoft and Bill Gates have been holding an annual very exclusive “CEO Summit.”  The inaugural 1997 conference introduced his 50,000 sq ft, $150 million, Lake Washington estate that was near completion. Usually about 100 top-level people from around the world attend. Sessions and meetings are held at the Microsoft campus and Bill’s estate, aka his personal Convention Center.  Most of the meetings and social events are closed to the media and public and advance notices of the times and places of these are not provided. The above is a guide to his lakefront convention center as viewed from the public waters.  The estate along with more information is in my book, Lake Washington 130 Homes, on pages 118 and 119 (www.hundredhomes.net).