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The Microsoft Millionaires Come of Age

Posted by ryuzaki0 on from the slashdot-editors-accepting-donations dept.

iseff writes "The NYTimes is running a story about the ways in which Microsoft millionaires are putting their money to use. According to the story, there is somewhere around 10,000 Microsoft made millionaires spending money on various pet projects. For example, former programmer Chris Peters bought the PBA (Professional Bowlers Association), while Stephanie DeVaan founded a political action committee and Rich Tong founded Ignition Partners, a VC firm."

3 of 360 comments (clear)

  1. Re:$60 Million House - Trickle UP Economy... by Neopoleon · · Score: 5, Insightful

    "And one William Gates put $53 million back into the economy the old fashioned way by building a house."

    Along with over $25 billion to charitable causes.

    http://www.gatesfoundation.org/default.htm

    He deserves the house, I say.

    --
    - Rory [Microsoft Employee] | Free dirt: neopoleon.com
  2. A Million dollars doesn't go as far as it used to by Anonymous Coward · · Score: 5, Insightful

    Tried shopping for a house in New York City? Being a millionaire used to mean you were rich. Now it just means you are middle class with some savings.

  3. Re:I know it is capitailism and all... by NitsujTPU · · Score: 5, Insightful

    Apparently you don't understand what it means to charge too much.

    Charging too much puts you in the poorhouse. Charging what the market is willing to bear makes you wealthy.

    It sounds to me as if they are charging correctly. Now, if you want to argue that they have monopolist tactics and such, well, you could build an argument, but to say that charging too much made them wealthy merely shows that you are arguing that MS should be some sort of charitable organization.

    I don't think that I would ever go to any company VP (and I know a few) and tell them "You know, we make too much money around here, lets lower prices."