Ten billionaires who are worthless
Ten billionaires who are worthless
Business magazine publishes list of ten tycoons who are past their prime or whose power has peaked. Out go Arun Sarin, Steve Ballmer and Linus Torvalds.

New Delhi: Arun Sarin, the chief of Vodafone, the head of world’s largest mobile operator, and Steve Ballmer, the chief of Microsoft, the world’s biggest software maker, are nobodies—that’s what a magazine says.

The two tycoons feature in the list of ‘10 people who don't matter’, published in the latest July issue of Fortune group magazine Business 2.0.

"Not everyone with a fancy title really counts" and these are the "people you can safely snub at conferences," said the magazine, which is part of the global media conglomerate CNN-Time Warner group that also publishes Fortune, Money and Fortune Small Business magazines.

This list contains names of people whose power had peaked, influence had waned, or whose true importance was overstated, Business 2.0 said.

These are the people who are worth billions of dollars, command big salaries and have impressive titles and among them are the creators of the Sony PlayStation, the DVD, and Linux. While they might be much respected for their achievements, their best days are behind them.

The list of 10 people who do not matter has been published along with a separate list of "50 who matter now" in the same issue, which is led by "You! the consumers" at the top position.

The magazine said that while selecting names for the top-50 list, it found itself discarding name after name of people whose power had peaked—which led to a list of 10 people who do not matter in no particular order.

About Sarin, the magazine said that he might run the world's largest mobile phone operator Vodafone, but he faces the "unenviable job of jump-starting growth" at a company that has more than 100 billion dollars in annual sales and 171 million customers worldwide.

Sarin is also coming off a rough quarter in which his London-based company announced a $40-billion loss.

The magazine said Steve Ballmer is a "lame duck." "With longtime partner Bill Gates stepping away from his day-to-day role to focus on saving the world, and Ray Ozzie playing the role of resident visionary, the CEO job just won't be as much fun," Business 2.0 said.

The list also included Jeffrey Citron, chairman and chief strategist of Vonage, NetFlix CEO Reed Hastings, Sony Computer Enetertainment President Ken Kutaragi, HD-DVD Promotion Group Senior Consultant Warren Lieberfarb, Rob Malda of Slashdot.org, Sun Microsystems CEO Jonathan Schwartz, Linux creator Linus Torvalds and Facebook founder Mark Zuckerberg.

What's your reaction?

Comments

https://rawisda.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!