In a 3,000-word memo to all MicroStrategy employees on March 16, 2020, entitled "My Thoughts on COVID-19," Saylor criticized countermeasures then being recommended against the disease, saying that it is "soul-stealing and debillitating to embrace the notion of social distancing & economic hibernation" and predicting that in the worst-case scenario, global life expectancy would only "click down by a few weeks." Saylor also refused to close MicroStrategy's offices unless he was legally required to do so. As a result of the restatement of results, the company's stock declined in value and Saylor's net worth fell by $6 billion. In December 2000, Saylor settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million. Securities and Exchange Commission (SEC) brought charges against Saylor and two other MicroStrategy executives for the company's inaccurate reporting of financial results for the preceding two years. Saylor said in a press release, "As Executive Chairman I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations." SEC investigation Phong Le, the company's president, succeeded him as CEO. On August 8, 2022, Saylor resigned as CEO and remained executive chairman of MicroStrategy. Saylor was also featured by the MIT Technology Review as an "Innovator Under 35" in 1999.
Mical share program software#
In 1997, Ernst & Young named Saylor its Software Entrepreneur of the Year, and the following year, Red Herring Magazine recognized him as one of its Top 10 Entrepreneurs for 1998. In 1996, Saylor was named KPMG Washington High-Tech Entrepreneur of the Year. By early 2000, Saylor's net worth reached $7 billion, and the Washingtonian reported that he was the wealthiest man in the Washington D.C. He owns over 39,521 units of the company worth over $14,482,075. The stock price doubled on the first day of trading. Saylor took the company public in June 1998, with an initial stock offering of 4 million shares priced at $12 each. The contract with McDonald's led Saylor to realize that his company could create business intelligence software that would allow companies to use their own data for insights into their businesses. In 1992, MicroStrategy won a $10 million contract with McDonald's to develop applications to analyze the efficiency of its promotions. The company began developing software for data mining, then focused on software for business intelligence. Using the funds from DuPont, Saylor founded MicroStrategy with Sanju Bansal, his MIT fraternity brother. The simulations predicted that there would be a recession in many of DuPont's major markets in 1990. In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets. in 1987, where he focused on computer simulation modeling for a software integration company. He graduated from MIT in 1987, with a double major in aeronautics and astronautics and science, technology, and society.Ī medical condition prevented him from becoming a pilot, and instead, he got a job with a consulting firm, The Federal Group, Inc. He joined the Theta Delta Chi fraternity, through which he met the future co-founder of MicroStrategy, Sanju K. In 1983, Saylor enrolled at the Massachusetts Institute of Technology (MIT) on an Air Force ROTC scholarship.
When Saylor was 11, the family settled in Fairborn, Ohio, near the Wright-Patterson Air Force Base. Saylor was born in Lincoln, Nebraska on February 4, 1965, and spent his early years on various Air Force bases around the world, as his father was an Air Force chief master sergeant.
0 kommentar(er)
