bazillion dollars, maybe two. to the way back machine, please, it s 1973 and geeky bill has a great idea for a business, packs up, leaves harvard and scrapes together a few bucks and from the garage starts the microsoft company, later shortened to microsoft, comes up with great ideas and boom, the space time continuum to 1986 when microsoft no longer operating out of bill s garage makes an initial public stock offering, five lucky folks, including bill become balance nai billionaires with a b. and 2010 and thousands of others joined the super rich club courtesy of microsoft stock and almost 90,000 folks in total draw weekly paychecks courtesy of bill s idea. so do the math. bill makes a ton and paves the way for a whole lot of others to do the same and many, many,
bazillion dollars, maybe two. to the way back machine, please, it s 1973 and geeky bill has a great idea for a business, packs up, leaves harvard and scrapes together a few bucks and from the garage starts the microsoft company, later shortened to microsoft, comes up with great ideas and boom, the space time continuum to 1986 when microsoft no longer operating out of bill s garage makes an initial public stock offering, five lucky folks, including bill become balance nai billionaires with a b. and 2010 and thousands of others joined the super rich club courtesy of microsoft stock and almost 90,000 folks in total draw weekly paychecks courtesy of bill s idea. so do the math. bill makes a ton and paves the way for a whole lot of others to do the same and many, many,
ackerson, who is on the gm board of direct officers will be no public search. caught a lot of people by surprise. how is the board of directors running general motors? big question as they prepare to go through a public stock offering. yeah. and bottom line it for people because, look, i mean, this isn t a company that americans are just watching as a spectator. yeah. taxpayers own 61% of this company it is a critical time, as it is about to do this initial public offering, selling its stock on the open market. so are these questions of confidence and who is running the ship, does it affect i mean, the value that it might get and ultimately whether taxpayers get paid back? well it could affect the initial take, full, on wall street. do the investment banks look at gm and say, we have as much confidence in this company performing as we expected before with a new ceo in place? ultimately whether or not the taxpayers get they re money back depends on how the company performs and
pm your #1 choice. here are some stories to watch today on abc news. general motors may post its best quarterly earnings report in years today. that s after gm paid back billions in government loans. there are also reports the automaker may file for an initial public stock offering on friday. also, overseas stock markets are falling this morning after the dow jones biggest slide since june. the dow lost 2.5% of its value yesterday due to some disappointing economic reports. also, india is considering shutting down blackberry service unless the government s security concerns are addressed in meetings that are set for later today. finally this half hour, a house that is older than dirt. literally. archaeologists in england uncovered britain s oldest
but it was a difficult you could believe in what you re doing and take astronomical amounts of money for it too. we just felt that doing that and going down that path would not help us build facebook out to what we thought it could be. what does it mean to you to be a billionaire right now? well, i m not. the company is a private company so i don t have access to any monies like that. i read once that you said you did want a jet, you wanted your own plane. i don t think i ever said that. i know it s a private company, how much profit? how much income, how much profit? we re not going to answer that. that s the advantage of being a private company. want to give us a hint? naw. reporter: the business world is salivating over the possibility of a public stock offering, an ipo. when it makes sense. we re not running the company to do that, we re running the company to serve more people. reporter: but all of this has