How’s This for “Creative Capitalism”?
We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well. I like to call this idea creative capitalism.”
–Microsoft Chairman Bill Gates, Jan. 24 2008
Just a few hours after Microsoft Chairman Bill Gates called for a “creative capitalism,” the company he founded proved that old-school capitalism is alive and well.
Microsoft reported an impressive second quarter, blowing the doors off Wall Street expectations and offering some optimistic guidance for 2008. Net income rose 79% from a year ago, and
quarterly revenue jumped 30% amid a surge in sales of the Windows OS and the Xbox 360. A strong showing made stronger still by third quarter and full-year forecasts that exceed even the most optimistic projections.