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Don Corleone

Seattle Seahawks owner Paul Allen dead at 65

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Paul Allen, the owner of the Seattle Seahawks who became one of the richest people in the world after co-founding Microsoft, has died at the age of 65.

Allen revealed two weeks ago that he was battling non-Hodgkins lymphoma, although he released a statement that sounded optimistic and said he would fight the disease aggressively.

After buying the Seahawks in 1996, Allen earned a reputation as an owner who was willing to spend whatever it took to give his team the best chance to win, but who was also hands-off enough that he allowed the coaches and personnel executives to determine the best course for the team. The results spoke for themselves, as the Seahawks built a competitive roster and won Super Bowl XLVIII.

Allen’s sister, Jody Allen, released a statement on behalf of the family.

"My brother was a remarkable individual on every level,” she said.
While most knew Paul Allen as a technologist and philanthropist, for us he was a much loved brother and uncle, and an exceptional friend. Paul’s family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us – and so many others – we are profoundly grateful for the care and concern he demonstrated every day.”

Allen never married and had no children. It is unknown who will inherit the Seahawks.

https://profootballtalk.nbcsports.com/2018/10/15/paul-allen-seahawks-owner-and-microsoft-co-founder-dies-at-65/

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Sad to hear. He was the Seahawks owner, but only because of his role in building Microsoft.

The computer 'revolution' can be narrowed down to a few people. Bill Gates and Paul Allen on the Microsoft side and Steve Jobs and Steve Wozniak on the Apple side.

Now all that's left (of those 4) is Gates and Wozniak.

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Paul Allen had a cancer scare once before. Here is an early example of what happened when you partnered with Bill Gates.

https://www.cnet.com/news/paul-allen-gates-ballmer-tried-to-rip-me-off/

<snip>

But it's his commentary on Microsoft co-founder Bill Gates and criticisms of his one-time partner that has garnered the most attention.

One of the most biting complaints by Allen is his contention that from the very beginning, Gates sought ways to take ownership stakes in Microsoft from Allen for his own gain.

According to Allen, the issue started when he and Gates were able to land their first big contract. When it finally came time to form the company that would become Microsoft, Allen says, he assumed he would receive an equal split of the company. However, he says in his memoir, Gates had another idea.

In an excerpt from the book published by Vanity Fair today, Allen claims Gates said it wouldn't be "right for you to get half." According to the Microsoft co-founder, Gates reasoned that because he "did almost everything on BASIC," the split should be 60-40 in his favor.

After Allen accepted the terms, Gates had another idea. Allen claims Gates said that he thought he should get more than 60 percent, and asked for 64 percent ownership in Microsoft, leaving 36 percent to his co-founder.

"I might have haggled and offered Bill two points instead of four, but my heart wasn't in it," Allen wrote in his memoir, according to the Vanity Fair excerpt. "So I agreed. At least now we can put this to bed, I thought."

But Allen says it didn't stop there. As Microsoft continued to grow, it was time for the two co-founders to find someone who could manage the company. They tapped Steve Ballmer in 1980. It was a move that Allen says caused a rift between the co-founders that ultimately climaxed in 1982 with another potential hit to Allen's ownership in Microsoft.

"One evening in late December 1982, I heard Bill and Steve speaking heatedly in Bill's office and paused outside to listen in," he writes in his memoir. "It was easy to get the gist of the conversation. They were bemoaning my recent lack of production and discussing how they might dilute my Microsoft equity by issuing options to themselves and other shareholders. It was clear that they'd been thinking about this for some time."

The lack of productivity wasn't intentional, Allen claims. A few months earlier, he was informed by doctors that he had Stage 1-A Hodgkin's lymphoma. He stayed on at Microsoft during his treatment, but Allen says that he was a victim of Gates and Ballmer at his weakest moment.

"I helped start the company and was still an active member of management, though limited by my illness, and now my partner and my colleague were scheming to rip me off," Allen writes in his memoir. "It was mercenary opportunism, plain and simple."

By early 1983, Allen says, he was finally ready to move on from Microsoft. According to the Vanity Fair excerpt, he and Gates tried to hash out a deal for him to leave, a deal he says resulted in "a lowball offer for my stock: five dollars a share."Allen said he held out for $10 per share, but Gates balked at the idea. He left Microsoft in 1983 without selling his ownership in Microsoft.

It was a smart move. By holding on to his shares as Microsoft's stock value continued to rise, Allen cemented his position as one of the world's richest people. According to Forbes, he's the world's 57th richest person. His net worth is $13 billion, though that figure includes his investment in Microsoft and other companies. Bill Gates is worth $56 billion, according to Forbes.

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Damn that's a pretty sad story. I mean we know that Gates' current image is a bit of a facade. Not to say Gates' isn't a decent person, but he is flawed. I appears that Gates' is a much better human being than what he used to be.

RIP Paul Allen.

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17 minutes ago, ShakeThatMonkey said:

Damn that's a pretty sad story. I mean we know that Gates' current image is a bit of a facade. Not to say Gates' isn't a decent person, but he is flawed. I appears that Gates' is a much better human being than what he used to be.

RIP Paul Allen.

Flawed is understatement though I remember an excerpt from a book or article. Supposedly Bill as a pre-teen was playing a board game with an uncle. Bill accused the uncle of cheating and the uncle just laughed at him. He was further taught to be ruthless as he grew up. Sounded like an exemplary family he was raised in. As to current image, being head of a hugely wealthy foundation - Warren Buffet contributes to it as well - doesn't hurt. Gates is probably doing the Andrew Carnegie thing, trying to salve his conscience.

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I’ve always wondered why Gates was significantly wealthier than Allen even though they were both co-founders. 

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