The Wall Street Journal has an interesting article about the history of PowerPoint as it celebrates it's 20th Birthday. The program was originally develped by Robert Gaskins (entrepreneurial visionary) and Dennis Austin (programming pro) in 1987 with a Mac version only to be sold to Microsoft later that year for $14 million. According to author Lee Gomes, this was Microsoft's first acquisiton. The developer's while justifiably proud of their invention also support the criticism over the misuse of PowerPoint. As Gaskins states "a lot of people in business have given up writing the documents. They just write the presentations, which are summaries without detail, without the backup. A lot of people don't like the intellectual rigor of actually doing the work." They also state that "It's just like the printing press," says Mr. Austin. "It enabled all sorts of garbage to be printed."
For more on the history of PowerPoint see my prior posting. For a useful compilation of PowerPoint resources see the PPT - Powerful Presentation Techniques Resource Listing.