BASIC was the foundation of the company, by 1980 SoftCard was one project of many.
I don't discount the importance of SoftCard, it was actually key in the development of the relationship between IBM and Microsoft in the 80s, but even more key was the building of the relationship itself, which was largely driven by Gates.
Allen's attitude at the time reminds me of software developer coworkers who over emphasis the contributions that software development makes. I can understand Gates' reaction - Gates' job was not any easier and certainly not any less important, so why redistribute shares?