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Microsoft investors want Bill Gates out

Written by James Delahunty (Google+) @ 02 Oct 2013 19:57 User comments (3)

Microsoft investors want Bill Gates out According to a report, a small group of Microsoft investors are lobbying the Microsoft board to push Bill Gates out as chairman of the Redmond-based software giant.
Gates co-founded Microsoft 38 years ago and has been one of the biggest names in technology ever since. The success of Microsoft's products has made him one of the wealthiest individuals in the world, allowing him to focus primarily on philanthropic efforts after stepping down as Microsoft chief executive.

While he is still a popular figure at Microsoft, Reuters is citing sources familiar with a move at Microsoft by three of its top investors to have him step down as chairman. The investors, and the sources, remain unnamed.

Their argument is that the presence of Bill Gates as chairman will make it extremely difficult for a new chief executive to take the company in a new direction. Steve Ballmer is set to leave Microsoft very soon, though the board has insisted that his strategy will remain on course.

Gates owns roughly 4.5 percent of Microsoft, making him still the largest individual shareholder. He has been selling around 80 million shares of Microsoft per year under a pre-set plan, which if left continue will deplete his stake in Microsoft by 2018.

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3 user comments

13.10.2013 1:40

I think this is a bad message from investors. Ballmer I would completely agree needed to go, Gates would be a net loss if asked to step away completely. Besides last i knew while I was still working at M$, he held the position more in name only and had little if or no say in the operations of the business for M$.

This message has been edited since its posting. Latest edit was made on 03 Oct 2013 @ 1:41

23.10.2013 17:00

Ballmer needs to go as soon as possible. He's too "sales" focused. Bill Gates was always the catalyst of the great technology ideas. I greatly admire all of the philanthropic work that Bill and his foundation are doing to help change the world. If Bill wants to help Microsoft, he should be more involved - not less.

33.10.2013 17:36

fools!

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