Wednesday, October 2, 2013

First Take: Why shareholders want Gates out

The big Microsoft shareholders who are happy about CEO Steve Ballmer's imminent exit now want his mentor, company co-founder and chairman Bill Gates, to follow him out the door. The dissatisfied shareholders are most probably upset that Gates would likely stay the course that he and Ballmer have established by pushing for a Ballmer clone to replace his college buddy. Since Gates stepped down as CEO in 2000 and turned the reins over to Ballmer, Microsoft has launched 16 new businesses that do $1 billion each in annual revenue, including a handful that are growing at double-digit percentages. The shareholders who want Gates to follow Ballmer out likely view poor capital allocation as one of Microsoft's primary problems.

Source: http://rssfeeds.usatoday.com/~r/usatoday-TechTopStories/~3/1IXwci4gmeE/

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