This time it may happen that a great revolution will come to Microsoft. As per business insider three of the top investors in Microsoft are making voice to remove Bill Gates as chairman of the company, which he co-founded.
In August, Ballmer said he would retire within 12 months, amid pressure from activist fund manager ValueAct Capital Management.
In the midst of a massive reorganization, current CEO Steve Ballmer is stepping down. It will bring big changes if Bill Gates steps down. As per news currently Gates won 4.5% of the company share, which makes him the largest individual shareholder and it gives him power not to steps down if he does not want. That is what I think after reading news from different websites.
Reason for such demand is that the investors think presence of Gates in the board limits the possibility of adoption of new strategy.
They are also worried that Gates - who spends most of his time on his philanthropic foundation - wields power out of proportion to his declining shareholding.
As Gates is selling 80 million shares each year and if he continues to do so, he will eventually lose all of his shares from Company in near future.
I am waiting to see the outcome of it after recent news from Microsoft like, Microsoft bought Nokia’s mobile unit. Google and i-phone are getting more famous in phone market and people are getting more interested in phone, tablets and losing interest in computers.