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Microsoft shareholders rally to force Gates’ retirement – report

Wednesday, 2nd October 2013 09:42 GMT By Dave Cook

Microsoft’s key shareholders are keen to see Bill Gates follow Steve Ballmer into retirement, according to new reports.

Reuters cites anonymous sources who claim that three of the company’s 20 largest shareholders are lobbying Gates to consider retirement. It is said the three shareholders together own over 5% of Microsoft, so are by no means in the majority. By comparison, Gates himself owns 4.5%.

The investors are said to see the impending departure of CEO Steve Ballmer as an opportunity to see Gates removed and to break a long period of stagnation in the Microsoft camp. Sources have stated that said shareholders fear that the involvement of Gates has held Microsoft back from innovation and the adoption of new strategies. They also fear Gate’s influence over the special committee that will hand-pick Ballmer’s successor.

Finally, it is said that the shareholders are unhappy with Gates’ power over Microsoft, despite spending most of his days working with his philanthropic foundation, rather than the company itself.

Rumours suggest that Ballmer will be replaced by Ford CEO Alan Mulally once he departs the company within the next 12 months.

What do you make of the above? Should Gates go? Let us know what you think.

Via GI.biz.

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12 Comments

  1. gomersoul

    Years of service, so they can push you out… Corporations really are lovely

    #1 12 months ago
  2. GwynbleiddiuM

    Corporate structure is evil by design and nature, it needs to survive you see and make profit and when shareholders aren’t happy they would absolutely do anything to change things.

    #2 12 months ago
  3. Kanok

    I love Bill Gates and fuck all of shareholders.

    #3 12 months ago
  4. Yoshi

    Douchebags, enough said.

    #4 12 months ago
  5. TrickyAudio

    It would be interesting to see a massive change like this in Microsoft. I find them so dull, and have hardly any products that really wow anybody anymore. It is a shame though. This man is a legend in the tech industry.

    #5 12 months ago
  6. Mus42

    Fucking shareholders, they really take the piss don’t they. They seem to have forgotten who created Microsoft in the first place.

    #6 12 months ago
  7. NiceFellow

    Given the recent grumbling around XB1 I have to wonder what the impact would be of shareholders pushing for more high margin revenue streams particularly if XB1 sells less than PS4.

    Up to now I’ve seen MS as still very much “all in” with Xbox and entertainment but I could see a push to focus on mobile/tablets more as the real big target and either ditch or downscale XB hardware itself.

    #7 12 months ago
  8. DSB

    Windows 8 is a much bigger failure than the Xbone will ever be. It was supposed to be this great unifying multi-platform OS, but that’s kinda hard to pull off when no one wants your OS on their PCs, or your tablets in their bags.

    Right now a lot of people are pointing to Microsoft as the reason why the PC is falling back.

    The Xbone is gonna do fine at launch, most of the ground lost is gonna be made up. It should’ve gone a lot better, but shareholders don’t have a lot to grumble about there.

    #8 12 months ago
  9. bradk825

    It takes a special kind of bastard… He made them rich, built that company from a garage, but now he’s into charity, so better dump him.

    #9 12 months ago
  10. Cobra951

    The man founded Microsoft. There would be no Microsoft without Bill Gates. It’s his company. Have I been redundant enough yet? The ability to force a company’s creator out of it should not even exist.

    #10 12 months ago
  11. lookingglass

    This is probably not a bad move for Microsoft and I think Gates would agree. The man’s a genius but Microsoft needs help.

    Where they’re going to fuck up is by not having a visionary at the helm. They’ll put some business man as CEO and he’ll run it from a money standpoint. What they need is the next Gates or Jobs, someone creative, smart and above all wants to change the world.

    #11 12 months ago
  12. fearmonkey

    @12 – Completely agree – They need some creative visionaries, not businessmen who know money.

    #12 12 months ago

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