If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Microsoft shareholders rally to force Gates' retirement - report

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.

About the Author

Dave Cook avatar

Dave Cook

Contributor

Living in Edinburgh, Scotland. Writing a game called Jettison and a book called Seventh Circle. Loves spicy food.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch