Group of Microsoft investors want to oust Bill Gates

Posted on Wednesday, October 02 2013 @ 12:14 CEST by Thomas De Maesschalck
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A rumor is circulating the web that the top three investors in Microsoft want Bill Gates to resign as chairman. Gates hasn't been part of Microsoft's day-to-day activities for some time, but the investors believe that the co-founder of the company still wields a great deal of influence as chairman and that he's stifling innovation.
According to Reuters, the three investors hold a combined five percent of the company's stock. The story, which cites unnamed sources, claims that the unidentified trio feel Gates could block any new ideas and strategies that could be suggested by Microsoft's next chief executive officer. Microsoft is currently searching for a new CEO, as its current leader Steve Ballmer announced plans more than a month ago to retire from the company within a year. The story suggests the board will not cave into the demands of the three investors, so this move may be more symbolic than anything else.
Source: Neowin

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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