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| Board Coup: Microsoft Shareholders Plan To Sack Bill Gates by afroprofile: 1:09am On Oct 02, 2013 |
Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. bill gates While Microsoft Chief Executive Steve Ballmer has been under pressure for years to improve the company’s performance and share price, this appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology. http://afroprofile.com/blog/2013/10/02/board-coup-microsoft-shareholders-plan-to-sack-bill-gates/ |
| Re: Board Coup: Microsoft Shareholders Plan To Sack Bill Gates by AskProf: 7:43am On Oct 02, 2013 |
afroprofile: Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. There is no indication that Microsoft's board would heed the wishes of the three investors, who collectively hold more than 5 percent of the company's stock, according to the sources. They requested the identity of the investors be kept anonymous because the discussions were private. Gates owns about 4.5 percent of the $277 billion company and is its largest individual shareholder. Kim Caughey Forrest, senior analyst at Fort Pitt Capital Group, suggested now was not the time for Microsoft to ditch Gates, and that he could even play a larger role. "I've thought that the company has been missing a technology visionary," she said. "Bill (Gates) would fit the bill." |
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