October 2, 2013

Bill Gates Should Step Down, Say Three Top Microsoft Shareholders

In Steve Ballmer's tearful farewell to Microsoft, he assured employees that they would build amazing things without him at the helm. "We will deliver the next big thing... we will change the world again." Some shareholders, however, believe that the company can't make necessary changes simply by replacing a CEO. Today, Reutersis reporting that three of the top 20 Microsoft investors are also calling for Microsoft chairman Bill Gates to step down.

According to Reuters:

The three investors are concerned that Gates' presence on the board effectively blocks the adoption of new strategies and would limit the power of a new chief executive to make substantial changes. In particular, they point to Gates' role on the special committee...

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