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Exclusive: Time for Gates to go, some top Microsoft investors tell board | |
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| Time: 06:17 EST/11:17 GMT | News Source: Reuters | Posted By: Robert Stein | ||
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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. A representative for Microsoft declined to comment on Tuesday. 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 are private. Gates owns about 4.5 percent of the $277 billion company and is its largest individual shareholder. 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 searching for Ballmer's successor. | ||
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