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Three Major Microsoft Investors Call for Bill Gates to Step Down

by Todd Haselton | October 2, 2013October 2, 2013 9:00 am PST


Microsoft’s investors are looking for change. The company’s current CEO Steve Ballmer is on his way out while the firm looks for a replacement and, now, three of Microsoft’s top investors are calling for founder Bill Gates to step down as board chairman too. It’s a shocking request, considering Bill Gates is a technology legend that helped shape our world today.

Still, there’s also a clear concern for investors who want to see Microsoft’s share price increase and its hardware products better compete against the likes of Google, Apple and Samsung. Microsoft is still lagging in the mobile space, for example, and the company took a $1 billion bath on its original Surface products. Perhaps a new chairman and a new CEO could breathe new life into the company — at least that appears to be the thought of the three investors calling for Gates to step down.

Business Insider notes that the three investors own about 5 percent of Microsoft’s stock and that the board would ultimately need to vote before replacing Bill Gates, something that probably isn’t very likely to happen in the near future.

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...