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Report: Microsoft Investors Want Bill Gates To Step Down As Chairman

     

engine

3:42 pm on Oct 2, 2013 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



Are the knives are out for another change at the company!
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.Report: Microsoft Investors Want Bill Gates To Step Down As Chairman [reuters.com]
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.

bill

10:54 pm on Oct 2, 2013 (gmt 0)

WebmasterWorld Administrator bill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



As the article says, Gate's automatic stock sell-off plan will leave him with no financial stake in the company by 2018. This ouster would hasten things a bit.