Steve Ballmer Resignes! Microsoft stocks rise in response!
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[img]http://cdn.thedailybeast.com/content/dailybeast/cheats/2013/08/23/microsoft-ceo-steve-ballmer-to-resign/jcr:content/image.img.204.136.jpg/1377277114267.cached.jpg[/img]
Steve Ballmer has announced that he will resign as Microsoft MSFT +7.32% CEO within the next 12 months. The delay is over the company needing to find a replacement for him. My colleague, Steve Shaefer, makes this point:
"Since Ballmer took the reins Microsoft shareholders have had a negative total return of nearly 20%, with the stock down 36%, according to data from FactSet. While some of that decline can be attributed to the tech sector’s rapid descent from the heights of the dot-com bubble, Microsoft has frustrated investors for years with its inability to translate a massive cash generation machine into stock market performance."
source: [url]http://www.forbes.com/sites/timworstall/2013/08/23/links-23-aug-steve-ballmer-announces-resignation-microsoft-stock-soars/[/url]
I like Steve but he's not CEO material. He definitely deserves a high role in the company though given his involvement since the development of Windows.
Microsoft REALLY needs some new management.
Ding-dong! The witch is dead~
He is not as bad as some of you paint him, even from the article, "The company has more than tripled revenues and doubled profits under Mr Ballmer’s leadership.", not only that, he was there almost from the beginning and he knows his stuff. Microsoft could use some reorganizing though and maybe this could do it, either way he wasn't forced out.
But under his administration, Microsoft brought out a lot of well-liked, popular and successful stuff like, Windows Ph... wait no... eh, Xbox On... wait, no... eh...
Steve Ballmer owns
Owns what? Stocks? An iPad?
He owns at being incredibly enthusiastic
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