Report: Top Investors Look to Push Bill Gates Out of Microsoft

October 2, 2013 - GamePolitics Staff

According to Reuters, three of the top 20 of Microsoft's investors - who collectively hold about five percent of the company's stock, are looking to force company co-founder Bill Gates out of the company and into retirement. Last week Microsoft co-founder Steve Ballmer left the company, stepping down as its CEO.

Now top Microsoft investors want Bill Gates step down as chairman, according to what people familiar with the matter are telling Reuters. Gates co-founded Microsoft in 1975 and is currently helping the company find a replacement for outgoing CEO Steve Ballmer. Gates owns around 4.5 percent of the company and is its largest individual shareholder.

"The three investors are concerned that Gates' role as chairman effectively blocks the adoption of new strategies and would limit the power of a new chief executive to make substantial changes," the Reuters report states. "In particular, they point to Gates' role on the special committee searching for Ballmer's successor."

The sources also claim that they are worried that Gates "wields power out of proportion to his declining shareholding." Gates spends most of his time on his philanthropic endeavors, including the Bill and Melinda Gates Foundation.

According to the report, Gates sells about 80 million shares per year as part of a pre-set plan. If Gates continues on this plan, he would hold no interest in the company by 2018.

Source: GameSpot


Comments

Re: Report: Top Investors Look to Push Bill Gates Out of ...

So, he manages to block new strategies while also never spending any time at MS and instead focusing on his foundation?  And his influence is "out of proportion"?  It's his damn company!  He built it from diddly squat!  Man, fuck shareholders, seriously.  If I ever own a company (somehow...), you can be damn sure I'll never take it public.  Wall Street is full of cold, heartless bastards.

Re: Report: Top Investors Look to Push Bill Gates Out of ...

He might be a founder but he sold his company for a profit years ago. That's why other people can force him out. It's like if you built a company like Walter White and sold out for a quick profit but then for some reason still expect to control the company.

Re: Report: Top Investors Look to Push Bill Gates out of ...

Since Windows 8's adoption rates are lower then Vista they need some new minds at MS. Ten years ago when I said Google would gain ground in the market place I was laughed at. Now Google is becoming a major player and even Apple made a comeback.
 
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