Steve Ballmer Leaves Microsoft
Steve Ballmer has been at the helm of Microsoft since January 2000, taking over for Bill Gates, who started the company. Since Ballmer has been CEO, shares have lost 9.65%, excluding dividends, according to Google Finance. Needless to say, shareholders are starting to get antsy.
Windows 8, which was supposed to be the company's saving grace, has had a lackluster reception, due to its difficult interface. The reception has been so poor that Windows head Steve Sinofsky left the company.Sinofsky was thought to be a successor to Ballmer. Now that Sinofsky is out, the pressure is really going to mount on Ballmer to try to right the ship. If he can't, then maybe the board of directors will decide it's time for a change. The next guy probably couldn't do much worse. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts