This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (
Microsoft(MSFT - Get Report) CEO Steve Ballmer is set to step down in the next 12 months, as the company tries to remake itself in the eyes of investors, the media and its critics. It's doing this in hopes that it becomes more relevant in an ever-changing technological environment, one which is rapidly shifting towards mobile computing, something Microsoft has badly missed over the years.
Working out Ballmer's most likely replacement, however, is easier said than done.
In a poll on
TheStreet, 33% of respondents said Ballmer should be replaced by one of the names not on the list. The list comprised former
Apple(AAPL) software guru Scott Forstall, former Microsoft executives Ray Ozzie and Steven Sinofsky and
Nokia(NOK) CEO Stephen Elop.
However, there was no consensus, further emphasizing that whoever does take the job is going to have incredibly big shoes to fill, and will be heavily scrutinized.
Some names that were mentioned in the comment field were
LinkedIn(LNKD) CEO Jeff Weiner, venture capitalist Marc Andreesen of
Andreesen, Horowitz and even Joe Belfiore, who runs the team doing Windows Phone product definition & design.
Among the names mentioned in the poll, Forstall has received the most support, getting 21% of the votes. Behind Forstall, who was
ousted from Apple in October, was Elop with 17% of the vote. Tied with 14% are Ray Ozzie, Microsoft's former Chief Technical Officer and Chief Software Architect between 2005 and 2010, and Steven Sinofsky, who led the Windows division at Microsoft, before being replaced earlier this year. Some 461 people have voted in the poll.
It's clear that whoever replaces Ballmer will not only have to remake the company into a "successful devices and services company," as the
press release announcing Ballmer's retirement so aptly stated, but will also have to deal with pressure from activist investor
Since Ballmer took over the CEO job in January 2000, Microsoft shares have drastically underperformed the
Nasdaq. The share price performance, when not including dividend payouts, has been relatively flat over the past decade, signaling that a change was long overdue.
MSFT data by
AllThingsD, it's suggested that Ballmer's departure happened faster than the company let on. ValueAct may press the company for a much bigger dividend and stock buyback, and has until Aug. 30 if it plans to wage a proxy war with the Redmond, Wash.-based tech giant. A proxy war is not something the company needs while it searches for a new CEO, whether externally or internally.