Report: Top Investors Asking Bill Gates To Step Down As Microsoft Chairman

Bill Gates

A new report from Telegraph claimed that 3 top investors in Microsoft is now pressurizing Bill Gates to step down from his position as chairman of Microsoft. They feel that Microsoft is now spending more time in his philanthropic foundation and less time on Microsoft as a chainman. Also it is not that easy to replace Bill as the chairman as he still owns about 4.5 percent of the $277 billion company and is its largest individual shareholder.

Again, these investors can only suggest the board to make a change. But there is no indication that Microsoft’s board will accept the wishes of the three investors, who collectively hold more than 5 percent of the company’s stock.

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. In particular, they point to Gates’ role on the special committee searching for Ballmer’s successor.

They are also worried that Gates – who spends most of his time on his philanthropic foundation – wields power out of proportion to his declining
shareholding.

What do you think?

Source: Telegraph

Comments