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Chief Executive Officer Steve Ballmer has announced plans to retire from Redmond, Washington-based Microsoft. After more than a decade at the helm of one of the world's largest and most...
08-23-2013, 10:27 AM #1
Microsoft Boss Steve Ballmer Announces Retirement
Chief Executive Officer Steve Ballmer has announced plans to retire from Redmond, Washington-based Microsoft.
After more than a decade at the helm of one of the world's largest and most respected companies, Ballmer says the time to step down has finally come. He is expected to leave within the next twelve months, although an exact date hasn't been announced.
Unfortunately for Microsoft, there's is no obvious #2 to step into the role being voided by Mr. Ballmer. Unlike Apple, for example, where Tim Cook was the clear successor to Steve Jobs, Microsoft must now begin the process of finding and grooming a replacement.
The fact that there isn't a clear second-in-command ready to pacify investors with his or her ascension to the big chair is likely why Ballmer's retirement will be drawn out over a twelve-month period.
According to AdAge, Microsoft's lead independent director, John Thompson, will lead the search for his successor. Thompson will head a search committee that will reportedly include no shortage of heavyweights, including Microsoft co-founder Bill Gates.
"There is never a perfect time for this type of transition, but now is the right time," Ballmer announced to Microsoft employees in a written note. "My original thoughts on timing would have had my retirement happen in the middle of our transformation to a devices and services company focused on empowering customers in the activities they value most. We need a CEO who will be here longer term for this new direction."
Shares of Microsoft actually rose on Wall Street after the Ballmer news was announced today.
08-23-2013, 10:35 AM #2
I'm not surprised to see Microsoft's stock price rise on this announcement. This guy is a clown, not a CEO. This is a definite positive for Microsoft.
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08-23-2013, 10:39 AM #3
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Not too early!
08-23-2013, 10:45 AM #4Two words
08-23-2013, 10:50 AM #5
08-23-2013, 10:55 AM #6
Is it too little, too late? Really, I think Microsoft is on a downward spiral at the moment, the only question is will this allow them to pull back up out of it and salvage the company?
08-23-2013, 11:05 AM #7
08-23-2013, 11:06 AM #8
Salvage..downward spiral? Last I checked they still are a very profitable company. They have made billions of dollars and can afford to make a few mistakes here and there. Most companies would have already closed there doors with some of the mess ups that MS has produced (Windows phone, Surface) But because of their early successes they are still here and relevant. I am not a huge MS fan at all but lets give credit where it is due. They need some "young blood" in there that is in touch with the technological pulse of NOW. MS has been a day late and a dollar short for sometime now. Apple has taken full advantage and i'm sure they will continue to do so.
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08-23-2013, 11:09 AM #9
08-23-2013, 11:54 AM #10
They'll prolly offer the job to Tim Cook!
08-23-2013, 01:39 PM #11
Great decision, best one he's made since becoming CEO!
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08-23-2013, 02:44 PM #12
Last edited by Perceptum; 08-23-2013 at 02:49 PM.
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08-23-2013, 03:30 PM #13
MS is profitable but they're like USA car companies which survived only by huge fleet sales to government and car rental companies. Office, for instance, has had only cosmetic changes for at least 10 years...the same problems and bugs remain for years.
MS's desktop products stagnated under Ballmer and most of their initiatives were failures, with a few remarkable exceptions. Whoever was responsible for Xbox or Kinect should be a strong candidate for Top Dog, but given it's MS, they'll screw that up too.
Last edited by buggsy2; 08-23-2013 at 03:32 PM.
08-23-2013, 03:39 PM #14
Tim Cook will step in and both companies will merge.
08-23-2013, 09:22 PM #15
08-24-2013, 01:23 AM #16
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08-24-2013, 09:48 AM #17
08-24-2013, 10:00 AM #18
No companies are the same after guys like Bill Gates or Steve Jobs steps down. In the case of MS putting guys like this in charge only emphasizes that.