In all the time I've written on Microsoft (Nasdaq:MSFT) it seems like readers/investors always came together on at least one topic – they really didn't like CEO Steve Ballmer.
While I think Ballmer has often gotten a bad rap and that Microsoft is
better-positioned in enterprise software and services than commonly
believed, trying to make that case is tantamount to spitting into the
wind.
Under Ballmer's leadership, Microsoft has lost close to half of its
value. Again, I think you could argue that almost anybody taking the job
was going to preside over a significant erosion in market cap, as
Ballmer took the CEO position of Microsoft just three months before the
tech bubble peaked. In any case, I will side with the critics who feel
that, whatever the quality of Ballmer's vision for Microsoft, he did a
poor job of selling the Street on it.
Now they won't have Ballmer to kick around much longer. On Friday
morning, Ballmer announced his intention to retire from the job within
12 months, with the exact timing tied to the search committee finding a
new CEO for the company.
Read more here:
http://www.investopedia.com/stock-analysis/082313/microsoft-critics-get-their-way-ballmer-announces-impending-retirement-msft-ibm-orcl-goog.aspx
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