Ballmer to Leave Microsoft Within 12 Months

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In a statement released yesterday, Microsoft Corp. CEO Steve Ballmer announces his retirement. Mr. Ballmer has been the top executive for the software giant since 2000, succeeding to Bill Gates.

“There is never a perfect time for this type of transition, but now is the right time. We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company’s transformation to a devices and services company. We need a CEO who will be here longer term for this new direction.” is quoted to have said Ballmer in a letter to all employees on Friday.

While it is unclear if this was planned or if it is a direct result of the under-performance of Microsoft’s most recent products, it seems the company hasn’t made a choice as to who will replace Mr. Ballmer. The board of directors has appointed a selection committee that will be tasked with finding a CEO to lead Microsoft through the reorganization process that was started by the departing chief executive. Mr. Gates will seat on the selection committee along other executives and consultants.

“As a member of the succession planning committee, I’ll work closely with the other members of the board to identify a great new CEO,” said Gates. “We’re fortunate to have Steve in his role until the new CEO assumes these duties.”

While only time will tell if this a is good or a bad move for Microsoft by Mr. Ballmer, investors seem to find it is for the best. The company’s stock rose 7.29% (MSFT) in the wake of the announcement.

Steve Ballmer has been with Microsoft since 1980 and was the company’s first business manager. He occupied a few vice president positions before becoming chief executive officer in 2000 when Bill Gates stepped down.

Source: TechPowerUp

dostov

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Discussion
  1. LOL

    M$ had to take $7 billion out of their savings account to purchase Nokia, but it's okay they had 70 billions in there for rainy days! :rain:

    On a side note, Nokia's Elop is still foreseen as Microsoft's next CEO... or how to drive two companies right into the ground at the same time. :confused:
    Bookmakers place Nokia's Stephen Elop in the lead for Microsoft next CEO. 5/1 are the chances. LOL

    http://www.xbitlabs.com/news/other/display/20130829104302_Nokia_s_Stephen_Elop_Has_Highest_Chances_to_Become_Next_Microsoft_Chief_Executive_Bookmakers.html

    How nice an idea would it be to name the CEO of a company on the decline to reinvigorate a company on the decline. :screwy:
    Sun CEO once asked us to imagine if a single company owned rights to the letters of the alphabet and got a royalty each time they were used. That is the situation Microsoft is in when it comes to software, he said. I am paraphrasing but you get the point.

    When we talk about the economy in Iran for example, even with gross incompetence and with people at the top having utter inability to run anything, the oil dollars make up for those missteps so much that they stayed afloat even with mismanagement for so long.

    So it would be pretty hard to do much worse than he did because of the monopolistic nature of their business. Saying Mr. Balmer did well where he did not have competition to speak of, is one thing. If he failed where they did not have a monopoly, and he did fail where he did not have a monopoly, then that is a true measure of his abilities.
    Win 8 and Surface were bad, to say the least. But Ballmer has been a good CEO overall.

    Source: http://arstechnica.com/information-technology/2013/08/microsoft-needs-a-new-ceo-who-probably-doesnt-exist/

    It remains to be seen if somebody else can actually do better with current market situation. Microsoft is a gigantic ship to command and it just can't turn around on a dime.
    The man must have wielded enormous personal influence over Board Members for them to have not applied standard performance evaluation/consequences procedures to him for this long.

    The details of how he accomplished such influence over them, what was used, how he did it, that would be a historical story of value. The people who could have removed him earlier didn't just wave their fist and say 'Gosh, Steve will do better next time, we know he will, you'll see...'

    So who were the people that kept him in for this long in full view of numerous consecutive failures, what did they get out of it? That would make a good investigative story.
    Not only Win8, but Surface was a major disaster for Microsoft.... just like any other device they tried to push in the last decade (with the exception of Xbox).
    Culbrelai
    We can only hope he'll take Windows 8 with him


    Thats the 1st thing I thought when I saw the title!! I figured we would have seen this a week after windows 8 was released.