Former Microsoft (MSFT) CEO Ballmer Unsure When He'll Step Down as Director
Get Alerts MSFT Hot Sheet
Price: $409.06 +0.37%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +15.0%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +15.0%
Join SI Premium – FREE
Former Microsoft (Nasdaq: MSFT) CEO Steve Ballmer may not be running the company, but he still has a say in the game with his 4 percent stake and board seat. However, one of those things might change sooner rather than later.
During an interview last week, Ballmer commented that he's not sure how long he'll stay on the board of directors at Microsoft, a company he ran for 14 years.
Ballmer was also quieter in the board room with the company's meeting ealier this month.
Ballmer also believes that CEO Satya Nadella is
Of course, Nadella isn't flying solo right now and probably won't anytime soon. Microsoft founder Bill Gates is still very involved in the company and hasn't aired plans to do otherwise. His new role is
Shares of Microsoft are down 0.5 percent.
During an interview last week, Ballmer commented that he's not sure how long he'll stay on the board of directors at Microsoft, a company he ran for 14 years.
It really as much as anything depends on how I see rest of my life playing out,the executive noted.
Ballmer was also quieter in the board room with the company's meeting ealier this month.
I didn’t talk like I did when I was CEO,he said.
Ballmer also believes that CEO Satya Nadella is
doing a great job.
Of course, Nadella isn't flying solo right now and probably won't anytime soon. Microsoft founder Bill Gates is still very involved in the company and hasn't aired plans to do otherwise. His new role is
technology advisoralong with being a board member and the largest individual shareholder. Like Gates, Ballmer has a large stake along with a familial connection to the company and its unlikely he'll retire from the board within the next few years or until he's comfortable that Microsoft's trajectory is the right one.
Shares of Microsoft are down 0.5 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UK CMA Seeks Views on Microsoft and Amazon's AI Partnerships - Bloomberg
- HSBC says Microsoft's valuation remains 'attractive'
- Microsoft (MSFT) call put ratio 2.9 calls to 1 put into quarter results and outlook
Create E-mail Alert Related Categories
Insiders' Blog, Management CommentsRelated Entities
Bill Gates, Steve BallmerSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!