Microsoft (NASDAQ: MSFT ) is overdue for some fresh blood. Investors rejoiced when CEO Steve Ballmer announced that he would retire, but now some large shareholders have reportedly urged Microsoft's board to ask Bill Gates to step down from his role as chairman of the board.
Gates stepped out of daily operations years ago in order to focus on his philanthropic interests, but these top investors may be concerned that he still has substantial influence on Microsoft's strategic direction. Microsoft has missed major opportunities as the computing landscape shifts, and investors are asking for some new management perspective.
Microsoft isn't heeding this concern from a small group of investors with large stakes, as the company has already recommended both Gates and Ballmer for re-election at Microsoft's upcoming annual meeting in November.
In this segment of Tech Teardown, Erin Kennedy discusses the possibility of Gates stepping down with Jamal Carnette and Evan Niu, CFA.
The new tech frontier
Interested in the next tech revolution? Then you'll need to learn about the radical technology shift some say forced the mighty Bill Gates into a premature retirement. Meanwhile, early in-the-know investors are already getting filthy rich off of it... by quietly investing in the three companies that control its fortune-making future. You've likely heard of one of them, but you're probably never heard of the other two... to find out what they are, click here to watch this shocking video presentation!