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.
Erin Kennedy has no position in any stocks mentioned. Evan Niu, CFA, has no position in any stocks mentioned. Jamal Carnette has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.