Why Microsoft Corporation (MSFT)’s Largest Shareholder and Former CEO Resigns From the Board

Microsoft Corporation (NASDAQ:MSFT) will bid adieu to its former CEO Steve Ballmer from the Company’s Board. Microsoft Corporation (NASDAQ:MSFT) announced this development in a post on its News Center page by publishing Ballmer’s resignation letter addressed to the company’s CEO, Satya Nadella. The post also carried Nadella’s response to the letter.

Ballmer begins the letter by saying that in the last almost six month period that he hasn’t been Microsoft Corporation (NASDAQ:MSFT)’s CEO, he has reflected on his life, his involvement with Microsoft Corporation (NASDAQ:MSFT) and his ownership of the company’s stock. He acknowledges that Microsoft Corporation (NASDAQ:MSFT) has been his life’s work and he is happy with the way the company is progressing, also accepting that though there are challenges ahead, the opportunities outweigh them.

Microsoft Corporation (MSFT) Giving Apple Inc. (AAPL) a Run for its ‘Patent Money’

Ballmer mentions that though software development is still a key skill in the mobile-first, cloud-first world, but to really succeed, a company requires to also move on to other areas like advertising revenues, hardware gross margins and others. He feels that Microsoft Corporation (NASDAQ:MSFT)’s management team has what it takes to make that transition.

Prior to his last day as Microsoft Corporation (NASDAQ:MSFT)’s CEO, Ballmer never contemplated on his ‘post-Microsoft’ life, but he has been very busy once he left. In the future, he sees civic contribution, study, teaching assignments and Clippers [A NBA team he owns], taking up most of his time.

Ballmer has confidence in Microsoft Corporation (NASDAQ:MSFT)’s cloud-first, mobile-first approach and in other business verticals of the company, something for which he cites his shareholding as a testament. Ballmer reveals that he is Microsoft Corporation (NASDAQ:MSFT)’s largest shareholder after index funds and he wishes to continue with that position in the ‘foreseeable’ future.

Nadella in his response thanked Ballmer for his 34 years of service at Microsoft Corporation (NASDAQ:MSFT) and the leadership that he provided the company. He mentions that Ballmer’s ‘insights and leadership’ would be missed at Microsoft Corporation (NASDAQ:MSFT). Nadella also wished Ballmer ‘incredible success’ for his future pursuits from the whole Microsoft Corporation (NASDAQ:MSFT) team.

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!