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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!