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Ballmer To Retire
Today Microsoft announced that CEO Steve Ballmer will be retiring within the next 12 months. He said, "There is never a perfect time for this type of transition, but now is the right time. ... My original thoughts on timing would have had my retirement happen in the middle of our company’s transformation to a devices and services company. We need a CEO who will be here longer term for this new direction." Ballmer, 57, has been Microsoft's CEO since taking over the role from Bill Gates in January, 2000. The company's board of directors has formed a committee to find a replacement for Ballmer, and he will continue his duties until a new CEO is found. Questions about Ballmer's fitness to remain CEO have been circulating for the past several years, particularly after the company struggled to get a foothold in the mobile market. It will be interesting to see how this affects Microsoft's stock price. Upon retirement, Ballmer will be able to cash out hundreds of millions of dollars worth of Microsoft stock.
Actually opened $2.78 up or about 8.7% so yea basically
Failure of Windows 8
Failure of Xbox One
Failure of Vista
Failure of the Kin
Failure of the Zune
Failure of Windows Phone 7
Failure of Windows Phone 8
Need I go on? You can only fuck up so many times before the board sends you packing. I'm amazed he lasted this long.
Today, on the initial news, based on speculative market players making trades ... by next week the price of Microsoft will be fluctuating on some other random basis.
I've always found the stock market to be amusing -- because it makes huge swings on things which haven't happened yet, and by the time those things happen they've moved on to being excited/angry about something else entirely.
It's almost as if the stock market is more valuable at predicting the emotions of investors, than any actual financial factors. And in many cases, the actual financials don't seem important -- like when companies are worth more than they're going to earn for the next 20 years.
Lost at C:>. Found at C.
Actually, no. Look at MSFT ticker, it's up nearly 10%.
In summary: the fact that people like like you are on this website is a good indicator of why it is becoming fucking annoying to any person who actually knows anything.