Report: Top Microsoft investors want Gates to step down

Report: Top Microsoft investors want Gates to step down

Credit: AFP/Getty Images

Bill Gates, Chairman of Microsoft and Co-Chair of the Bill and Melinda Gates Foundation speaks at a National Press Club address on "Smart Aid: Australia's Leadership and Innovating for the World's Poorest" at Parliament House in Canberra on May 28, 2013. Gates on May 28 urged China to become a bigger player in foreign development following its success in lifting millions of its own people out of poverty.

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by KING 5 News

kgw.com

Posted on October 2, 2013 at 7:37 AM

Updated Wednesday, Oct 2 at 8:41 AM

Three of Microsoft’s top investors are pushing the board to try to get Bill Gates step down as chairman of the company, Reuters reports.

The three investors, who own more than five percent of the company’s stock, are reportedly concerned that Gates’ chairmanship may be keeping the company from adopting new strategies.

A Microsoft representative would not comment.

CEO Steve Ballmer announced in August that he would resign within 12 months. Former Boeing Commercial Airplanes CEO Alan Mulally, who is currently CEO at Ford Motor Co., is rumored as a possible replacement.

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