Monday - May 29, 2017

Steve Ballmer wraps up his three decade career with Microsoft to play with his new toy – the LA Clippers


Steve Ballmer wraps up his three decade career with Microsoft to play with his new toy – the LA Clippers

Eight months after stepping down as chief executive officer of Microsoft, Steve Ballmer has called it quits owners more than thirty year career with software giant Microsoft.

Steve Ballmer announced that he will be leaving the company to allow his successor Satya Nadella a free reign as Microsoft enter a period of major transformation.

After waiting in the wings for some time for the ownership issue to be cleared up, Ballmer has now declared that he intends to focuses still considerable energies on running the Los Angeles Clippers basketball team, which he acquired recently for $2 billion.

Steve Ballmer, one of the last of the old guard’s exit, marks the end of a shift in power at Microsoft, where many members of the board were being changed during the course of the year. In February, founder Bill Gates announced that he will be winding up his role as chairman, while John Stanton, a pioneer in the wireless industry, has joined the board with Stephen Luczo, chief executive of Seagate Technology, stepping down.

Recent months have seen a major revival in shares in Microsoft, gaining more than 20 per cent in the past six months, a revival which has considerably Ballmer’s personal fortune having seen him become Microsoft’s largest individual shareholder in May, after Bill and Melinda Gates continue to sell off of their shares in the business in order to focuses on the charitable foundation that they run.

Ballmer, who has a personal fortune in the region of $22 billion, reportedly holds more Microsoft shares than any individual and has announced that he expects to continue holding that position for the foreseeable future.

In a letter which he sent to Satya Nadella announcing his decision to stand down, Ballmer had the good grace to remark that he was optimistic about Microsoft’s future, whilst going on to hint that the companies senior management need not be afraid to take hard-hitting decisions.

Satya Nadella, who previously headed Microsoft’s Cloud and Enterprise group, has been seen to be willing to instigate a period of transformation at the company, having already made his mark by cutting half of the 25,000 jobs at cell phone manufacturer Nokia which is owned by Microsoft.

As only the third chief executive of Microsoft in four decades, Nadella has is seen to be facing some unique challenges, as the group begins to adopt a more focused strategy than that followed by Ballmer.

Photo credit: Aanjhan Ranganathan – https://www.flickr.com/photos/tuxmaniac/4360919590/

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