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Microsoft CEO Ballmer to retire within 12 months (Shares Jump)
Reuters via Yahoo News ^ | 08/23/2013

Posted on 08/23/2013 6:52:47 AM PDT by SeekAndFind

NEW YORK (Reuters) - Microsoft Corp said on Friday that Chief Executive Officer Steve Ballmer would retire within the next 12 months, once it has selected a successor, sending its shares up almost 9 percent.

Ballmer said in a statement that he would have timed his retirement in the middle of Microsoft's announced transformation to a devices and services company. But he said: "We need a CEO who will be here longer term for this new direction."

The software company said its board had appointed a special committee to direct the process of appointing a new CEO.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: microsoft; retire; steveballmer
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1 posted on 08/23/2013 6:52:47 AM PDT by SeekAndFind
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To: SeekAndFind

NOTE: Microsoft shares rose 8.9 percent to $35.27 in premarket trading.


2 posted on 08/23/2013 6:53:05 AM PDT by SeekAndFind
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To: SeekAndFind
Microsoft CEO Ballmer to retire within 12 months (Shares Jump)

Imagine how far the market would jump if Hussein 0bama announced his resignation! (Hey, I can dream, can't I?)

3 posted on 08/23/2013 6:56:28 AM PDT by The Sons of Liberty (For congress, it's not the principle of the thing, it's the money.)
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To: The Sons of Liberty
A decision to do a certain thing is not a reason to celebrate until you know what the replacement is.

YaYYY .... Microsoft's getting a new president ...

Until you learn of the Fascist that replaces him.

4 posted on 08/23/2013 7:02:26 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: SeekAndFind

Ballmer came to MS in 1981 and saw to the explosive growth over the year, however, many always thought he was stale and bland. A great sales guy with more energy than a squirrel on crack, but not the idea guy.


5 posted on 08/23/2013 7:03:23 AM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: knarf

Meet the new boss, same as the old boss...


6 posted on 08/23/2013 7:08:14 AM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools,)
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To: CodeToad
A great sales guy with more energy than a squirrel on crack, but not the idea guy.

His Monkey dance in one of his presentations at Microsoft’s 25th Anniversary event for Develoeprs was a classic I'll never forget...


Watch Here
7 posted on 08/23/2013 7:15:49 AM PDT by SeekAndFind
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To: knarf; Tijeras_Slim

Ich habe keine Ahnung was du redest.
Also hier ist ein Foto Vergleich Steve Ballmer zu einem Nazi.

8 posted on 08/23/2013 7:27:31 AM PDT by martin_fierro (< |:)~)
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To: martin_fierro

And he does a great duet with Gene Wilder too.


9 posted on 08/23/2013 7:31:11 AM PDT by Tijeras_Slim
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To: SeekAndFind

I look forward to watching MS under new leadership, but I’ll probably miss the goofy maniac. He was a competent leader in many ways, but perhaps not as visionary as the company needed.


10 posted on 08/23/2013 7:58:48 AM PDT by catbertz
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To: catbertz

Wonder what he’ll do with the $16 Billion he has ....


11 posted on 08/23/2013 8:09:08 AM PDT by SeekAndFind
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To: CodeToad
MICROSOFT STOCK PRICE UNDER THE BALLMER ERA:



Many people still associate Microsoft with Bill Gates. But Ballmer has been the CEO for nearly 13 years.

Under Ballmer's 13-year leadership, Microsoft stock has fallen over 40%.

Though, Ballmer came in at the peak of the market bubble. He really had nowhere to go but down (the NASDAQ composite is down around 10% over the same time period).

And in the last 10 years, the company has also returned billions of dollars to shareholders in buybacks and dividends.
12 posted on 08/23/2013 8:23:26 AM PDT by SeekAndFind
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To: knarf

By Retiring, Steve Ballmer Just Made Himself Nearly $1 Billion Richer

Read more: http://www.businessinsider.com/ballmer-just-got-850-million-richer-2013-8#ixzz2co3lprMu


13 posted on 08/23/2013 8:27:22 AM PDT by SeekAndFind
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To: SeekAndFind

The problem with Baller is that he always missed the mark, even in the early years. Under his CEO reign the stock has been virtually flatlined.


14 posted on 08/23/2013 8:31:49 AM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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To: CodeToad

I wonder why the board can’t ask Bill Gates if he’s interested in coming back as CEO...


15 posted on 08/23/2013 8:33:20 AM PDT by SeekAndFind
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To: SeekAndFind

Isn’t Bill Gates the chairman of the board?


16 posted on 08/23/2013 8:47:42 AM PDT by BarnacleCenturion
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To: BarnacleCenturion

Yes, you’re right.

Bill is chairman of the board.

He’s still Microsoft’s biggest shareholder. He’s only 57 (too young to retire, can’t even qualify for social security... HEH HEH). He’s going to be on the committee to find a replacement for Ballmer.

There has to be some small chance that he surveys what’s out there, and decides that no one else is good enough to take care of his baby.


17 posted on 08/23/2013 8:55:01 AM PDT by SeekAndFind
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To: SeekAndFind

... and he’s so well-regarded that Microsoft stock spiked upward on the news, lol.


18 posted on 08/23/2013 8:57:57 AM PDT by RegulatorCountry
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To: Tijeras_Slim

Remarkable resemblance.


19 posted on 08/23/2013 9:00:27 AM PDT by RegulatorCountry
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To: martin_fierro

Dr. Frederick Frankenstein: Whose brain did you put in him?

20 posted on 08/23/2013 9:07:16 AM PDT by DeFault User
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