AAPL Stock: 118.88 ( 0 )

Printed from

Three top investors seek ouster of Bill Gates from Microsoft board

updated 12:06 am EDT, Wed October 2, 2013

Unknown if other board members will go along with plan to remove Gates

On the heels of CEO Steven Ballmer's exit, three of the top 20 investors in Microsoft are pressing the company's board of directors to force BIll Gates out of his chairman position. The investors are concerned that Gates holds a disproportionate influence over the company than his 4.5 percent stake should allow, and his role is preventing the company from implementing new strategies to help it survive a changing industry.

Gates is unloading 80 million Microsoft shares a year in a prearranged plan, giving him no stake in the company by 2018, but the unnamed investors apparently don't want to wait. Given existing trends, Gates will remain the largest single shareholder through 2016.

According to reports, the three institutions pressing for Gates' ouster own just over five percent of the company combined. Microsoft has declined comment on the reports.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented