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Steve Ballmer to retire

j0hnlam
By j0hnlam
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Looks like Steve Ballmer is going to leave Microsoft within 12 months. Yikes, Microsoft!

 

Source :http://www.businessinsider.com/steve-ballmer-to-retire-2013-8

 

 

REDMOND, Wash. — Aug. 23, 2013 — Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most. 

“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. 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.”

The Board of Directors has appointed a special committee to direct the process. This committee is chaired by John Thompson, the board’s lead independent director, and includes Chairman of the Board Bill Gates, Chairman of the Audit Committee Chuck Noski and Chairman of the Compensation Committee Steve Luczo. The special committee is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates.

“The board is committed to the effective transformation of Microsoft to a successful devices and services company,” Thompson said. “As this work continues, we are focused on selecting a new CEO to work with the company’s senior leadership team to chart the company’s course and execute on it in a highly competitive industry.” 

“As a member of the succession planning committee, I’ll work closely with the other members of the board to identify a great new CEO,” said Gates. “We’re fortunate to have Steve in his role until the new CEO assumes these duties.” 

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

 

 

For people interested in Steve Ballmer's letter regarding his retirement.

 

 

I am writing to let you know that I will retire as CEO of Microsoft within the next 12 months, after a successor is chosen. 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 transformation to a devices and services company focused on empowering customers in the activities they value most. We need a CEO who will be here longer term for this new direction. You can read the press release on Microsoft News Center.

This is a time of important transformation for Microsoft. Our new Senior Leadership team is amazing. The strategy we have generated is first class. Our new organization, which is centered on functions and engineering areas, is right for the opportunities and challenges ahead.

Microsoft is an amazing place. I love this company. I love the way we helped invent and popularize computing and the PC. I love the bigness and boldness of our bets. I love our people and their talent and our willingness to accept and embrace their range of capabilities, including their quirks. I love the way we embrace and work with other companies to change the world and succeed together. I love the breadth and diversity of our customers, from consumer to enterprise, across industries, countries, and people of all backgrounds and age groups.

I am proud of what we have achieved. We have grown from $7.5 million to nearly $78 billion since I joined Microsoft, and we have grown from employing just over 30 people to almost 100,000. I feel good about playing a role in that success and having committed 100 percent emotionally all the way. We have more than 1 billion users and earn a great profit for our shareholders. We have delivered more profit and cash return to shareholders than virtually any other company in history.

I am excited by our mission of empowering the world and believe in our future success. I cherish my Microsoft ownership, and look forward to continuing as one of Microsoft’s largest owners.

This is an emotional and difficult thing for me to do. I take this step in the best interests of the company I love; it is the thing outside of my family and closest friends that matters to me most.

Microsoft has all its best days ahead. Know you are part of the best team in the industry and have the right technology assets. We cannot and will not miss a beat in these transitions. I am focused and driving hard and know I can count on all of you to do the same. Let’s do ourselves proud.

Steve

Source: http://mobilesyrup.com/2013/08/23/steve-ballmer-to-retire-as-microsoft-ceo-says-company-has-its-best-days-ahead/

Edited by j0hnlam

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...and Microsoft stock doubles in value.

 

jk, I doubt the next CEO could undo MS's mistakes anytime soon.

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Retirement, retirement, retirement, retirement, retirement!

 

Developers, developers, developers, developers, developers, developers! *clap* *clap* *clap* *clap* *clap* *clap* *clap* *clap*

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This is probably the best thing that has ever happened to Microsoft in a long time. 

 

EDIT: Does anyone else notice how much he sweats?!

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Yikes Microsoft? THIS IS A GOD SEND!

It feels like a Christmas miracle!

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Yay! Now Microsoft can be good again.

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In other news, Microsoft's stock rises 30%

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Yikes Microsoft? THIS IS A GOD SEND!

It feels like a Christmas miracle!

 

Leadership change is always bad for a company, especially for the stock price. It's an image that the company is unstable and is going through a rebuild. Shareholders do not like their investment to be rebuilding or being unstable. Ie. Blackberry's structure rebuilding when Co-CEO stepped down. Stock price went down IIRC.

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He was forced out. I only just posted an article that the invested of Microsoft where thinking of getting rid of Ballmer. 

 

http://linustechtips.com/main/topic/49065-microsoft-investors-want-to-sell-off-xbox-division-and-get-rid-of-ballmer/

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GOOD. THEY SHOULD HAVE GOTTEN RID OF HIM 5 YEARS AGO.

 

http://www.youtube.com/watch?v=KMU0tzLwhbE

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Leadership change is always bad for a company, especially for the stock price. It's an image that the company is unstable and is going through a rebuild. Shareholders do not like their investment to be rebuilding or being unstable. Ie. Blackberry's structure rebuilding when Co-CEO stepped down. Stock price went down IIRC.

Well that depends on the leadership. BB as a whole isn't doing so good, so I'm not surprised.

All I know is Microsoft is in the RED, and they need to get out of it. Change in leadership can be a great thing, but we will see how this boils down from here on out.

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Isn't it weird how Bill Gates who didn't really care about business and dropped out of college is known for bringing Microsoft to success and Steve Ballmer, who studied economics and graduated is known for bringing the company to the state it is today? TBH I wouldn't blame it all on him it happens all the time whenever a company reaches such a high position.

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Well that depends on the leadership. BB as a whole isn't doing so good, so I'm not surprised.

All I know is Microsoft is in the RED, and they need to get out of it. Change in leadership can be a great thing, but we will see how this boils down from here on out.

 

Totally agree! I just hope Microsoft doesn't pull a HP where they keep changing CEOs. Now that's bad for a company image. 

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Their stock is up 7.6% today. 

 

Who will replace him?

 

A search committee consisted of "John Thompson, the board’s lead independent director, and includes Chairman of the Board Bill Gates, Chairman of the Audit Committee Chuck Noski and Chairman of the Compensation Committee Steve Luczo." is find the new CEO and internal executives. 

 

I wouldn't be surprised if Julie Larson-Green replaces Steve Ballmer.

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Took them a while to get him out of there. Hopefully it's all good from Microsoft from now on. I don't like it when they do bad. It makes me sad :(

"And yet my mind is screaming, provoked in an icy sweat. It’s pleading and begging for a release, scraping the walls of a padded cell, pounding hopelessly at the floors that won’t even deliver the gift of pain."  - Why I Don't Dream Anymore

 

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I hope the Board of Directors vote for Master Chief to replace him... or Cortana.

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He seems like the type of CEO to go out with a bang, there will probably be some sort of hostage situation ending in Ballmer taking his own life by bashing his skull in with a Surface Tablet. However it goes, the man needs to be put out of his misery so there is no chance of a return to the company he laid waste to.

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Don Mattrick should come back and be the CEO of Microsoft. If anyone can help Microsoft do an 180 from the mess their in, it's him! sarcasm. 

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Finally some thing right happen in Microsoft :D~~

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Don Mattrick should come back and be the CEO of Microsoft. If anyone can help Microsoft do an 180 from the mess their in, it's him! sarcasm. 

 

Yeah, imagine the news: "Zynga CEO leaves Zynga to become Microsoft CEO!". Yeah that definitely spells success all over...:P

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Can someone please explain why everyone hates Ballmer?

"You Can't Buy Happiness, But You Can Buy Horsepower, And That's Kind of The Same Thing."


 


 

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I would've thought Balmer would've sunk with his ship. It'll be interesting to see what happens after this.

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