Home Industry Strategy Gates and Ballmer seeking re-election
Bill Gates with Steve Ballmer Bill Gates with Steve Ballmer Featured

While some investors are baying for blood Microsoft Chairman Bill Gates and retiring Chief Executive Steve Ballmer are standing firm, announcing their attempt at re-election to the company's board of directors.

The news was made public in the tech giant's annual proxy filing on Thursday, and comes as a group of activist investors, believed to hold more than a 5% share of the company, call for a re-invigoration in the face of tough competition from Google and Apple.

Ballmer, 57, said back in August that he would be retiring in 12 months, but it's expected the new CEO will continue the current direction dictated by the board.

Meanwhile company co-founder Gates is expected to stay on as Chairman of the board, angering investors who, as we reported earlier this week, called for him to step down for the good of the company. 

The annual shareholders meeting will be held on 19 November and it's expected both men will be re-elected.

Microsoft has had a tough few years due to questions around its Xbox and smartphone strategies, but Microsoft remains one of the world's most valuable technology companies with a net profit of US$22 billion last fiscal year.

The company is still hunting a replacement CEO for Ballmer, and it's unclear if Ballmer will remain on the Microsoft board, as Gates has, once a replacement has been anointed.

FREE CLOUD BACKUPS MANAGEMENT WEBINAR

Are your technicians spending too much time just managing your clients cloud backups?

Backups are an important part of any IT business but they should not consume more than their fair share of time and money.

Discover how to reduce the amount of time & money spent managing your Cloud Backups during this Free Webinar.

REGISTER FOR FREE WEBINAR!

FREE NETWORKING SERVICES CASE STUDY

As one of the world’s largest social networking services, Facebook handles a lot of user information, and requires input from an astounding range of stakeholders 24 hours a day, 7 days a week — from both inside and outside the business.

Discover how Facebook was helped to connect remote employees, vendors, consultants, and partners to applications and web services quickly and reliably - without risking sensitive data.

GET CASE STUDY!

GET THE IT BUDGET YOU WANT

Explore your Network Treasure Trove to get the IT Budget you want

With Australian businesses projected to spend over $78.7 Billion why does it feel like you can never get the budget you need?.

In most cases your budget will get approved because the proposals are not only technically correct, but also provide good, credible evidence on how the spend aligns with key business objectives.

Did you know that your Network Monitoring tool can help you build a comprehensive business case without an MBA?

HERE ARE 8 TIPS TO GET THE IT BUDGET YOU WANT.

CLICK HERE!

David Swan

David Swan is a tech journalist from Melbourne and is iTWire's Associate Editor. Having started off as a games reviewer at the age of 14, he now has a degree in Journalism from RMIT (with Honours) and owns basically every gadget under the sun.

Connect

 

 

 

 

Join the iTWire Community and be part of the latest news, invites to exclusive events, whitepapers and educational materials and oppertunities.
Why do I want to receive this daily update?
  • The latest features from iTWire
  • Free whitepaper downloads
  • Industry opportunities