Microsoft CEO Steve Ballmer To Step Down Within 10 Years

[OhioChick]

The head of the world's largest software maker says he will retire in nine or 10 years when his last kid goes away to college.

By Paul McDougall
InformationWeek
June 4, 2008 10:06 AM

Microsoft (NSDQ: MSFT) chief executive Steve Ballmer has started the clock ticking on his retirement from his position as head of the world's largest software maker.

Speaking at an event Tuesday in Washington, D.C., Ballmer said he would preside over Microsoft "for another nine or 10 years ... until my last kid goes away to college."

Ballmer, 52, is married with three children.

If he follows through on his plan, Ballmer would retire at about the age of 62 -- a not uncommon timeframe for top software executives who've made billions of dollars over the life of their careers.

Microsoft chairman Bill Gates earlier this week made his last major speech to the company's customers and developers before fading into semiretirement and a life of public philanthropy at the age of 52.

http://www.informationweek.com/news/windows/operatingsystems/showArticle.jhtml?articleID=208402027


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[Mojambo]

1. 10 years... That's for not dropping this on us at the last second there Ballmer. n/t

[NCDem60]

2. 90% of current CEOs will be gone n 10 years.