Hedge fund star calls for Microsoft CEO to go

[onehandle]

Source: Reuters

Influential hedge fund manager David Einhorn has called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the world's largest software company's leader is stuck in the past.

"His continued presence is the biggest overhang on Microsoft's stock," Einhorn said in reference to Ballmer.

The comments by outspoken Einhorn, who made his name warning about Lehman Brothers' financial health before the investment bank's collapse, are the most pointed yet from a high-profile investor against Microsoft's leadership.

Microsoft shares, which have been static for over a decade, gained 0.87 percent in after-hours trading after Einhorn's comments, the most of any Dow Jones industrial average component.



Read more: http://m.yahoo.com/news?.ybx=hero&.intl=us&.lang=en#/stories/article?id=nm/us_microsoft&cat=business

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I've been saying that for years. Bill Gates' college roommate has ruined Microsoft.

[w4rma]

1. Big deal. Another business will surpass it. Corporations were meant to have limited lifespans. (nt)

[KeepItReal]

2. Was Ballmer responsible for Windows 98 and Vista?

And the general lack of security in the operating systems Microsoft has produced since...ever?

I'm just saying... Bill Gates was at the helm for most of the company's life.

[bemildred]

3. Oh good, a clown fight. nt