Earlier this year, Steve Ballmer, Microsoft's (MSFT) CEO, announced major realignments to the existing structure of the company. Ballmer rallied behind a single strategy for the entire company, which was termed as 'One Microsoft’. This policy was to allow the company to share common visions and goals, and at the same time, help build a range of devices for individuals and businesses, with a strong leaning towards some of today’s most popular activities, such as gaming and social networking.
However, a month after announcing the restructure program, Steve Ballmer declared his plans to retire from the company. Ballmer cited pressure from the board of directors to speed up Microsoft’s transformation and his own belief that his way of thinking was slowing down the company as the reason why he is chose to sever ties with the company.
The Redmond based company’s metamorphosis and its consequent success depends heavily on whoever takes the reins of the company after Ballmer’s exit. Investors realize the fact that new leadership for Microsoft holds tremendous potential for the overall growth for the company. The sentiment was reflected by investors when Microsoft’s shares went up 9% following the news of Ballmer’s retirement.
Read More : MSFT
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