TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Former Microsoft CEO Ballmer exits board of directors

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Bloomberg News
Wednesday, Aug. 20, 2014, 12:01 a.m.
 

Steve Ballmer resigned from Microsoft Corp.'s board, eight months after his departure as chief executive officer, ending more than three decades of direct involvement in the world's largest software maker.

Ballmer, 58, remains Micro­soft's top individual shareholder. He had initially remained as a director after handing the top job over to one of his deputies, Satya Nadella, in February. Ballmer recently bought the Los Angeles Clippers for $2 billion and appeared in front of the team and fans on Monday, vowing to lift the team to “higher heights” and promising not to micromanage.

The former CEO's departure ends a 34-year association with Microsoft, which he led as CEO from 2000 to February. Revenue tripled under Ballmer's tenure, even as the Redmond, Wash.-based company struggled to compete with Apple Inc. and Google Inc. in areas such as mobile phones, tablet computers and Internet search.

“I want to be a great shareholder and I want to pay appropriate attention to my shares, but between teaching classes and my new responsibilities at the Clippers and my civic duties, it's a lot,” Ballmer said in an interview. “I love Microsoft.”

Ballmer's exit is the latest change to Microsoft's board. Last month, Microsoft named longtime wireless executive John Stanton to the board. In March, director Steve Luczo stepped down and in February, co-founder Bill Gates stepped aside as chairman to be replaced by lead independent director John Thompson. The board added activist investor Mason Morfit of ValueAct Holdings LP to its ranks this year.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Beacons track shoppers’ smartphones amid retailers’ aisles
  2. 8 Western Pennsylvania hospitals penalized over infections
  3. Nonprofit hospitals in Western Pa. feel pain in finances despite Affordable Care Act
  4. Hospital finances still crying ‘ouch’
  5. Ford expands air bag recall across U.S.
  6. FedEx to buy product-return firm Genco in e-commerce push
  7. Stock market makes biggest gain in 3 years
  8. Online price battle heats up with intraday price fluctuations
  9. Rice Energy spin-off priced below expected range
  10. Insurers give customers extra time to pay first month’s premium for 2015 under Obamacare
  11. 84 Lumber vice president McCrobie says company, housing market rebounding
Subscribe today! Click here for our subscription offers.