Former Microsoft CEO Ballmer exits board of directors
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- DeVry shift to online classes prompts closing of Pittsburgh campus
- Comcast abandons Time Warner Cable merger deal amid regulators’ pushback
- Tech sector drives gains on Wall Street
- Kings Family Restaurants sold to California firm
- Guessing approach can result in big bill
- Airlines’ bottom lines soar on cheaper fuel
- What price safety? Cost of crash prevention is roadblock
- Acura ILX strikes balance
- Lexus sport coupe has youthful appeal, power
- Mylan raises bid for fellow drugmaker; Perrigo says ‘no’
- GetGo to hire 300 workers