TribLIVE

| Business


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

Former Microsoft CEO Ballmer exits board of directors

Email Newsletters

Click here to sign up for one of our email newsletters.

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.

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. DeVry shift to online classes prompts closing of Pittsburgh campus
  2. Comcast abandons Time Warner Cable merger deal amid regulators’ pushback
  3. Tech sector drives gains on Wall Street
  4. Kings Family Restaurants sold to California firm
  5. Guessing approach can result in big bill
  6. Airlines’ bottom lines soar on cheaper fuel
  7. What price safety? Cost of crash prevention is roadblock
  8. Acura ILX strikes balance
  9. Lexus sport coupe has youthful appeal, power
  10. Mylan raises bid for fellow drugmaker; Perrigo says ‘no’
  11. GetGo to hire 300 workers