Thursday, 3 October 2013

Investors Asking Bill Gates to Quit Microsoft Chairmanship

00:24

bill gates under pressure to step down as microsoft chairman

Bill Gates under pressure from investors to step down as Microsoft chairman

Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, people familiar with matter told Reuters.

While Microsoft Chief Executive Steve Ballmer has been under pressure for years to improve the company's performance and share price, this appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology.

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