Microsoft investors sharpen axe, call for Gates' departure

Microft HQ
Gates helped start it all, but would he step down?

Microsoft co-founder and chairman Bill gates is reportedly facing pressure from several of the company's high profile investors to step down.

According to a report by Reuters, which didn't name the three investors as the discussions are private, the trio is worried that Gates wields influence disproportionate to his declining stake in the company he founded 38 years ago, which currently stands at 4.5%.

The report claims they are particularly worried of Gates' highly involved role in finding a successor to Microsoft CEO Steve Ballmer, who made a teary Dirty Dancing-inspired exit speech earlier this week.

Holding back

And not only that - it claims that the investors, who own 5% of the company, are also concerned that Gates' involvement on the board is a stumbling block to it pursuing new strategies, and that the 57 year old would hold back a new CEO from making big internal changes.

It's perhaps unsurprising that Microsoft's investors are feeling the need for change right now. Its Windows Phone mobile platform is still a huge underperformer compared to iOS and Android in terms of global market share, and the poor performance of its Surface tablets led to a $900 million writedown of unsold inventory.

Microsoft does have some good news, however. According to a report by the BBC, it's returning to CES, one of the biggest tech shows in the US, next year, after giving it a miss in 2013.

TOPICS
Kane Fulton
Kane has been fascinated by the endless possibilities of computers since first getting his hands on an Amiga 500+ back in 1991. These days he mostly lives in realm of VR, where he's working his way into the world Paddleball rankings in Rec Room.
Latest in Pro
Hands typing on a keyboard surrounded by security icons
Outdated ID verification myths put businesses at risk
China
Chinese hackers targeting Juniper Networks routers, so patch now
Google Meet create custom backgrounds
More AI features are coming to Google Workspace
Mac Studio on a desk
I compared Apple's Mac Studio M3 Ultra with 10 Windows workstations and I am truly shocked by what I found
Google Chrome dark mode
Google updates Chrome extension rules to ban affiliate link injection without user action or benefit
Abstract image of robots working in an office environment including creating blueprint of robot arm, making a phone call, and typing on a keyboard
This worrying botnet targets unsecure TP-Link routers - thousands of devices already hacked
Latest in News
Google Gemini Robotics
Gemini just got physical and you should prepare for a robot revolution
Lilo & Stitch Official Trailer
Stitch crashes into earth and steals our hearts with the first trailer for the live-action Lilo & Stitch
GTA 5
GTA Online publisher Take-Two is gunning for a black market that’s basically heaven for cheaters
Y2K cast looking shocked
Y2K has a streaming release date on Max, so you can witness the technology uprising at home
The Discovery+ homepage
Discovery+ just got a big update to its streaming app that makes it more like Max – here are 5 great new features to try
Two Android phones on a green and blue background showing Google Messages
Struggling with slow Google Messages photo transfers? Google says new update will make 'noticeable difference'