Microsoft CEO Steve Ballmer announced on Friday that he will step down from his post some time within the next 12 months, depending on when a successor is chosen. Stocks in the company surged 7 percent in early trading following the news. “This is a time of important transformation for Microsoft,” Ballmer said in an internal email that was posted on the Microsoft news center on Friday.
“Microsoft has all its best days ahead,” he added. Ballmer joined the Redmond, Wash., company in 1980 as its first business manager.
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Microsoft Stock Surges on News of Ballmer's Retirement
Posted by: Peter Suciu August 23, 2013 03:37 PMMicrosoft CEO Steve Ballmer announced on Friday that he will step down from his post some time within the next 12 months, depending on when a successor is chosen. Stocks in the company surged 7 percent in early trading following the news. “This is a time of important transformation for Microsoft,” Ballmer said in an internal email that was posted on the Microsoft news center on Friday.
“Microsoft has all its best days ahead,” he added. Ballmer joined the Redmond, Wash., company in 1980 as its first business manager.