Wednesday, October 2, 2013

Bill Gates removed from the board of directors of Microsoft ?

Bill Gates removed from the board of directors of Microsoft ?

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Currently there is no indication that Microsoft's board will take into account the wishes of the three investors who together hold more than 5 per cent of the company, according to sources quoted by the British media.
 Gates owns about 4.5% of the company, which is worth $ 277 billion and is the largest individual shareholder.
According to the investor's role as chairman of the Gates effectively block the adoption of new strategies and limit the rights of a possible new CEO for substantial changes.
In particular, they address the role of the Gates special committee seeking a successor to Ballmer.
They are also worried that Gates has a power that is disproportionate to its share in the company.
Gates, who owned 49 percent by Microsoft, before the company went public in 1986, sold 80 million shares of Microsoft each year at a predetermined plan that will leave him with no financial stake in the company back in 2018.
Microsoft still is one of the most valuable technology companies in the world and made a net profit of $ 22 billion last fiscal year.

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