Sunday, October 6, 2013

Bill Gates And Steve Ballmer Seek Re-Election To Microsoft's Board

Bill Gates And Steve Ballmer Seek Re-Election To Microsoft's Board

Microsoft's annual proxy filing, made to the Securities and Exchange Commission, reveals that Chairman Bill Gates and outgoing CEO Steve Ballmer are both seeking re-election to the company's board. The move might not sit well with investors who have reportedly tried to reduce the influence both personalities wield over the company, Reuters reports. Back in August, Steve Ballmer announced that he would be giving up the top slot at Redmond within 12 months. Gates has been out of that chair for a long time, though he has remained at the board since 1981, and is also the largest individual shareholder of Microsoft, owing 4.52 percent.

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