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Large Investor, Hedge Fund All-Star Calls For Microsoft CEO To Step Down
Posted on | May 26, 2011 | Comments Off
Microsoft CEO Steve Ballmer is used to criticism. Microsoft is an easy target for investors and is often criticized for missing out on web technologies and other innovation in the mobile and tablet space, losing leadership in these areas to competitors like Google and Apple.
Now, a major investor whose fund owns 9 million shares of Microsoft is calling for Ballmer to step down. David Einhorn is a well known hedge fund manager and his fund, Greenlight Capital owns the Microsoft shares.
It should be noted that Einhorn’s fund has been a buyer of Microsoft shares recently.
Read more here.
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