Microsoft CEO Steve Ballmer is ready to retire and plans to be out of his executive office within the next 12 months. Mr. Ballmer took over as CEO when company founder Bill Gates stepped down, and now he says Microsoft needs a new CEO on board as the company transitions into a devices and services business.
The Mac Observer Spin:
Steve Ballmer announces his retirement, and Microsoft's stock starts climbing. The idea that he needed to leave has been there for some time, and if the company's stock price is any indication, investors are practically dancing in the streets. Assuming Microsoft finds a leader that can bring a new philosophy to the company and stop the long time corporate culture that promotes fighting between division, other tech companies -- including Apple -- will see some serious competition.
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