Investors: Time For Gates To Step Aside As Chairman

Investors- Time for Gates to step aside as chairman

Three top investors in Microsoft have lobbied the board to press for Bill Gates to step down as chairman, Reuters reported on Tuesday.

While Microsoft CEO Steve Ballmer has been under pressure for years to improve the company’s performance and share price, this appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology.

There is no indication the board would heed the wishes of the three investors, who collectively hold more than 5 percent of the company’s stock, according to the sources.