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The title is slightly misleading, I thought this guy or his hedge fund owned a major piece of MSFT but the article makes no such mention.

nl 15y ago
Hu? Mr. Einhorn, a long-time Microsoft shareholder, said at the Ira Sohn Conference that the company had floundered under Mr. Ballmer’s stewardship, missing major opportunities in establishing tablet products to compete with Apple and wasting money on ill-conceived mergers and acquisitions. Second paragraph. Emphasis added
- tincholio 15y ago
  It says he's a long time shareholder, but the title here on HN says "lead investor", which indeed makes it sound like he owns a big chunk of the whole thing.
  - nl 15y ago
    He's the lead investor for the hedge fund
    - swombat 15y ago
      I'm not sure why you're being downvoted, since you're correct. I guess it's because you didn't provide any supporting information. Here it is: http://www.businessweek.com/news/2011-05-26/greenlight-s-einhorn-says-microsoft-should-replace-steve-ballmer.html http://www.businessweek.com/news/2011-05-26/greenlight-s-ein... > Greenlight Capital Inc. President David Einhorn called for Microsoft Corp.’s board to replace Chief Executive Officer Steve Ballmer, saying the software maker suffers from “Charlie Brown management." Einhorn is the president of Greenlight capital, a hedge fund. > Greenlight, a New York-based hedge fund, added 1.39 million Microsoft shares last quarter, for a total of 9.07 million, according to a filing. The stake is worth $230.2 million. Microsoft’s shares have underperformed the S&P 500 in four of the past five quarters. Also from this article: > Ballmer is the company’s second-biggest shareholder -- with more than 333 million shares, or almost 4 percent. Co-founder and Chairman Bill Gates owns more than 561 million shares, or a 6.7 percent stake, according to Bloomberg data. So Bill Gates + Steve Ballmer don't own 33%, as has been stated elsewhere, but "only" 6.7 percent of this $200bn company.
      - Flenser 15y ago
        333 million shares = 4.0% for Ballmer 561 million shares = 6.7% for Gates So the combined total is: 894 million shares = 10.7% for Gates + Ballmer
      - nl 15y ago
        Thanks for the support! I guess I thought the first line of the linked article (the one this whole post is about) was sufficient: David Einhorn, the head of the hedge fund Greenlight Capital I suspect that many thought that "lead investor" meant that he is personally a lead investor in Microsoft. English has plenty of room for everyone to be right there (but you are correct - I'd have preferred people to explain their downvotes). I didn't write the title, though.
nikcub 15y ago
I think a mod edited the title because when I submitted it didn't say 'lead'

nl 15y ago

Hu? Mr. Einhorn, a long-time Microsoft shareholder, said at the Ira Sohn Conference that the company had floundered under Mr. Ballmer’s stewardship, missing major opportunities in establishing tablet products to compete with Apple and wasting money on ill-conceived mergers and acquisitions. Second paragraph. Emphasis added

tincholio 15y ago
It says he's a long time shareholder, but the title here on HN says "lead investor", which indeed makes it sound like he owns a big chunk of the whole thing.
- nl 15y ago
  He's the lead investor for the hedge fund
  - swombat 15y ago
    I'm not sure why you're being downvoted, since you're correct. I guess it's because you didn't provide any supporting information. Here it is: http://www.businessweek.com/news/2011-05-26/greenlight-s-einhorn-says-microsoft-should-replace-steve-ballmer.html http://www.businessweek.com/news/2011-05-26/greenlight-s-ein... > Greenlight Capital Inc. President David Einhorn called for Microsoft Corp.’s board to replace Chief Executive Officer Steve Ballmer, saying the software maker suffers from “Charlie Brown management." Einhorn is the president of Greenlight capital, a hedge fund. > Greenlight, a New York-based hedge fund, added 1.39 million Microsoft shares last quarter, for a total of 9.07 million, according to a filing. The stake is worth $230.2 million. Microsoft’s shares have underperformed the S&P 500 in four of the past five quarters. Also from this article: > Ballmer is the company’s second-biggest shareholder -- with more than 333 million shares, or almost 4 percent. Co-founder and Chairman Bill Gates owns more than 561 million shares, or a 6.7 percent stake, according to Bloomberg data. So Bill Gates + Steve Ballmer don't own 33%, as has been stated elsewhere, but "only" 6.7 percent of this $200bn company.
    - Flenser 15y ago
      333 million shares = 4.0% for Ballmer 561 million shares = 6.7% for Gates So the combined total is: 894 million shares = 10.7% for Gates + Ballmer
    - nl 15y ago
      Thanks for the support! I guess I thought the first line of the linked article (the one this whole post is about) was sufficient: David Einhorn, the head of the hedge fund Greenlight Capital I suspect that many thought that "lead investor" meant that he is personally a lead investor in Microsoft. English has plenty of room for everyone to be right there (but you are correct - I'd have preferred people to explain their downvotes). I didn't write the title, though.

nikcub 15y ago

I think a mod edited the title because when I submitted it didn't say 'lead'