3 ms·
August 23rd, Microsoft announce Balmer's departure. http://www.microsoft.com/en-us/news/press/2013/aug13/08-23announcementpr.aspx http://www.microsoft.com/en-u
by dbg31415 13y ago
August 23rd, Microsoft announce Balmer's departure.
http://www.microsoft.com/en-us/news/press/2013/aug13/08-23announcementpr.aspx http://www.microsoft.com/en-us/news/press/2013/aug13/08-23an...
Stock is up over 25% since then.
http://www.google.com/finance?q=NASDAQ:MSFT http://www.google.com/finance?q=NASDAQ:MSFT
I'd say there are some other people who agree with me that Balmer probably wasn't the right fit, and certainly overstayed his welcome.
- amirmc 13y agoMany things have happened since Aug 23rd that could affect the stock price. It's ridiculous to claim that such a change over such a timespan is due to only one event.
- comlonq 13y agoI'm not arguing about Balmer, I'm saying that Bill's decision is probably nothing to do with Balmer or the state of the company. Why don't you re-read my original comment? Here; I've highlighted the key parts for you: " he's selling because he doesn't want the stock anymore therefore Balmer being replaced as CEO is unlikely to be an influencing factor."
- nmrm 13y agoIt's more likely this is simply diversification away from huge holdings of a stock that can change (up or down) by 25% in such a short period of time. All the eggs in one basket and all that.