BALLMER: Of Course Microsoft Has A Succession Plan In Place
REUTERS/Lee Jae-Won
CEO Steve Ballmer made power at the company more diffuse, which ends up giving him more control, and leaving no clear heir to the CEO throne.
(Side note: this is probably for the best. The last CEO-in-waiting at Microsoft was pushed out, as was the CEO-in-waiting at Apple. If you think the CEO is on the hot seat, the waiting-in-the-wings-to-take-over is an even hotter seat.)
Anyway, in an interview with the Seattle Times, Ballmer addressed the idea that Microsoft doesn't have a succession plan in place. He says it's nonsense:
Our board always has a succession plan.
The specifics of what our board is thinking is confidential. But I can say our board has put a lot of time and energy into the notion of both longer-term succession, as well as what I’d call the “what if the CEO gets hit by the bus” succession.
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market