REPORT: Microsoft May Remove Bill Gates As Microsoft Chair

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Microsoft may remove Bill Gates as the company's chairman when it chooses a new CEO, Bloomberg reports.

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Bloomberg also backs up an earlier report from Recode's Kara Swisher that Microsoft will name Satya Nadella, an executive vice president at the company, as CEO. Nadella is in charge of Microsoft's lucrative cloud and enterprise group.

Developing...refresh for updates.