Why So Much Delay In Announcing New CEO At Microsoft Corporation (NASDAQ:MSFT)?
Microsoft Corporation (NASDAQ:MSFT), the $308 billion IT behemoth which boasts of leadership positions in IT software, services and solutions space and is working hard towards outpacing completion in the devices and IT hardware space announced on January 3, that it will be announcing results for its second quarter operations which ended on December 31, on January 23 at 2:30 OM Pacific Time.
With this date announcement, the relative lull that one had come to experience with relation to the speculation about who will replace Steve Ballmer at the helm of affairs at Microsoft Corporation (NASDAQ:MSFT) has been broken. The intense commentary around the CEO candidate shortlist and even more bated breath analysis on the behind the scenes maneuvering taking place to anoint a new leader has resurfaced with gusto.
Speculation Rife About Board Room Moves
If the trade magazines and people in the know are to be believed there are three underlying cross currents which are buffeting the selection process which is being overseen by the high powered search committee which was announced in August last year by Microsoft Corporation (NASDAQ:MSFT) with a mandate to interview both internal and external candidates and shortlist a likely successor for the board of directors consideration.
Being Pulled In Multiple Directions
The delay apparently is due to the sometimes different directions in which the search committee is being pulled by the various key stake holders. The chief among these and some industry watchers have gone to the extent of calling him the elephant in the room is Bill Gates. Gates who is one of the co-founder of Microsoft Corporation (NASDAQ:MSFT) is a member of the search committee which is chaired by another long standing board member. It is being believed that Gates opinions on the traits being looked for in a CEO candidate are verging on “ I know what is best for my company” and is running counter to the strong recommendations made by his successor and fellow founder Steve Ballmer. To muddy the mix further are activist investors who have forced their way into the company board with their own representative getting a place on the board of directors starting this month