A famous hedge fund patron, David Einhorn, the chief of Greenlight Capital Fund has remarked that Steve Ballmer, the head of Microsoft Corporation should give up his position and let some other suitable person take his place. He also has outlook that it was Ballmer’s association with the company which was responsible for the largest hang over on the company’s share.
While reliable sources close to the company have stated otherwise confirming the persistent support of the directors for Ballmer who has been leading Microsoft since 1980 when he was the first manager to be appointed by Bill Gates himself, the Co-founder of Microsoft.
Though the company is successfully earning large profits from the selling of its software of Windows and Office, the shares of the firm have been found to be stagnant for the past 10 years hanging mostly between $25and $30 per share.
Though Microsoft is above BMW owing to the 2% rise in its share prices, the company is facing tough competition from Apple Inc. which was a minuscule little company in its initial faces in comparison to Microsoft but now has come to grow even bigger than the Microsoft in aspects of market worthiness.