Investors want to Gates resigns - Business World

By: Elin Hanspers
Published October 2, 2013 14:43

Three major shareholder in Microsoft wants to founder Bill Gates steps down as chairman of the board, said sources told Reuters.

In August, Microsoft announced that the company’s CEO Steve Ballmer will leave his post within twelve months, or when a successor is appointed. It is also Ballmer’s resignation as part led investors to take aim at Bill Gates.

Investors are partly worried that Bill Gates’ presence on the board prevents the company from renewing its strategy, and they are worried that he may limit the future CEO’s ability to implement major changes. In particular, investors are concerned about the role of the Gates of the committee looking for Ballmer’s successor.

addition, investors are worried that Gates holds an influence out of proportion to his shareholding. Today, Bill Gates is the second largest shareholder, with an ownership of 4.8 percent, but given that Bill Gates sells approximately 80 million shares of Microsoft for years, he may have sold its entire shareholding to 2018.

The three investors together hold five percent stake in the company. There is no indication that the Board will act on investors’ preferences.

By: Elin Hanspers
Mail reporter

Further reading from News

week ended on a low note

Warren Buffett: Extreme stupidity

Italian Senate: Out with Berlusconi

Analysts favorite sectors

TV Miljardköp approved

Blogs that link here

appointment of Elisabeth Svantesson Labour Minister aroused strong feelings. Now she talks about the media drive of her position on abortion, childhood and how she wants to revive the labor market.

investor Warren Buffett goes to hard attacks against politicians in Washington. In particular, the Republicans.

research analysts have found a very undervalued stock at Stockholmsbörsen. The company is also a takeover candidate.

shares which attract fund giant

Course rocket that has made its

Weekly price movement on the Stockholm Stock Exchange can be summed to a decline of 1.4 percent. The top of the large cap index was the day SEB, while Getinge took last place.

Silvio Berlusconi should be excluded from the Italian Senate, believes its committees.

Closed authorities and hundreds of thousands of public employees without pay in the U.S. is not only a powerful brake on growth.

No employment report on Friday

Further tightening decisions in Spain if the government is ready to meet the requirements of the EU, according to the Spanish Governor Luis María Linde.

Affärsvärldens Agnetha Jönsson discusses recent changes in the short portfolio. (About 05:47 into the program).

Juergen Geissinger, president of the German bearings manufacturer Schaeffler, resigns with immediate effect. New acting CEO is the company’s Chief Financial Officer Klaus Rosenfeld.

Danske Bank Markets lowers target price for Tele2.

Ross Teverson, who manages a growth fund, discusses e-commerce, emerging markets and the portfolio’s potential market star.

Company announces that a previously obtained orders have been canceled.

Norwegian’s total passenger traffic, RPK, rose 30 percent in September compared with the same month last year.

Norwegian want to start new airline

details of micro-blog Twitter’s upcoming IPO has become clear since the IPO prospectus published early hours of Friday.

U.S. President Barack Obama set his Asia trip that was scheduled for next week, in the wake of nedstängningarna the state authorities.

The Taiwanese mobile phone maker HTC reported a net profit of -3.0 billion Taiwan dollars for the third quarter of 2013.

Danske Bank’s target return of 12 percent on equity in 2015 could be reduced.

A U.S. default because Congress fails to raise the debt ceiling has the potential to be catastrophic, according to Finance Minister Jack Lew.

U.S. stocks start down

Nordea analysts are skeptical of the real exchange rate directly on the Stockholm Stock Exchange this year. Shares have a sell recommendation.

Raising expectations for H & M

Business World: Two worth buying shares

SAS and Airbus have signed its final long-haul aircraft contracts.

gas giant at risk competition fines of up to $ 15 billion, nearly 100 billion.

already positive Analysts have become more sympathetic to H & M after the company’s report last week. The target rate has been increased.

Two electronics company plans to launch smartphones with curved screen this fall.

BP’s costs for damages in the wake of the oil spill in the Gulf of Mexico, 2010 promises to be reduced.

Over 40 000 people were given notice in the United States in August. There is a considerable increase compared to the same month last year.

Defence group Saab has received an order for radar and combat management system for a new frigate for the Royal Thai Navy.

Saab receives flight seat orders

Economic Crimes Bureau (EBM) is receiving an increasing variety of tips from the public.

Following worse outcome for GDP in late 2012 and early 2013 Skandia lowering their GDP forecasts for Sweden.

Kivisaari leaving his current role and transferred to other duties within the Group.

euro zone purchasing managers’ index for the services sector amounted to final 52.2 in September from 50.7 the previous month.

Skanska, along with a joint venture partner with a contract extension.

Per Johansson has been appointed new CEO of Tribona.

U.S. President Barack Obama and leaders in Congress met on Wednesday, but without clear results that have come closer to a solution.

Obama: Shutdown delay the election of the Fed-manager

Moody’s lowers outlook for Brazil’s credit rating, Baa2, to stable from positive.

ECB policy will remain accommodative for as long as needed. Interest rates will remain low for an extended period.

world’s largest producer of rough diamonds will be listed on the Moscow Stock Exchange.

Ryanair to pay almost ten million euros in damages and interest.

More travel with Ryanair

Ryanair will be kinder

number of employed in the private sector in the U.S. increased by 166,000 people in September, according to a survey from ADP Employer Services.

U.S. futures are pointing down after jobs data

futures for the major U.S. stock market indices clearly pointed down before Wednesday’s opening.

weekend said Silvio Berlusconi to ministers from his party to leave Lettas coalition government. Today, he turns and vote for Letta in a confidence vote.

PDL representatives expressed support for Letta

“Letta will win”

Paul Fisher, member of the Bank of England’s policy committee, sees no bubble in the UK housing market.

The Russian bank Tinkoff Credit Systems, which is one of the investment company Vostok Nafta’s two holdings, will on Thursday publish its plans for an IPO.

Kinnevik owned e-tailer Zalando has on Wednesday brought in new capital after which a Canadian pension fund owns about 2 percent of the shares in the company.

Danske Bank chief economist Roger Josefsson expect the Swedish house prices falling by 5 percent in 2014.

Households believe in rising home prices

More money for house purchase

Investor will replace president next year. Börje Ekholm is about to leave after eight years in office. It writes SvD Business.

Business World provides four stock recommendations in its latest issue, two of buying advice.

Four Tips from Börsveckan

DI: Buy the e-commerce

Skanska has signed a contract with University Housing to build much of the new research laboratory at Karolinska Institutet Campus Solna.

Republicans in Congress engaged in an ideological crusade and hold the U.S. economy hostage over ideological demands, says Barack Obama.

U.S. Republicans will present proposals to break the deadlock

Kappahl made a profit before tax for the fourth quarter of the fiscal year ended. While no dividend is proposed for the year.

Moody’s lowers outlook for Volvo’s credit rating to negative from stable earlier.