Ballmer retirement sparks 9% Microsoft stock jump

Steve Ballmer

By Microsoft Sweden (Steve Ballmer på CES 2010) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)%5D, via Wikimedia Commons

Steve Ballmer, Microsoft CEO, is set to retire within the next 12 months as soon as a replacement is appointed. This news delighted investors who saw their stock jump by 9% in the wake of the announcement.

Ballmer took the mantle from Microsoft founder Bill Gates in 2000.

Coverage: BBC, Reuters, ABC, CNN, Ars Technica

About Ballmer: Wikipedia

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