Ballmer Bails: Whither Microsoft?

Aug.24.13 | About: Microsoft Corporation (MSFT)

Thirteen years, one tech bust, a bunch of money paid out in dividends, one unfortunate iPhone prediction, and no shortage of backseat driving from erstwhile management consultants proved to be enough for Microsoft (NASDAQ:MSFT) CEO Steve Ballmer.

On Friday morning, while market players' eyes were just starting to glaze over at the explanation of the Nasdaq's flash freeze, the tech behemoth announced that its CEO would be leaving within 12 months. There's no doubt that future MBAs will spill gallons of virtual ink breaking down Ballmer's performance as heir to Bill Gates, and perhaps Tim Cook might wonder if Ballmer is a model for him to follow. But our contributors were focused on the here and now, and so they evaluated the implications of the sooner-than-expected departure of Mr. Ballmer.

And if you were away from your desk, catch up on the Market Currents team's thorough coverage of the news as it evolved throughout the day.