David Einhorn, president of well-known investment firm Greenlight has told an audience at an investment show that Microsoft's board should give CEO Steve Ballmer the old heave-ho. That would be a great move, though it comes a couple of years late.
by Dan Shafer •
Einhorn accused Ballmer of having a "Charlie Brown" style of management and said that the guy who replaced legendary founder Bill Gates is "stuck in the past. He’s allowed competitors to beat Microsoft in huge areas, including search, mobile-communications software, tablet computing and social networking. Even worse, his response to these failures has been to pour tremendous resources into efforts to develop his way out of these holes.”
Under Ballmer's leadership, "Microsoft’s online services business, which includes the Bing search engine, lost more than $700 million last quarter."