Report: Top Microsoft Investors Lobbying for Bill Gates' Resignation

Three of Microsoft's biggest investors are petitioning the company's board members, asking for the resignation of Bill Gates as chairman. A Reuters report cited "people familiar with the matter."

The investors, who together hold more than 5% of Microsoft's shares (per Reuters), believe that Gates might circumscribe the power of the next chief executive, preventing him or her from developing new strategies and making "substantial changes." They are also reportedly concerned that Gates, who has spent the last 13 years focused on his own foundation and now only owns about 4.5% of Microsoft's shares, holds too much executive power relative to his holdings. Read more...