CEO Succession Planning: Did Microsoft Get It Right?

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CEO Succession Planning: Did Microsoft Get It Right?

by Kenneth C. Oh on September 5, 2013

Steve Ballmer’s recent announcement that he was stepping down as Chief Executive Officer of Microsoft Inc. made headlines across the globe. According to his open letter to Microsoft employees, Ballmer will stay on the job for the next 12 months while the board of directors solidifies a successor.

While whether Ballmer voluntarily decided it was time to walk away or was forced out over slumping revenues is up for debate, the business community reacted favorably to the announcement, with Microsoft enjoying a 7 percent bump in its stock price.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Kenneth Oh, Scarinci Hollenbeck, LLC | Attorney Advertising

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