Major hedge fund player says Microsoft’s Ballmer needs to go
Microsoft CEO Steve Ballmer needs to be kicked out, a well-known hedge fund investor said Wednesday. David Einhorn, manager of Greenlight Capital, said Ballmer is stuck in the past and needs to give someone else a chance. “[Ballmer’s] continued presence is the biggest overhang on Microsoft’s stock,” Einhorn said at the Ira Sohn Investment Research Conference in New York. Chief among Einhorn’s concerns are that Microsoft is missing opportunities to better compete with Apple products like the iPad. He also said he is unhappy with some of Microsoft’s acquisitions over the years.