Steve Ballmer, former Microsoft CEO and now the owner of the NBA's LA Clippers, has officially stepped down as a board member with Microsoft this week, effective immediately. In an open letter to new CEO Satya Nadella, Ballmer mentions that his six month mark of retirement is coming up and he's had a lot of time to reflect on what he's done and what he wants to do moving forward.
After buying the Clippers for $2 billion, I figured the team would occupy his time, especially considering he paid four times more for a basketball team than anyone else ever has. And as mentioned in the letter, he's also going to be teaching. Ballmer will be teaching an MBA class, STRAMGT588: Leading organizations, for the Stanford School of Business come fall. Then in the spring he will move over to USC's Marshall School of Business.
Ballmer left Nadella some encouraging words, saying that Microsoft will have to be "bold" and "make big bets" in order to remain on top. He also said that he still believes in the company's mobile-first and cloud-first approach. As far as his shares, Ballmer will remain as a shareholder and still wants to give his opinion on new ideas.
In response, Nadella thanked Ballmer for his contributions and assistance during the CEO transition, wishing him the best of luck in the future.
What do you make of all of this? Is there an underlying reason that Ballmer would leave everything but his shares of Microsoft? Or is he really going to be too busy to contribute effectively? Let us know your thoughts in the comments below.
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