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.
Given my confidence and the multitude of new commitments I am taking on now, I think it would be impractical for me to continue to serve on the board, and it is best for me to move off. The fall will be hectic between teaching a new class and the start of the NBA season so my departure from the board is effective immediately.
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.
Count on me to keep ideas and inputs flowing. The company will move to higher heights. I will be proud, and I will benefit through my share ownership. I promise to support and encourage boldness by management in my role as a shareholder in any way I can.
In response, Nadella thanked Ballmer for his contributions and assistance during the CEO transition, wishing him the best of luck in the future.
As you embark on your new journey, I am sure that you will bring the same boldness, passion and impact to your new endeavors that you brought to Microsoft, and we wish you incredible success. I also look forward to partnering with you as a shareholder.
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.