Microsoft’s Ballmer must go, says hedge fund tycoon

Guardian – David Einhorn, the poker-playing hedge fund tycoon who made a fortune short-selling Lehman Brothers, has turned his fire on Microsoft boss Steve Ballmer, accusing one of the toughest executives in corporate America of being “stuck in the past” and calling for him to go.

Einhorn’s breathtaking public attack comes shortly after his Greenlight Capital fund raised its stake in Microsoft to 9m shares, or about 0.11%.’ However, while he considers the stock undervalued, the hedge fund boss said the software firm had missed a string of opportunities under Ballmer’s “Charlie Brown management”, referring to the hapless star of the Peanuts cartoon strip.

Read Complete Article

 

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply