| | 09-03-2013, 02:58 PM #1
ValueAct Hedge Fund's Huge Microsoft Victory - Forbes
from the link...
Despite owning a mere 0.8% stake in Microsoft, ValueAct Capital Management has forced its way onto the board of the software giant days after longtime Microsoft CEO Steve Ballmer announced he would be quitting within a year—a move that appeared to have ValueAct’s finger prints all over it.
Now, ValueAct President G. Mason Morfit will be joining Microsoft’s board of directors early in 2014 and get the ability to discuss “a range of significant business issues” with selected Microsoft directors and managers during regularly scheduled meetings. All Morfit and his partners at ValueAct like Jeffrey Ubben had to do was promise not to engage in a proxy contest, seek any extraordinary transaction, boost its stake in Microsoft to 5%, or say anything bad about Ballmer or any other Microsoft execs.
I think it's a little presumptuous to think this caused Ballmer to leave, just MHO. SIAP, I did a search before posting.