Former Microsoft CEO -- and newly minted LA Clippers owner -- Steve Ballmer steps down from the board but will remain Microsoft's largest individual shareholder.
Six months after stepping down
as Microsoft CEO and a day after firing up fans as the new owner of the NBA's Los Angeles Clippers, Steve Ballmer resigned from the Microsoft board. He announced the news Tuesday in a letter to CEO Satya Nadella
that was subsequently posted to Microsoft's website.
Ballmer said his commitments to the Clippers, civic contribution, teaching, and studying will leave too little time to remain a board member. That said, he won't be leaving Microsoft entirely.
"I hold more Microsoft shares than anyone other than index funds and I love the mix of profits, investments and dividends returned in our stock. I expect to continue holding that position for the foreseeable future," he wrote. Later, he reiterated, "I promise to support and encourage boldness by management in my role as a shareholder in any way I can."
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