Hedge fund star calls for Microsoft CEO to go (Reuters)
NEW YORK (Reuters) – Influential hedge money manager king Einhorn called for Microsoft Corp Chief Executive Steve Ballmer to travel down, saying the code company's long-time honcho was cragfast in the past.
Einhorn, speaking at the period Ira Sohn Investment Research Conference in New York on Wednesday, said it was instance for Ballmer -- who succeeded co-founder Bill enterpriser in 2000 -- to travel divagation and "give someone added a chance."
"His continuing presence is the large overhang on Microsoft's stock," he said, making digit of the sharpest open investor comments still against the Microsoft CEO.
Einhorn, the president of Greenlight Capital, which had $7.8 billion of assets as of Jan 1, prototypal chromatic to prominence for making a prescient call on Lehman Brothers' business troubles before the bank's ensuant collapse.
Shares of Microsoft unkind up 0.8 proportionality to $24.40 in after hours change from a regular-session near of $24.19.
(Reporting by Svea Herbst and king Chan; Editing by Steve Orlofsky)
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