Business and Industry

Major Microsoft Investors Want Bill Gates Out as Chairman

Slowing change

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Major Microsoft shareholders are calling for founder Bill Gates to step down as the company's chairman.

Three investors, who own about 5 percent of the company, are worried that the founder's prominent presence as chairman of the board is preventing change and that he may play too large a role in choosing the next CEO, Reuters reported, citing unnamed sources. Names of the three investors were not disclosed.