Business and Industry

Major Microsoft Investors Want Bill Gates Out as Chairman

Slowing change


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.