news today, saying:
“We’ve had the opportunity to work with Mason over the past six months, and we look forward to working with him more closely as a member of the board. Mason brings valuable insights given his financial background, his extensive experience as a public company director and his perspective as a significant Microsoft shareholder.”ValueAct bought a $2 billion stake in Microsoft last April, and soon afterwards came murmurs that it was lobbying for a seat on the company’s board of directors. Microsoft signed a cooperation deal with ValueAct back in September, officially inviting Morfit to join the board. What remains to be seen is if the newest board member will vie for more changes at the software titan in immediate future. Let’s just hope the company does not sacrifice long term viability for short term gains.]]>
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ValueAct just invests in things, correct? I do not see how this can be a bad thing. A lot more flexibility for Microsoft creatively as long as the Board allows it.
I’m pretty sure they just invest money, but as you can see from the decision to get rid of the CEO, that’s all you need to have power.
I didn’t hear the Morfit had a hand in ousting Ballmer. That’s very interesting. Money talks I guess. Thanks for posting. Good read!
ValueAct said prior they wanted to get rid of the Xbox and and other divisions! Bad idea.
ValueAct had stated they wanted to remove the Xbox and other devisions! Bad idea.
Yeah, they just want to invest money quick and get the profits out quicker. Let’s see what kind of tricks they pull now, so far they have got everything that they wanted.
True. They may be looking toward the long term now since their on the board. Which is where they should be.
I just don’t buy it. 2 billion is not that much to Microsoft, and the board has been loaded up with people who are probably the Anti-Value Act. I just don’t buy the idea of them having a hand in Balmer stepping down.