Following Steve Ballmer’s retirement announcement, some very interesting bits of information have been trickling out regarding what may have occurred behind the scenes. According to reports, Ballmer was in the midst of planning a succession plan, but wasn’t planning on retiring so soon.
According to Business Insider, Ballmer starting piecing together a succession plan two years ago, this is the norm for executive positions. However, since then Ballmer has made the decision to accelerate his retirement to within the year.
BI’s sources have pinned activist investor ValueAct Capital Management LP, as one of the driving forces that may have played a role in Ballmer’s early retirement. ValueAct put out a proposal asking the board to consider selling or spinning off the Xbox division and possibly devices in general.