A new report claims that Microsoft will move pretty quickly to name a new CEO for the company to replace Steve Ballmer, with one unnamed source stating, "This job will be filled sooner than later."
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Microsoft is offering a spot on its board of directors to the president of ValueAct Capital Management, which may cool down rumors that ValueAct wants to force major changes to Microsoft.
The chief executive of ValueAct Capital has said the investment firm won't do any public campaigning to impact Microsoft's strategy after taking a $2 billion stake in the tech giant today.
ValueAct Capital is reportedly planning to announce a $2 billion stake in Microsoft, and speculation has centered on a possible move by the hedge fund to remove Steve Ballmer as CEO.