Technology | Business

Ballmer's Retirement Announcement Drives Up Microsoft Stock

NPR | Aug. 23, 2013 6:12 p.m. | Updated: Aug. 27, 2013 2:30 p.m.

Contributed By:

Laura Sydell

Steve Ballmer, Microsoft’s longtime CEO, says he will retire from the company within the next year. His departure is a surprise since he announced a major reorganization at Microsoft just two months ago. Ballmer will leave a company that remains influential and immensely profitable, but has struggled to adapt to mobile technology.

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