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Microsoft CEO to step down within year
The world’s largest software maker announced on Friday that Chief Executive, Steven Ballmer, will retire in the next 12 months.
Ballmer will continue as acting CEO and will lead the company until a successor is chosen by the board.
Microsoft shares surged 9 percent in premarket trading on the news.
“We need a CEO who will be here longer term for this new direction,” Ballmer said in an...