Microsoft Corporation (MSFT): Some Reasons Behind Ballmer’s Resignation From Board

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Still having responsibilities at Microsoft Corporation (NASDAQ:MSFT) is too much for Steve Ballmer, the former chief executive revealed in a phone conversation with Trish Regan, according to a report on Bloomberg’s “Bottom Line”.

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The revelation was made by Regan about the former Microsoft Corporation (NASDAQ:MSFT) CEO after Ballmer stepped down as a  member of the company’s board of directors. The executive has been a Microsoft director for 14 years and has been directly engaged with running the company for over three decades.

“I want to be a great shareholder and I want to pay appropriate attention to my shares, but between teaching classes and my new responsibilities at the Clippers and my civic duties, it’s a lot. […] I love Microsoft,” Ballmer was quoted telling Regan in their phone conversation.

Ballmer was replaced by Satya Nadella on the top position at Microsoft Corporation (NASDAQ:MSFT) in February though he still remains the largest shareholder of the company. The former chief executive also made headlines earlier this year after his record-setting $2-billion acquisition of the Los Angeles Clippers NBA team.

According to Regan, the former Microsoft Corporation (NASDAQ:MSFT) chief stressed that even though he finds the time commitment being a director at the company too much at the moment, he still cares a lot about the world’s largest software developer.

Later in the report, Ballmer was shown saying that he retired from his CEO position at Microsoft Corporation (NASDAQ:MSFT) because he wanted to have what he called was his “next phase” in life. He also alluded to resigning as a director of the company saying he was “strapped” for time for his next endeavors. In the interview, Ballmer said that he wants to be a great Microsoft shareholder, a great Clippers owner and is trying to figure out how to evolve his civic contributions.

It was also mentioned by Regan that Ballmer said that the decision to lay off a substantial number of employees at Microsoft was made by Nadella and not the company’s board. The former CEO was also quoted saying he favors the company not spinning off divisions such as the Xbox division.

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