Ballmer admits he may be holding the company back
Outgoing Microsoft CEO Steve Ballmer said in an interview with The Wall Street Journal this week that his occupation of the top spot at the software giant may in fact be holding Microsoft back from a fuller move into the new computing paradigm. The Microsoft chief expressed his love for the company that he helped build and has helmed since Bill Gates stepped down as CEO, but he admitted that it was time for a new leader to step in. "Maybe I'm an emblem of an old era," Ballmer said, "and I have to move on."
Eight candidates believed to remain in contention for top Microsoft role
Former Nokia CEO Stephen Elop is now even closer to becoming the next chief executive of Microsoft, after the software producer narrowed its external candidate list to approximately five people, according to a report. Ford CEO Alan Mulally and Oracle president Mark Hurd are said to still be in the running alongside Elop, with the list severely cut down from the initial 40 names.
Compensation package rewards finalized sale
Nokia chief executive Stephen Elop is reportedly set to receive 18.8 million euros (~$25.5 million USD) if Microsoft completes its buyout of the Finnish company's phone business. The severance package will be primarily funded by Microsoft, though Nokia has committed to contributing 30 percent of the total.
Nokia chief stays noncommittal on premium Lumia model
Nokia chief Stephen Elop wanted to talk about the company's new low-cost Lumia handsets, but he wound up tossing about competitor devices and dodging questions about premium Lumia models. Appearing on commercial TV station MTV3 in Finland, Elop encountered persistent questioning from Hjallis Harkimo, the show's host. Harkimo wanted to know when a rumored premium Lumia model — the Lumia 928 — would be coming out, and he wouldn't take no for an answer.