Microsoft CEO Steve Ballmer To Retire Within A Year

In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of onli... In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. MORE LESS
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NEW YORK (AP) — Microsoft says CEO Steve Ballmer will retire within the next 12 months. The world’s biggest software company did not name a successor.

Microsoft Corp.’s stock is up sharply in premarket trading following the announcement.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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