Microsoft Corp. is giving a board seat to an activist investor for the first time, a landmark move that comes only a week after Chief Executive Steve Ballmer disclosed he would step aside.
Announced in the waning moments before the Labor Day holiday, Microsoft said it would appoint a director from ValueAct Capital Management LP early next year. It would be the first time the company had ever appointed a director not solely at its discretion.
Microsoft tried to bury the Ballmer announcement last Friday, and now a week later, they’re trying to bury this. But this is also big news — this will have a potentially huge impact on the shape of future Microsoft. Let’s see if this leads to a bigger shake-up of Board as well.