Microsoft Stays in-House with New CEO (YahooFinance)
After publicly flirting with executives from Dell to Ford, Microsoft Corp. (Nasdaq: MSFT) chose company insider Satya Nadella to replace Steve Ballmer as CEO. The 46-year-old cloud-computer expert is originally from Hyderabad, India, and some think his elevation to this position indicates Microsoft is seeking to show it is not a company stuck in the past. Could he provide investors with the spark theyâ??ve been looking for to ignite extraordinary share-price growth just as former rival Steve Jobs used to do for Apple? Or, is his selection simply â??more of the same,â?ť as Nadella worked closely with both Ballmer and Bill Gates for more than two decades? Whichever the case, investors can at least breathe easier knowing that the company wonâ??t drift rudderless into the future.