Linked by Thom Holwerda on Fri 23rd Aug 2013 13:12 UTC

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company’s transformation to a devices and services company. We need a CEO who will be here longer term for this new direction.”

This was long overdue. Microsoft needs fresh blood at the top - not a salesman, but a visionary.

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You may "win" your income, but I earn mine through my technical expertise, hard work, and intelligence.

That's one of more common cognitive biases - we are all mostly born into success; when looking at different factors, where and to what family you were born is the most reliable one when predicting later success in life.

About how common it is: there's this concept of "American Dream" and "land of opportunity" ...while the US is in reality at the bottom (together with the UK) of developed countries in actual measure of this stuff, social mobility (in short: how much the end result depends on your efforts and how much being born into it). At the top are popularly disparaged so called "nanny states" BTW.

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