A Finance Professor's blog.
I am a Professor of Finance in the Poole College of Management at NC State University.
My website: https://sites.google.com/ncsu.edu/warr
Opinions are my own.
Monday, August 26, 2013
Why the CEO matters - Microsoft sheds the Ballmer discount.
Here's a clear indication of how a CEO can make a difference -- by quitting.
Last Friday, Steve Ballmer, CEO of MSFT, announced that he would retire. The market's reaction was pretty unequivocal.
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