Microsoft opens door for ValueAct
Microsoft opens door for ValueAct to join its board Summary: Microsoft may be getting a new board member, investment firm ValueAct's President Mason Morfit. Microsoft and San Francisco-based investment firm ValueAct Group signed a pact on August 30 that opens the door for ValueAct President Mason Morfit join Microsoft's board of directors. ValueAct had been rumored to be lobbying to join Microsoft's board for the past few months. Some said ValueAct officials wanted to see Microsoft CEO Steve Ballmer step down -- something which Microsoft announced earlier this month would be happening some time in the next 12 months. (For what it's worth, Ballmer told The Seattle Times that his retirement had nothing to do with ValueAct .) ValueACt owned as of late July 66,865,530 shares of Microsoft stock , representing 0.8 percent of Microsoft's issued and outstanding shares of Common Stock. According to Reuters, Microsoft Chairman Bill Gates and CEo ...