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Microsoft shares surge over 8% on news that Steve Ballmer will retire within a year
Steven Perlberg
Microsoft just announced CEO Steve Ballmer will retire.
And the stock is surging, up over 8% pre-market.
Ballmer, who has been CEO since 2000, will retire within the next 12 months, according to Microsoft. The board has begun the process of looking for a new CEO.
Last month, the company announced a major reorganization.
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