The three investors are concerned that Gates’ presence on the
board effectively blocks the adoption of new strategies and would
limit the power of a new chief executive to make substantial
changes. In particular, they point to Gates’ role on the special
committee searching for Ballmer’s successor.
They are also worried that Gates - who spends most of his time on
his philanthropic foundation - wields power out of proportion to
his declining shareholding.
If anything comes of this — man, what an ignominious end.