Microsoft says CEO Ballmer to retire in 12 months

NEW YORK • Microsoft CEO Steve Ballmer, who took over the helm of the world’s largest software company from founder Bill Gates, will retire within the next year. Microsoft Corp. did not name a successor, but said the company is forming a search committee, which will include Gates. Ballmer will stay on until a replacement is found. “There is never a perfect time for this type of transition, but now is the right time,” Ballmer, 57, said in a statement released by the Redmond, Wash., company. After...

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