Microsoft CEO Steve Ballmer to Resign

    Microsoft CEO Steve Ballmer introduces the new HTC 8S and 8X at a news conference September 19, 2012 in New York.  Ballmer joined HTC CEO Peter Chou on stage as the two introduced the new phones. AFP PHOTO/DON EMMERT        (Photo credit should read DON EMMERT/AFP/GettyImages)

    Don Emmert / AFP / Getty Images

    It’s not exactly a gold watch. Steve Ballmer, the veteran CEO of tech titan Microsoft, announced today that he’d be leaving the company within a year. On cue, shares surged 8 percent, adding about $20 billion in market capitalization to the Seattle software giant. Ballmer, an early Microsoft employee, has run the company for 13 yearsan astonishingly long tenure for the CEO of a tech company. But while Microsoft still makes plenty of money, it has had great difficulty adapting to the post-PC world. Since Bill Gates stepped down, the company has been unable to replicate its operating system and software success in the world of music, content, tablets, gaming, and software. As a result, the company’s stock today trades about where it did in 1999.

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