There was some disagreement over whether it was time to give Microsoft CEO Steven Ballmer the boot.
“Give Ballmer a break,” Gillis said, pointing to the company’s record earnings, record revenue, and record cash flow over the last year.
But Karen Finerman a self-proclaimed “long-suffering Microsoft shareholder,” asked when it was time to hold management responsible for not getting shareholder value. Gills said while the company’s stock has gone from a high multiple name down to a low multiple value name, he believes management is doing the right thing.
But Melissa Lee countered, “Shareholders are looking for price appreciation at the end of the day, not just well-intentioned, good managers.”