REUTERS/Lee Jae-Won
CEO Steve Ballmer made power at the company more diffuse, which ends up giving him more control, and leaving no clear heir to the CEO throne.
(Side note: this is probably for the best. The last CEO-in-waiting at Microsoft was pushed out, as was the CEO-in-waiting at Apple. If you think the CEO is on the hot seat, the waiting-in-the-wings-to-take-over is an even hotter seat.)
Anyway, in an interview with the Seattle Times, Ballmer addressed the idea that Microsoft doesn't have a succession plan in place. He says it's nonsense:
Our board always has a succession plan.
The specifics of what our board is thinking is confidential. But I can say our board has put a lot of time and energy into the notion of both longer-term succession, as well as what I’d call the “what if the CEO gets hit by the bus” succession.