Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Bets for new Microsoft CEO open

28 August 2013, 16:15

London - As Steve Ballmer bows out of Microsoft, the guessing game over who will replace him has started with a British bookmaker putting Nokia's Stephen Elop as the favourite.

Ballmer, 57, unexpectedly announced his retirement last Friday after more than three decades at the world's largest software company, including 13 years as chief executive.

With no heir apparent, Ladbrokes opened up betting on successors for Ballmer who will depart within the next year, with Elop, 49, topping a list of 26 candidates with odds of 5/1.

British and Irish bookmakers offer a wide range of bets as a niche sideline to more lucrative wagers on sports. Online gambling is far more restrictive in the United States.

Elop, a Canadian, led Microsoft's business division before becoming chief executive of the Finnish firm Nokia in 2010 with a brief to revive the once-undisputed leader in mobile phones.

Senior Nokia employees say he has forced them to make faster decisions. But Nokia's ability to compete in the global smartphone market is increasingly questioned; its market share stands at around three percent, far behind Samsung and Apple which control around 50% between them.

Internal Microsoft candidate Kevin Turner, chief operating officer, is second favourite with odds of 6/1 to replace Ballmer, according to Ladbrokes. In third is former Microsoft executive Steve Sinofsky, who left the company last November.

The top female candidate in the stakes is internal head of devices and studios, Julie Larson-Green, in fourth place.

Microsoft co-founder Bill Gates is ranked as a 50/1 shot to return to fill the void but he is considered more likely than rank 100/1 outsider Tim Cook, CEO at Apple.

Ladbrokes' spokesperson Alex Donohue said the market was a "who's who of high fliers" in the technology world. "With a year to go we anticipate that this market will smash all previous records for technology betting," Donohue said in a statement.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...