Stephen Elop Leading Race for Next Microsoft CEO and 2 More Heavily Traded Stocks to Follow
Microsoft Corp. (NASDAQ:MSFT): Current price $33.02
Trying to guess who will replace Steve Ballmer at Microsoft is proving to be a grand entertainment for all. A British gambling website’s favorite as the company’s next chief executive is Stephen Elop, the Nokia Oyj chief who has presided over a 62-percent fall in the firm’s market value.
Elop is a former Microsoft executive and currently has 5-to-1 odds to be picked as Ballmer’s replacement, says the United Kingdom-based gambling operator Ladbrokes Plc. The front runner was the president of Microsoft’s business unit, where he was in charge of Microsoft Office, prior taking the top job at Nokia. He leads a pool that includes the internal candidates Kevin Turner and Julie Larson-Green, and outsiders such as the Apple Inc. Chief Executive Tim Cook, who is a 100-to-1 dark horse.