In quite a surprise move, Microsoft has announced that its CEO Steve Ballmer has decided to retire within the next 12 months. Ballmer had taken over as Microsoft CEO from co-founder Bill Gates in 2000 and has been with the company since its inception. While the company hasn't announced any successor yet, it plans to choose a successor in the next 12 months, for which it has appointed a special committee headed by John Thompson and has members like Board Chairman Bill Gates, Audit Committee chairman Chuck Noski and Compensation Committee chairman Steve Luczo. What's surprising here is not that Ballmer is quitting, but the rather long transition period. Microsoft might be looking to ensure that there is continuity, over a longer period of time, but 12 months is unusually long. This is especially true when Microsoft recently underwent a major restructuring dubbed as 'One…
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