microsoft officially naming its new ceo, satya nadella, to replace steve ballmer.hey've released a series of videos. take a listen to what don thompson had to say. >> after reviewing all of the candidates, satya nadella was our first and unanimous choice. he has the technical expertise, the product experience, and the leadership attributes we were looking for. >> former ceo steve ballmer also had something to say. take a listen. >> i am so excited today to be part of announcing satya nadella as our new ceo. he is a microsoft veteran, 22 years he and i have had a chance to work together. i know satya nadella will lead this company into the future and that future is going to be right with innovation, with growth, and with impact in the market and on the world. i love this company and today could not be a better day. >> we will all certainly miss steve ballmer's enthusiasm. we are here at a roundtable of special guests. microsoft's former president of the office division, he joined them in 1992, he led healthcare.gov, and cory johnson our editor at large here as well.

steve ballmer also had something to say.e a listen. >> i am so excited today to be part of announcing satya nadella as our new ceo. he is a microsoft veteran 422 years. in erie and 22 years we have had a chance to work together. at future is going to be bright with innovation, with growth -- , with impact on the market and on the world. company.is >> we will miss his enthusiasm. we are here with special guests, paul kedrosky from san diego, microsoft's for office division president. and jon and cory johnson are here as well. there is no indication steve ballmer is stepping off the board. he is still a director. gates is taking a greater role in product and product development. how's this going to affect satya nadella's ability to do with he needs to do? >> i think it will be a positive. i think he has a lot of different voices which are complementary and challenge one another. steve is such a strong business person and having more of bill's time to be able to engage on the technology side, it is going to be a strong cast of

most people didn't know steve ballmer and didn't care. what has this guy got? >> he's been an insider for a long time. he knows how the culture works and he knows the company. and he gets how software is important. and he gets that mobile is important, which is also good. and i think that that's something that we mixed a little bit with baumer. >> i'm in a tiff with what some of my coworkers say when i wanted to do microsoft. if i said other companies, i think that people would be enthused. and we're not even enthused about microsoft. should we be enthused? this is a big important company. >> microsoft is an important company, and i don't think they're irrelevant yet. i'll talk to you in the next five years, and we'll see where they are, but they're very important. and they still innovate. burr the problem is, they have not been able to execute on a lot of the things that they talk about. for years in the technology realm, when you go to technology conferences, they would be showing off cool stuff. and they never brought the products to market. and you had goog

steve ballmer announced he would be leaving. as if to say that the road map that we put forward is a good one. now we have to execute on it in a bigger way. >> thanks for a much, jon erlichman, our senior west coast correspondent, joining us from los angeles. more on the chief executive. he is a 22 year veteran of the software have any. he was raised in india and attended universities there as well as in the united states and lives in bellevue, washington, heading up the cloud computing and enterprise teams. my next guest said that he was among groups that defied stereotypes about south asia. the rockis a fellow at center for corporate governments. thanks for being with me. do you have a serious independent streak? >> do i? i think so. i am an entrepreneur, academic. i have been researching the subject area and an interesting fact. and 15% are started by indians. most innovative land in this planet. indian rise, it is amazing what happens. >> what accounts for the statistics you have been able to put together? >> i have been try

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i tried to give steve ballmer advice on strategy. it is really hard to make those judgments and final assessments on let's you are the one running the ship. >> it is also argued with respect to microsoft that there might be a lesson in terms of the way you run your sports franchise. it is better if you just simply give to the person you choose to run all of the latitude to run it and as long as bill is there, it is kind of on the board as steve is on the board. they are looking over the ceo's shoulder. >> that's a fine line you would have to walk if you are going to be more involved than atypical board member. i have no idea how that will play out. somebody of bill's stature, you will want to listen to their advice. they have decades of perspective on where the company is going and what of the competition is doing. you want to take that advice and fold that into your thinking. at the end, you have to make some of these key decisions and have latitude. >> you talk about this in the book. what is the difference between you and bill? >>

i've tried to give steve ballmer advice on fine tuning their strategy.t it's really hard to make those judgments and final assessments unless you're the one running the ship. >> there's also argued that with respect to microsoft, that there may be a -- there may be a lesson in terms of the way you run your sports franchise. it's better if you just simply give to the person you choose to run it all the latitude to run it. and then as long as bill is there, it's kind -- and on the board, as steve is on the board. they're looking over the c.e.o.'s shoulder. >> that's a fine line you would have to walk if you were going to be more involved in -- than a typical board member and i have no idea how that's going to play out. obviously somebody of bill's stature you're going to want to listen to their advice and they're going to have decades of perspective on where the company is going and what the competition is doing. so you want to take -- if you're the new c.e.o. you want to take that advice and fold that into your thinking. but in the end, you have to make s

as for steve ballmer, he remains on the board at least for now. one issue for nadella, will he have room to operate as the ceo or will gates and ballmer try and dominate the board room. while several changes were made today, the question remains about whether this new leadership team can help microsoft transition to a company focused on mobile and cloud technology. nadella has the experience in the cloud and will soon find out whether he has the ability to take on the many challenges facing microsoft. josh lipton, "nightly business report," silicon valley. >>> joining us now to talk more about microsoft's new ceo is brent phil. he's senior analyst at ubs. brent, you've probably heard all the talk on wall street today. they wanted a new ceo to run microsoft, someone that was an outsider from the company. so let's just begin with your point of view. is satya nadella the right guy for this job? >> yes, we think he is. he was our pick from the get-go while wall street wanted an outsider, we think they're most capable on the inside. he's been in the com

he is replacing steve ballmer. bill gates. aside as chairman of the board.ideo that was circulated. right background to lead this company in this era. there is an opportunity in the cloud. the groups that he has working with, he has really met the needs of our customers. help out.better the stock has been in the same place since 1998. it was bare 2007. $36. whether he is wearing the suit odie.e huddy -- hodie >> that stands for innovation. >> bill gates has done a fantastic job with the move. he is putting himself in a steve jobs position. he says he will work there when they wait. a third of his time will be devoted to microsoft. -- nadella is free to do whatever he wants. he can take some parts of the company and get rid of them. >> not everything. it is like to parent on the board over your shoulder. his job is on the line if he does something to upset former or gave -- steve ballmer or bill gates. >> he will be the driving force. will move people aside so this guy can go ahead and make changes. >> he will make some room between bill gates. is the german

change the name on the parking spot over at microsoft from steve ballmer to satya nadella. a 22 year microsoft veteran. getting the nod as the new ceo. that is not him, but bill gates, microsoft founder who am i just caught up with about two weeks ago, he did comment it is so unbelievably cold there. bill gates is stepping down as chairman, he will become a technology advisor. really got the sense that he is focusing on trying to change and save the world for the better. satya nadella will take over. right now microsoft shares have been movvng higher. as we take a look at the stock up $0.10, we will have much more on microsoft and the changes at the pump and if they should affect your decision to keep the stock, by the stock, sell the stock, stay tuned for that. you can definitely not say stocks have made a comeback. we are up, but not nearly what we lost yesterday. today games have created new uncertainty about the federal reserve paper plans meaning scaling back the bond bond purchases put in years ago to stimulate a very tough market. david asman asked that pressing ques

john thompson was the guy directing the board to make the decision that put pressure on steve ballmer and will force him out even though he is one of the largest shareholders and one of the original microsoft guys. clearly, john thompson had a big role in being successor. >> how involved was he in nadella to be the ceo? >> he was part of the process. we saw is that anytime a name came up in the press -- i suspect those names came up because people threw them out there and made up the names -- the board took the step to say we are considering that person or we will. we know about lots of people who were interviewed and went far along in the process. wentems like the board through some really rigorous work to determine both the direction of the company what kind of person they wanted to run it. >> we asked john thompson earlier today what the biggest challenges are ahead for microsoft. >> the issue for us is about focus. one of the reasons why we chose sasha nadella is he has a strong technology background and understand exactly what needs to happen to move microsoft forward. we are exc

steve ballmer. know about steve balmer.

, bill gates says there is no better person for the role, steve ballmer 20 years, the right leader foricrosoft spearheaded transition into the company moving into the clouds so here we go. the new ceo of microsoft. dagen: apparently so well like to. we will see you, thank you so much. google's barge in the san francisco bay no longer welcome. the conservation and development commission received several complaints and found the tech giant cannot acquire the proper permits to keep its vessel where it currently stands. officials say the problem can be fixed if the barge is taken to a permanent construction site. the four story barge has been there over a year. purpose originally a mystery although plans and late last fall shows that the barge had been constructive as interactive site to teach the public about technology. will get shares of google, there is the fight about the buses in san francisco. it is a real war of the people in the technology industry, very left-leaning folks. connell: in the city in general. the fda, food and drug administration lodging $115 million anti-smoking cam

a lot to accomplish and i think, when we saw that rally when steve ballmer said he was stepping down, a stock, it's an indication the market wants change and maybe one of the way, i don't know how you feel, dom, one of the ways you institute change, doing something dramatically different than your predecessor. >> he wants to make a mark on microsoft and tweeted after he got the job that he was going to tweet more often. so something i'm following on twitter right now. can't wait to see wa he tweets in terms of his job as ceo of microsoft, satya nadella. >> i suspect satya -- she mohe e of a tech guy from those ranks. i suspect he'll learn sales technique quicker. >> he has to. >> number two, soda wars. coca-cola buys a state in green mountain in hopes of moving in soda streams at-home beverages. who wins and loses in the latest soda -- >> only reason he had a job, people were who lazy to get up and change the record themselves. many more ways to listen to music today, but people still listen to the radio. people are still going to want to go buy a can of coke, i think. >> i think so,

ceo steve ballmer announced his retirement in august. the company may also be getting ready to replace chairman bill gates. sources tell bloomberg this will not diminish his role in microsoft. mitsubishi motors reportedly is planning a new management structure that could include the departure of its long-time president...sources tell reuters--- the automaker will appoint a managing director to replace o-samu ma-suko. masuko has led the company for 9 years. the report says he could become chairman, focusing on building relationships with other car companies. a focus on new, more "affordable" luxury cars could have younger buyers heading to showrooms. a growing segment of the auto sector is high end cars, with a more affordable price tag. jack nerad of kelley blue book says typically... luxury cars attract buyers 50 and older, but that is changing. the age range is down. and for our group of luxury cars, luxury cars under 40,000 dollars, a lot of people who either buy these or lease these are much younger than that. automakers have looked

satya nadella will replace steve ballmer.a is a 22-year microsoft veteran who led the company's cloud computing unit, which houses data and delivers software and other services over the interit in. nadella will be the third in history. founder bill gates will return to the company to act as an adviser. >>> asian markets were mixed despite upbeat earnings by panasonic and toyota. tokyo's nikkei gain 1% rebounding from a four-month low. hong kong's hang seng lost half a percent. >>> wall street is recovering from a 326-point drop. the dow rose 72 points. the nasdaq composite gained 34. among the biggest gainers were fashion retailer michael coarse and the owners of pizza hut, kfc, and taco bell restaurant chains. >>> twitter releases its fourth quarter earnings, first since its public offering. analysts expect its revenue to have more than doubled and have grown its user base. twitter is also expected to benefit from the shift of advertising dollars from traditional media to the internet. >>> retail giant target apologized for

ballmer seen steve retired from the company. how much was his own doing? how much was the board asking tougher questions? johnows the hands of thompson. >> let's take a look at this interview. what the biggest challenges are for microsoft lying ahead. >> the issue quite frankly for us is about focus. one of the reasons why we chose sasha and adele as she has a strong background her. we are excited to watch the next few months unfold as he builds his strategy to reject the company. >> absolutely. so much will focus on the cloud. the company that find the cloud attractive want fast service providers, quick service providers, flexible. how is microsoft going to be more noble to cater to this consumer? has certainly demonstrated inability to provide how based web form on which others can build applications. is a verythat, 365 successful cloud-based application. the combination provides a foundation on which microsoft can clearly grow its cloud-based business. it is focusing on how we we can become more relevant to consumers. it has a strategy launched about a

world'st am at the largest software company has named satya nadella as the next over for steve ballmer immediately. >> i am very excited about the choice of satya nadella to be the next ceo of microsoft. as the industry changes, we need to move forward. online.video posted this is his baby. the next chief executive has to be on the game. has the rightla's background. there is a challenge in mobile computing and an opportunity in the cloud. ,e has driven innervation gotten architectures put together that really meet the customers needs. the opportunity for microsoft is greater than ever before, whether it is taking office and bringing facebook acquired instagram and, oh, yeah, the company went public at $38 a share. by the end of 2013, facebook servers had saved more than 300 petabytes per data. of data. everyone million gigabytes stores 10 million photos. that is a lot of selfies. facebook continues to grow with its market cap close to 150 billion dollars. zuckerberg's next challenge, making it through the next 10 years. ahead of the company's 10th anniversary, brad stone sat down with

see -- steve ballmer, we know you have something to say. >> i'm excited to be part of announcing satya nadella as our new ceo. eo.he has been a veteran at i know he willi know lead the cy into the future. that future will be bright with and impact growth, in the market. i love this cpany. -- today could not be a better day. >> microsoft rollingroll out ale stops and video for the new ceo. we even got to hear from side to himself -- satya nadella himself. obstacles remove that allow individuals to innovate. and then focus innovation on things that microsoft can uniquely d i think about the core of why i'm here, is about impact. in thftware powered world, what is a better place than microsoft inin terms of being ae to take all of this human inential that we havehave 130,000 people and apply it to a world that is rapidly becoming more software driven? this opportunityortu is what drs drives and got me to take this - raise my hand for this job. -- from ther them guys at microsoft. let's hear from the analysts. it is a good match. a good thing for the futureg fo the company. they are doing

karen swisher reports that satya nadella could be the front-runner to replace ceo steve ballmer. analysts say the choice could make strategic sense. nadella is a 22-year veteran of the software giant. he's held leadership roles across multiple microsoft businesses. most recently he's been leading microsoft's transition to a cloud and services company. >> cloud is the epicenter of microsoft's future success. they're really going for the golden jewel within the enterprise. more and more spending is going toward the cloud. for microsoft to be a very relevant player they need to have success in the cloud, which speaks to why mr. nadella is sort of front and center as the potential ceo. >> our servers are all getting upgraded. >> reporter: nadella also has the technology credentials for the job. he has a deep background in electrical engineer ellinging and commuter science. there are concerns about choosing nadella, however. many on wall street want an outsider to take charge of microsoft. taking a long-time insider could disappoint investors who want dramatic change at the company. >

>> steve ballmer is the ceo and i am actively engaged in running our enterprise engineering. >> do you want the lead executive role? >> i have said everything i'm going to say about that topic. it's an amazing spot to be. both innovating and taking to market and having an impact across society at large. that is what is exciting about being at microsoft. >> so you are in it for the long haul? >> absolutely. >> that is not all our reporters at bloomberg have uncovered. >> the board is also considering replacing bill gates as chairman. possibly with lead independent director john thompson. he was the former ceo of symantec. >> let's talk about thomson first. a longtime ibm exec joining symantec in 1999. he took the company from $600 million to 6 billion dollars in sales. the company makes software is -- software that tracks performance. he has asked some tough questions for top executives, including ballmer. this is according to people who know him. let's talk about bill gates. he has been spending most of his time focused on philanthropy. we asked him about his role in the company. this

i don't know what microof the is doing. >> and i know you compared him with steve ballmer, but i like how the journal compared it to other tech ceos. >> is that like saying yada, yada, yada as well as stock awards? >> what is -- >> if i'm reading this right, i'm reading your script, will be eligible for an annual cash bonus up to 6.3 million as well as stock awards. >> total of $18 million. >> but only $18 million. >> at ibm, it was 16 million. marissa mayer, the annual salary was $1 million but, of course, there were equity compensations. packaged to $36.4 million. >> i don't know if anybody read "the wall street journal" this morning. the most interesting nugget on this whole thing, the fact that the reason why alan mulally dropped out was because he didn't want -- because there was such friction in class with steve ballmer who was going to remain on the board, one sentence bizarrely buried in the story that explained why -- and i don't know if that's really why alan mulally left, but the suggestion was they kind of hated each other, the story said, i thought that was fascinating. >

someone who likes to see everything and take on a management reorganization of the company that steve ballmertalking to a lot of different constituents now as the eeo. he has got to talk to shareholders and customers and employees. who needs to be appeased first? >> it has to be the investors who can forgive them and give them leeway to figure out the company is going in the right direction. that is the most important thing giving confidence to the people and bringing on more talent in the company. >> they already enraged shareholders quite a bit over the deal. critical those will be because shareholders want microsoft to us and off the consumer products. they went deeper by by nokia. there was already some disruption in the relationship. you are right on the fact they talk to investors. >> everybody wants someone to turn ballmer's strategy around. that question, we do not know the answer yet, but what happens , that is themer question. >> i think he goes to the 12 man and takes a more active role as a vioxx fan. >> all right. thank you so much, joining us by phone. matt miller on the breakin

with today's announcement, he replaces steve ballmer who announced last august that he'd be leaving the company. in addition, microsoft founder bill gates is stepping down as chairman, but he'll serve as a technology adviser. still to come on the "newshour": a forecast that the affordable care act will cost jobs; what's behind the recent market jitters; the new push to get teens not to smoke; using playtime as a tool for learning; afghan president karzai's secret talks with the taliban; plus, ahead of the olympics, confronting russia's stance on gay rights. >> ifill: the congressional budget office's assessment of the economic fallout from the affordable care act re-ignited partisan debate today. the new report focused on the impact the law could have on the labor force, specifically, how it could lead to fewer full-time workers over the next decade. julie rovner of n.p.r. has been covering what was in the analysis, and the reaction all around. reaction by the republicans, julie, is that this is a job killer. the reaction from the democrats was this was good news. which is it? >> well,

after 14 years at the helm microsoft ceo steve ballmer is replaced by satya nadella.en there quite some time. will he be able to revive the technology giant? is the game-changer the company needs? david: joining us for a first on fox business tinner view, brad silverburg, founding partner of ignition partners and a former microsoft executive. brad was actually once nadella's supervisor or one of them anyway. brad, thank you so much for joining us. appreciate it. nadella, as liz just mentioned, he is a2 year veteran of microsoft. he has been there a while -- 22 year. there was a lot of talk bringing in an outsider someone like alan mulally of ford. what would have been wrong with that? >> thank you very much for having me on the air today. david: thank you. >> i have known sat yaw quite a while. he worked for me back in the mid '90s. i think he is a extraordinary executive. microsoft needs a strong visionariry, someone that knows how to work the organization. as you heard microsoft is difficult for an outsider to come in and. david: why is that, brad. >> a complicated

ceo of microsoft steve ballmer spent $116,000. bill gates spent almost $500,000.he spent $6.8 million in state campaigns favoring republicans. in fact, more than half of the 400 richest americans contributed either to president obama's or mitt romney's campaigns. and as the president of the watchdog group public campaign puts it, you're going to end up having politics be ebay for millionaires and billionaires. and these are the potential winners of those political ebay bids. five of the top super pac donors last year were individuals, not corporations or unions. the number-one donor? thomas steyer, who reportedly donated more than $11 million last year. in fact, tom steyer is with me now. he's focused on much more than a candidate. he's on a cause, climate change. he's committed $100 million for an ad campaign this year, and he's not afraid to go after fellow democrats to get his point across. joining me is tom steyer, president of next gen climate action. good morning to you. >> mr. todd, good morning to you. >> welcome back to "the daily rundown." i want to get

mean, steve ballmer. symbolically, bill gates stepping down as chairman sends a strong signal.e is not the guy who will be setting the tone. >> the most interesting thing on this we found is that pc nadella'ssaid microsoft will develop into a platform company. they said microsoft was becoming more of an apple and the nadella will become more of a google company. >> you want the platform everyone will use print we talk about the emergence of platforms and amazon and apple and google have one. it's not just an individual product, it's something that ties them together. >> how likely is that with mobile? they have three percent. >> they have a long way to go and many to push the tablets. it's not just about smartphones and people have not wanted to buy the microsoft smartphone. >> let me bring in michael dodds. what would mackenzie advised? ? when you look at the idea of advice to companies in turmoil and transition, what is the first step? >> they have to make a decision around innovation. in innovation there is the early bird gets the worm. and there is another strategy that the

company looked for six months around the world and ended up pacificing some down the hall from steve ballmer'shis is one that's going to be a slow step into the strategy, but with gates as the mentor, that's sort of the role, especially with him stepping down from chairman of the board. >> is it the right thing for the company? nothing radical is going to change, is it? one presumes. but it's going to be more gradual. but if you brought in an outsider, it would be somebody that could have a completely new look at the company. >> yeah. i mean, look, when this whole thing started, i mean, you were looking for the home run candidate, the outsider, new blood, a white board with nothing on it. instead, they went with an insider. again, you went for the home run pick, i'd call it a single or a double at best. that's kind of the issue here is that you feel it's going to be more of a status quo, is he going to operate it like we've seen in the next decade or is he going to have a new strategy with an outsider? i think that's the issue investors want to hear from him. >> daniel, what about the likeliho

the predecessor steve ballmer was really bad at that.tory because if you're under 35 and don't own a house you may never on a house. home prices have spike to hide. you can't afford the money for the deposit. there's not a lot of inventory. there's a lot of worldwide people chasing big cities like london and san francisco. these are stunning numbers and again they just get out of reach for families. you may have bay house that you need a family who can buy from you for a lot and that's becoming more and more problematic. on to netflix. it looks like they're gonna try to grab more money. >>: here's a company that netflix tried every casing. they flew to dallas. blockbuster three years later blockbuster was falling apart. there's a company that's borrowing $400 million. i like this because they're borrowing at an incredibly low rates. netflix can now try another house of cards. and for the record a fashion statement. on is really really hot on the roadways. just to throw out there. having my moment in style just in case this financial thin

. >> with steve ballmer, i would say he was m.i.a.ose. >> he was there for quite a bit of time in the initial years. >> is there a need for a revolutionary change or is this something where you keep doing what you're doing. >> it's something the media loves. let's make a big change. this is a massive company. i do think leadership is important but this is such a complicated company, to make these changes you have to have a lot of leaders at microsoft. they're little countries. >> i was going to say, kara, norman, this is to you, i've been to countries that were smaller to microsoft physically, the place is massive. norman, the thing i mentioned earlier that i like about this pick if it happens, to me it's an acknowledgement that microsoft knows what they are. we focus on the failures of the media, it's true. bing, it's not working. microsoft stunks. guess what? revenues in 2009 fiscal year 58 billion, revenues this fiscal year, probably 85 billion. if that's failing, microsoft's actually doing quite a good job at failing. they've incr

interview today with satya nadella in "the new york times" talking about the lessens he learned from steve ballmerl gates, right? you are talking about diversity at a very rarefied level, immigrants, running our biggest countries. >> it's what this country does very well, renews itself unlike others don't. can i mention express scripts, the big pharmacy benefits manager came through with earnings, by the fact that united health, of course, was lost as a customer and also the big deal they are betting down there at the medco health solutions also weighing on the profit. express scripts falls i believe today, carl. >> we are going to get some data out of 10:00 and the conversation will continue i believe whether or not the weather is masking true improvement in the economy. we've had some pretty good data this week. the market flash, delinquencies are down, foreclosures are coming in and credit is being created among u.s. households, but if it warms up in some of these and businesses don't improve, it will change the conversation. >> for what it's worth i did two interviews in two areas of lodging w