Forbes – Microsoft called it a cooperation agreement and made the announcement late on Friday, just prior to the Labor Day weekend and some pretty big deal making news, but there is no masking the huge victory that hedge fund ValueAct has scored in Redmond, Wash.
Despite owning a mere 0.8% stake in Microsoft, ValueAct Capital Management has forced its way onto the board of the software giant days after longtime Microsoft CEO Steve Ballmer announced he would be quitting within a year—a move that appeared to have ValueAct’s finger prints all over it.
