Microsoft CEO Steve Ballmer Rejects Shareholder's Ideas to Spin Off Divisions

Microsoft shareholders' faith in the software giant's chief executive officer Steve Ballmer has declined slightly, it seems.

During the company's annual shareholders meeting, Ballmer was re-elected to the board after receiving votes from 92 percent shareholders, down from 95 percent at last year's shareholder meeting.

The figure, when broken down, reveals that 5.4 billion shares were in favor of Ballmer while 486 million voted against him, Channel Register reports.

For comparison, Microsoft co-founder and former CEO Bill Gates and other members of the board received 99 percent of votes in their favor.

Ballmer has been busy dealing with shareholders who are demanding that Microsoft spin off some of its divisions.

At this year's shareholders meeting Ballmer declined to agree to the mutinous demands, which arise from the fact that Microsoft's share price has stayed in the $20-$30 range for the last ten years despite the immense success enjoyed by Office, Windows, and Xbox.

After the meeting, some shareholders were grumbling that they were given only 15 minutes to ask questions of Ballmer and Gates.