Microsoft's shareholders are frustrated with the fact that the company's shares have not yielded much gain despite the company posting record gains and profits this year.
According to the Seattle Times, many shareholders were seen grumbling about Microsoft's stock price, which has been lingering between $25 to $30 over the past few years. A few believed that the 23 per cent dividend increase being offered by the software giant was not enough to boost the stock prices.
“We're all shareholders, all of us are shareholders, so I do understand the frustration,” said Microsoft CEO Steve Ballmer.
“So let's talk about what we can do and what we can't do. I mean, ultimately, the stock market gets it right as long as we get it right. So we optimize every day on getting it right,” he added.
Ballmer also said that Microsoft co-founder and chairman Bill Gates, the second richest man on earth, is currently advising the company on key product development.