Last August, Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer said that he would be retiring within 12 months. The successor has not yet been named. Microsoft has had two CEOs in total – Bill Gates and Steve Ballmer. Both Gates and Ballmer have a seat on the board of directors, but this has been an intimidating factor for the potential successor. It is believed that Ballmer will resign from the company as a whole after stepping down, which would end his direct involvement in the company. It is unlikely that Gates will step down though. Some of the names on the shortlist for the potential successor at Microsoft includes Skype president Tony Bates, Microsoft cloud and enterprise head Satya Nadella, Nokia CEO Stephen Elop, and Ericsson CEO Hans Vestberg.