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Nadella's elevation adds little to Microsoft scrip
February 09, 2014
Satya Nadella's elevation as Microsoft boss seems to have elicited a mild reaction from investors with the software giant's share price remaining mostly flat in the first four days of his reign.
Shares of Microsoft, whose market valuation is worth over $300 billion, gained less than one per cent since Nadella was appointed as CEO on February 4.
On the day of appointment, the scrip closed at $36.35.Over the next three days, the price movement was marginal and ended at $36.56 on February 7, Friday.