Report: Huge Microsoft shakeup coming. Gates might give up chairmanship, Nadella in as CEO

Gigaom

Microsoft(s msft) is considering having co-founder Bill Gates step down as chairman of the board of directors and naming insider Satya Nadella its new CEO, Bloomberg News is reporting. If true, this is blockbuster news.

It appears some recalcitrant shareholders — the cohort that pretty much forced Steve Ballmer into his slow-motion exit as CEO — have also been roiling the waters over Gates, who co-founded Microsoft with Paul Allen 39 years ago. Their contention is that Gates needs to pick between running his philanthropic efforts — the Bill and Melinda Gates Foundation — or focus on Microsoft. And the thinking seems to be not even Gates can do both.

Bloomberg wrote that Microsoft director John Thompson, former CEO of Symantec and a top exec at IBM Software, could step in as chairman. Thompson has been leading the CEO search.

A Microsoft insider said nothing has been announced internally but…

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