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Testing Time has Begun for ValueAct’s Microsoft Play

Jeffrey Ubben’s activist hedge fund can do only so much for Microsoft; it’s up to CEO Satya Nadella to stage a turnaround.

       Microsoft CEO Satya Nadella (Bloomberg)Jeffrey Ubben and Mason Morfit at ValueAct Capital Partners wanted to see a change in direction at Microsoft, and now they’re getting glimpse of what change might mean under CEO Satya Nadella. The new chief executive, who has been in the job for just five months,

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