Clippers owner Steve Ballmer steps down from Microsoft board

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Former Microsoft CEO Steve Ballmer is stepping down from the company's board, bringing to a close 34 years with the software giant. Ballmer says he plans to devote more time to his ownership of the Los Angeles Clippers, civic contributions, teaching and study.

Microsoft published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

The 58-year-old says he plans to hold on to his Microsoft stock — he says he's the biggest shareholder outside of index funds — and will continue to offer feedback on products and strategy.

Ballmer stepped down as chief executive in February. He says his resignation from the board is timely as the company prepares for its next shareholder meeting.

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