Jan. 8, 2014 5:17 p.m. ET
Microsoft investors may be disappointed that Ford Motor chief Alan Mulally won't be riding to their rescue. More worrying is how the long search for Microsoft's next boss has exposed what seem to be divisions at the top about who should be running things.
Mr. Mulally's announcement that he plans to stay at the car maker sent Microsoft's stock down nearly 2% on Wednesday. The market reacted similarly on Dec. 13, when it became clear...

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