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There are at least five external candidates and three internal candidates left    



From DailyTech:
According to a new report from Reuters, Microsoft has narrowed its list of potential CEOs down to about five external candidates, and is looking at at least three internal possibilities as well.

The only known external candidates are Ford CEO Alan Mulally, former Nokia CEO Stephen Elop and Computer Sciences Corp. CEO Mike Lawrie. The names of the others could not be disclosed at this time.
  Microsoft Shortens List of Potential CEOs