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View Full Version : Bill Gates stepping down from Microsoft


KingPriest2
06-15-2006, 04:01 PM
www.cnn.com

KingPriest2
06-15-2006, 04:02 PM
Gates to leave day-to-day role at Microsoft
Chairman to devote more time to charitable works.
By Amanda Cantrell, CNNMoney.com
June 15, 2006: 4:57 PM EDT


NEW YORK (CNNMoney.com) - Microsoft announced Thursday that chairman and co-founder Bill Gates will transition out of a day to day role at the company, effective July 2008, to spend more time working on his charitable foundation.

Gates will then work part-time at Microsoft (up $0.19 to $22.07, Charts) as chairman and technical advisor and will work full time for the Bill and Melinda Gates Foundation, the organization he founded with his wife, which focuses on global health and education.


"I've decided that two years from today, I will reorganize my personal priorities," Gates said during a news conference, adding,"I have one of the best jobs in the world."

"I believe with great wealth comes great responsibility - the responsibility to give back to society and make sure those resources are given back in the best possible way, to those in need," he said. Gates added, "It's not a retirement, it's a reordering of my priorities."

The company's chief technical officer, Ray Ozzie, who will immediately assume the title of chief software architect and will begin working side by side wth Gates on all technical architecture and product oversite responsibilities. Craig Mundie, the current chief technical officer, will take the new role of chief research and strategy officer, also effective immediately.

"it's been my privilege to work shoulder to shoulder with a true visionary... who has now headed, in my opinion, one of the greatest philanthropies of all time," said Microsoft chief executive Steve Ballmer during the conferencel.

Gates co-founded Microsoft, which makes the ubiquitous Windows operating system, with Paul Allen in 1975, and took the company public in 1986. He remained CEO of the company until 2000, when Ballmer took the reins.

That year, Gates formed his charitable foundation, which now has $29.1 billion in assets. For their work with the foundation, Gates and his wife were chosen, along with rock singer Bono, as one of Time Magazine's Persons of the Year in 2005.

hypersensitiveZO6
06-15-2006, 06:23 PM
http://www.aaxnet.com/images/billg.jpg

http://www.rootology.com/images/new-funny-pics/bill-gates-gestapo.jpg

Halfcan
06-15-2006, 06:29 PM
29.1 Billion?? he could buy Mexico with that, and have some change left to buy Africa.

recxjake
06-15-2006, 06:30 PM
Stepping down is not the way to say it.... It's a two year transition so he can be in full control of of his foundation... he will still be the chairman

hypersensitiveZO6
06-15-2006, 06:34 PM
Stepping down is not the way to say it.... It's a two year transition so he can be in full control of of his foundation... he will still be the chairman

I had a wild idea he was going to layoff of Microsoft work and buy the Chiefs. :clap:

PS. All due respect to Lamar. :shrug:

Simplex3
06-15-2006, 06:38 PM
...and Windows Vista still won't be out.

hypersensitiveZO6
06-15-2006, 06:40 PM
...and Windows Vista still won't be out.

ROFL

ChiefaRoo
06-15-2006, 06:48 PM
29.1 Billion?? he could buy Mexico with that, and have some change left to buy Africa.

If I was him I'd just by Baja California a develop it. The rest of Mexico wouldn't be worth it.

QuikSsurfer
06-15-2006, 06:50 PM
http://www.macdesktops.net/data/514/18047flaming-apple1152x870-med.jpg

Guru
06-16-2006, 04:41 AM
...and Windows Vista still won't be out.
Because they will have renamed it by then, yet again.

Rausch
06-16-2006, 04:47 AM
"Have you witnessed the fall of a God? I have. And his usurper was his servant."

unknown

StcChief
06-16-2006, 06:48 AM
For any Geeks....nice read on How Bill G use to work with his techies....

- Read the whole story online:
"My First BillG Review"
http://www.joelonsoftware.com/items/2006/06/16.html