Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
SK Hynix Rejects Chinese Take-over Offer
New Huawei Mate 8 Smartphone Launched With Kirin 950 Inside
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Gates t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, June 16, 2006
Gates to Step Down

Bill Gates, the world's richest man, said he would give up the daily running of Microsoft by July, 2008 to concentrate on his foundation's work tackling health and education problems.

Gates "will transition out of a day-to-day role in the company to spend more time on his global health and education work at the Bill and Melinda Gates Foundation," Microsoft said in a statement.

The Microsoft co-founder wanted a two-year transition "to ensure that there is a smooth and orderly transfer of Gates' daily responsibilities." It added that Gates, 50, would continue as the company's chairman and an "advisor on key development projects" after July 2008.

"Obviously, this decision was a tough one for me to make," Gates said in a webcast. "I have one of the best jobs in the world. I love software and I love working with the creative, talented, passionate people at Microsoft."

"The change we announced today is not a retirement, it is a re-ordering of my priorities," Gates said as he spoke warmly of how Microsoft went from the drawing board to become an international computer software colossus.

"It's been amazing to see so much of that dream become a reality and touch so many lives."

Gates had already given up some responsibilities at Microsoft. He handed the chief executive's post to Steve Ballmer while retaining the title of chairman and "chief software architect."

Gates said he was applying the successful strategies from Microsoft to the foundation founded by him and his wife.

"With the success of Microsoft, I have also been given the gift of great wealth," said Gates, whose personal wealth was estimated at 50 billion dollars this year by Forbes magazine.

"I believe that with the gift of great wealth, comes great responsibility."

"A responsibility to give back to society. We have focused on global health and education; two issues that are at the crux of global needs."

The company announced that chief technical officer Ray Ozzie "will immediately assume the title of chief software architect and begin working side by side with Gates . . . to ensure a smooth transition."

Another chief technical officer, Craig Mundie, will take the new title of chief research and strategy officer.

"We have a great team of people and I believe we can make this transition without skipping a beat," Gates said.

The Gates foundation has a net worth of 29.1 billion dollars -- putting it on a par with the gross domestic product of Luxembourg and ahead of many of the African nations it helps.

It says it has given out 10.5 billion dollars since it was set up and last year made grants of 1.36 billion dollars.

Gates dropped out of Harvard University to set up Microsoft with childhood friend Paul Allen some 30 years ago.

The company grew from a garage start-up into a global giant whose software operates more than 90 percent of the world's personal computers.

"I don't know what it is going to feel like not to come into work every day and not work for ten hours," Gates quipped.

"I see myself always being the largest share holder of Microsoft. I'm proud of that. That is something I want to maintain."

Gates reminisced briefly about setting up the firm in Redmond, Washington.

"In the early days, I like to review every line of code and interview every applicant," Gates said. "I've had to lighten up in both those areas."

Ballmer promised to stick with principles instilled by Gates, such as nurturing innovation and research and providing "brilliant" people a supportive place to work.

"Bill may reduce his time here, but his imprint on the company will never diminish," said Ballmer said. "We will remain patient and relentless, and never give up on good ideas."

Microsoft's future would hinge on fostering breakthroughs in fields such as robotics, communications, and voice and image recognition, said Gates.

Netscape Reborn in Blog Era        All News        Lite-On IT to Produce 20x DVD Burner in 4Q
Netscape Reborn in Blog Era     General Computing News      Toshiba, Others to Cooperate on 45-nano Chips

Get RSS feed Easy Print E-Mail this Message

Related News
Black Friday Deals on Microsoft device
Microsoft Offers Movies, Music, Games, And Apps For just 10 Cents
Microsoft Starts Selling The New Lumia 950 Phones
Microsoft To Store Customers' Data in Germany
Microsoft To Offer Cloud Services From Data Centers Based in The UK
Microsoft Band Available Today
Microsoft Opens Flagship Store on New York City’s Fifth Avenue
Microsoft Buys Havok
Microsoft Works On A Laptop Battery System That Adapts To Your Habits To Last Longer
Microsoft Expands Licensing Agreements With Asus, I-O Data
Google, Microsoft Resolve Global Patent Fight
Microsoft Changes Its Financial Reporting Structure

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .