Microsoft Announces Bill Gates's Retirement
June 15, 2006 5:14 PM
comment(s) - last by
The road ahead
Microsoft today announced a bit of news that will come as a big shocker to many -- the
scheduled retirement of its founder, Bill Gates
. Set for July 2008, Bill Gates will start his transition out of the company commencing now, with the help of Microsoft's chief technology officer Ray Ozzie.
Bill Gates and friend Paul Allen started Microsoft back in 1975, and since then, Gates has been pretty much at the helm of the company. Although Gates stepped down as CEO several years ago to focus more on development, he very much remains involved in the day-to-day business at Microsoft with the help of Steve Ballmer. According to Microsoft, Gates retirement is stretched out for two years in order to help create a seamless and smooth transition for Ozzie and the rest of the company.
Effective July 2008 Bill Gates, chairman, 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 & Melinda Gates Foundation. The company announced a two-year transition process to ensure that there is a smooth and orderly transfer of Gates’ daily responsibilities, and said that after July 2008 Gates would continue to serve as the company’s chairman and an advisor on key development projects.
Although Gates will remain Microsoft's chairman, he will no longer be giving his attention to Microsoft's development and affairs in the same manner that he has been doing. One of his largest roles in recent years has been the involvement with Windows Vista, set for release in 2007. When the Vista project began, Microsoft announced publicly that it would be the largest project in the history of the company. Since then, Gates has been involved on the technical aspects of Vista's development.
Outside of Microsoft, Gates and his wife Melinda are founders of the Bill and Melinda Gates Foundation, an organization that endows funding, grants and donations to schools, health organizations and charities around the world. The foundation is the largest of its kind, and has given away nearly $30 billion to help fight such diseases as cancer and AIDS. Gates said that he wishes to spend more time with the foundation and focus more on education work and health issues.
"This was a hard decision for me, I'm very lucky to have two passions that I feel are so important and so challenging. As I prepare for this change, I firmly believe the road ahead for Microsoft is as bright as ever," Gates said. Microsoft said that Ozzie will continue to report to Gates and at some point will transition over to reporting to Ballmer. "Bill and I are confident we've got a great team that can step up to fill his shoes and drive Microsoft innovation forward without missing a beat," said Ballmer.
While the industry has been speculating about Gates's retirement for years, it has become official today. Gates remains one of, if not the most, highly respected businessmen in the industry and is still the world's richest person.
This article is over a month old, voting and posting comments is disabled
6/15/2006 10:20:49 PM
He is stepping down from his position into another position at the same company, and will be devoting more time to a different company. Hardly the definition of retirement.
Well, Gates is currently involved with Microsoft very heavily on a day to day basis. He will be retiring from that position, but will remain the chairman--that's usually not a full-time position that requires day to day involvement with the company. So, yes, it is pretty fair to call it retirement.
6/15/2006 11:10:32 PM
Usually board members in major corporations like Microsoft meet once or twice a month to discuss company details. They usually are not even EMPLOYEES of the company, but rather major share holders. The chairman is usually reserved for the majority shareholder, unless they of course decline the position.
6/15/2006 11:15:59 PM
May be so but retirement could be considered a complete step down. Any how, he is retiring from his technical job at Microsoft.
"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer
Report: AT&T Eyeing $40B DirecTV Purchase
May 1, 2014, 8:00 AM
WebOS Class Action Settlement Costs HP $57 Million
April 1, 2014, 10:22 AM
IBM Workers Strike Over Terms of Deal That Will Have Them Working for Lenovo
March 6, 2014, 9:29 AM
Google Picking Up Artificial Intelligence Company "DeepMind" for $400 Million
January 27, 2014, 9:25 AM
Quick Note: Qualcomm Grabs up Palm, IPAQ, and Bitfone Patent Portfolio from HP
January 24, 2014, 9:18 AM
Verizon Buys Intel Media OnCue Cloud TV assets
January 21, 2014, 10:26 AM
Most Popular Articles
1 Million Credit Card Activated on Apple Pay Within 72 Hours, Walmart CEO Hopes Visa "Suffers"
October 28, 2014, 8:17 AM
Amid Theater Boycott Netflix Defiantly Plans New Movies, Plus 3 TV Shows for 2015
October 24, 2014, 7:30 PM
CVS, Rite Aid Kill Unofficial Apple Pay Support, Burn Google Wallet Users in the Process
October 25, 2014, 5:26 PM
Microsoft's Figures Show Desktop Users Flocking to Windows 10 Preview
October 27, 2014, 11:04 AM
Fitbit's $249 Surge Fitness Watch Packs 7-Day Battery Life, Two Other Models Also Air
October 27, 2014, 4:20 PM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information