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Co-Founder, Bill Gates Leaves Microsoft Board. The co-founder of Technology Behemoth, Microsoft, Bill Gates is leaving the company’s board of directors, the company announced on Friday.
The company announced that his leaving the company takes immediate effect.
The decision to a positively severe operational relationship with Microsoft comes after a 45-year stint at the helm of affairs of the large organization.
FactSet asserts that Bill Gates currently owns a 1.36% share of Microsoft, thereby making him one of the top shareholders of the company.
Bill Gates along with Paul Allen founded Microsoft in 1975. Paul Allen has since died in 2008.
In His Own Words
Bill Gate, in his own words, said that:
“With respect to Microsoft, stepping down from the board in no way means stepping away from the company,”
Gates also said.
“Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals.”
“I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”
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Stepping Down from Other Boards
It should be noted that Bill Gate is also stepping down from the board of Berkshire Hathaway, his fellow Billionaire-Friend, Warren Buffet’s company.
In his own word, Bill Gate on LinkedIn said that:
“I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change.”
-Bill Gate
“The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.”
Abridged Professional Profile
Bill Gates is a Technological Disruptor who co-founded Microsoft in 1975.
Bill Gate stayed on as a director of the board of Microsoft until 2014 before devoting more of his time to his philanthropy endeavours- Bill & Melinda Gates Foundation.
He successfully guided the company to public enlistment on the New York Stock Exchange in 1986 and the company now has a market capitalization of $1.21trillion.
Satya Nadella, the current CEO of Microsoft said that: “It’s been a tremendous honour and privilege to have worked with and learned from Bill over the years,” said Microsoft CEO Satya Nadella.
He further said that: “Bill founded our company with a belief in the democratizing force of software and a passion to solve society’s most pressing challenges. And Microsoft and the world are better for it.”
“The board has benefited from Bill’s leadership and vision. And Microsoft will continue to benefit from Bill’s ongoing technical passion and advice to drive our products and services forward.”
“I am grateful for Bill’s friendship and look forward to continuing to work alongside him to realize our mission to empower every person and every organization on the planet to achieve more.”
