Bill Gates easing out the door.
 

http://today.reuters.com/news/newsar...src=rss&rpc=23

Microsoft's Gates says to reduce role
Thu Jun 15, 2006 4:54pm ET

SEATTLE (Reuters) - Microsoft Corp. said on Thursday that chairman Bill Gates will stop taking a day-to-day role in the software giant he founded in order to do more work with his charitable foundation.

Gates said that by July 2008 he will work full-time for the Bill and Melinda Gates Foundation he started to promote health and education projects around the world.

"Obviously, this decision was a very hard one for me to make," Gates told a news conference. "The change we're seeing today is not a retirement, it's a reordering of my priorities."

Ray Ozzie, one of Microsoft's chief technical officers, will immediately replace Gates as chief software architect, while Craig Mundie, another chief technical officer, will take the new title of chief research and strategy officer, Gates said.

Microsoft's Windows operating system runs an estimated 90 percent of the world's personal computers.

Shares in Microsoft rose 0.9 percent to close at $22.07 on the Nasdaq. The stock was virtually unchanged in extended trading after the news was announced.

Re: Bill Gates easing out the door.
 

hmmm, i never thought he'd do that.

Re: Bill Gates easing out the door.
 

I saw that coming a mile away....Gates and his wife LOVE working with their charity, and it is pretty much the only thing that has given him press lately

Kudos to him and his wife though, they are doing amazing things with their money, I only hope the money keeps rolling so they can help everyone they want to

Re: Bill Gates easing out the door.
 

Good for him.

Love him or hate him, the guy has worked his ass off to get where he is. He's lived and breathed that company. At some point, for the sake of health and family you gotta throttle it back a little bit, enjoy life and do what you WANT to do.

Paul Allen did it right in my opinion. Once the challenge has been met and the fortune has been made, retire and have a really good time putting the money into things you find interesting.

Re: Bill Gates easing out the door.
 

Yeah... that's the thing.. on the one hand you want to hate him because he supposedly stole his way to the top of the industry but on the other hand yuo have to admire a man who has led a company to such dominance in market share.

Re: Bill Gates easing out the door.
 

I thought he would have done it along while ago