Bill Gates resigned from Microsoft and will move to Philanthropy
The second largest billionaire on earth, co-founder of Microsoft, Bill Gates is going to leave Microsoft. He officially announced this on last Friday, 13th March. Gates found Microsoft in 1975 with Paul Allen who passed away in 2018. Until 2000, Gates took the role of CEO in the company then got retired. However, until 2020 he served the company being one of the board directors. In 2008, he began to dedicate his time more than on Bill and Melinda Gates Foundation. Bill also resigned from the position which held at the board of Berkshire Hathaway. Microsoft is running with a market capital of $1.21 trillion as one of the top most companies in the world.
“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. The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step” expressed by Bill Gates on his retirement. Further he said,” With respect to Microsoft, stepping down from the board in no way means stepping away from the company. 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.”
The decision was made as Gates is willing to move towards philanthropy throughout rest of his life. So, in the future we can see him as a good social donator who will serve on the social needs. However, Gates will still serve as a advisor to current CEO Satya Nadella, the role which has began in 2014 on the request of Satya.
“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years. 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.” Nadella put his comment about Gates.