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The King Is Dead... Long Live The King!


Teddy Rogers

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Teddy Rogers

Well... Not quite dead yet but getting there over two years...

Yesterday, after the stock market had closed, Bill Gates, Microsoft's co-founder and president announced that he will step down from his position at Microsoft to focus on his philanthropic work at Bill and Melinda Gates Foundation. His role in the software company will slowly diminish for the next couple of years as he will gradually relinquish his responsibilities. Gates has renounced his title of Chief Software Architect as of last night in favor of colleague Ray Ozzie, the now former Chief Technical Officer. And from a similar position, Craig Mundie will immediately take the new title of Chief Research and Strategy Officer. The two will respond directly to Steve Ballmer, Microsoft's CEO, after Gates will completely step down.

The move Bill Gates makes focusing on his foundation with $29 billions in assets marks a transition undertaken by the whole Redmond Company which is slow moving if not stagnant and overtaken in groundbraking steps by Google, its main competitor.

“Our business and technical leadership has never been stronger, and Microsoft is well-positioned for success in the years ahead. I feel very fortunate to have such great technical leaders like Ray and Craig at the company,” Gates said. “I remain fully committed and full time at Microsoft through June 2008 and will be working side by side with Ray and Craig to ensure that a smooth transition occurs. This was a hard decision for me,” Gates added. “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.”

Microsoft's stock had closed at $22.07, up 19 cents or 0.87 percent for the day and dropped only 12 cents in after-hours transactions. It is possible that the announcement of Bill Gates' further collaboration with Microsoft, as chairman and advisor, has spared the company's stock of a drastic plunge.

Ted.

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No matter what you think of Microsoft and how they do business - the Gates Foundation is absolutely incredible!

I know of no other individual that puts their own money into things so charitable..

The amounts of money given away are nothing short of spectacular.

A snippett:

The foundation supports grantees in all 50 states and the District of Columbia. Internationally, we support work in more than 100 countries. In 2005, about 70 percent of our grants went toward global efforts; the rest was dedicated to improving lives in the United States.

Illustrative Grant Commitments

United Negro College Fund, Gates Millennium Scholars Program - $1 billion

The GAVI Alliance - $1.5 billion

Malaria Vaccine Initiative - $258 million

Save the Children, Saving Newborn Lives - $110 million

United Way of King County, Seattle, WA, - $55 million

Knowledgeworks Foundation - $20 million

National Council of Culture & Arts, Mexico Library Project - $11.7 million

Public Access Computing Hardware Upgrade Program, Multiple library systems - $5.3 million

* As of June 2006

Amazing work Mr and Mrs Gates!! :wub:

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Guest Hawk7
The foundation supports grantees in all 50 states and the District of Columbia. Internationally, we support work in more than 100 countries. In 2005, about 70 percent of our grants went toward global efforts; the rest was dedicated to improving lives in the United States.

Illustrative Grant Commitments

United Negro College Fund, Gates Millennium Scholars Program - $1 billion

The GAVI Alliance - $1.5 billion

Malaria Vaccine Initiative - $258 million

Save the Children, Saving Newborn Lives - $110 million

United Way of King County, Seattle, WA, - $55 million

Knowledgeworks Foundation - $20 million

National Council of Culture & Arts, Mexico Library Project - $11.7 million

Public Access Computing Hardware Upgrade Program, Multiple library systems - $5.3 million

* As of June 2006

Hello Bax, :)

Thats awesome...They too know the beauty of sharing.

Later bro

Edited by Hawk7
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Guest G0TCHA

Huh.

With or without Bill, M$ will always have pockets to fill.

With or without Bill, M$ is gonna stay ill.

With or without Gates, we'll always crack locked gates.

Huh.

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No matter what you think of Microsoft and how they do business - the Gates Foundation is absolutely incredible!

I know of no other individual that puts their own money into things so charitable..

The amounts of money given away are nothing short of spectacular.

A snippett:

The foundation supports grantees in all 50 states and the District of Columbia. Internationally, we support work in more than 100 countries. In 2005, about 70 percent of our grants went toward global efforts; the rest was dedicated to improving lives in the United States.

Illustrative Grant Commitments

United Negro College Fund, Gates Millennium Scholars Program - $1 billion

The GAVI Alliance - $1.5 billion

Malaria Vaccine Initiative - $258 million

Save the Children, Saving Newborn Lives - $110 million

United Way of King County, Seattle, WA, - $55 million

Knowledgeworks Foundation - $20 million

National Council of Culture & Arts, Mexico Library Project - $11.7 million

Public Access Computing Hardware Upgrade Program, Multiple library systems - $5.3 million

* As of June 2006

Amazing work Mr and Mrs Gates!! :wub:

Yup, was going to say the same thing. I don't mind MS to begin with, so his foundation is just fantastic in my eyes.

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Guest G0TCHA

Bink has posted an email that Bill Gates sent out to all Microsoft employees and Subsidiaries.

From: MSBILLG

Sent: Thursday, June 15, 2006 1:41 PM

To: Microsoft and Subsidiaries: All FTE

Subject: My Transition Plans

I wanted to take a moment to share some of my thoughts, as well.

As Steve's mail indicates, I've decided that two years from now, in July 2008, I want to devote more time to the work of the Bill & Melinda Gates Foundation.

Right now and for the next two years, my full-time job is here at Microsoft, and my part-time job remains the Foundation. Beginning in July 2008, I will switch that, to be full-time at the Foundation, while remaining involved with Microsoft as Chairman and an advisor on key development projects on a part-time basis.

To prepare for this change, we have a well-thought-out transition process. Again, I will continue at Microsoft full-time for the next two years, but over the course of those two years, my day-to-day responsibilities will shift to a team of incredible technical leaders who are already doing amazing things at the company.

I feel very lucky that we've got extraordinary technical leaders at the company, like Ray Ozzie and Craig Mundie, who can step up to assume the roles that I've played. I've known Ray for the last 20 years, and he has created some of the most important developments in the industry. Craig and I have worked together for nearly 14 years, and he's been a technical visionary and a leader on policy throughout his career. With Ray and Craig stepping up, I feel very confident that the technical stewardship of Microsoft is in very capable hands.

--------------------

:(:(:(

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