Friday, June 27, 2008
After 33 years of managing software giant Microsoft, founder Bill Gates will retire from day-to-day management today.
Gates will retain the title of Chairman but without executive functions and will only report for work once a week.
The man who took a gut feeling of seeing personal computers in every household, each requiring a stable operating system will now pursue philanthropic activities under the Bill and Melinda Gates Foundation.
Microsoft did not announce any major event to mark the day when its founder steps down but internal private activities were scheduled to take place at the company’s headquarters at Redmond, Washington.
In the year 2000, the functions of being Chief Executive of Microsoft was turned over to long-time partner Steve Ballmer.
As Gates leaves day-to-day operations, two people will assume his two vital duties. Craig Mundie will handle the company’s long-term planning while Ray Ozzie will handle the operations.
Gates will focus more on helping out in causes he chooses through his foundation that is endowed with $38.7 billion and will soon gain more funds with his personal wealth and an endowment from billionaire Warren Buffet.
Bill Gates founded Microsoft in 1975 which has since dominated the market for operating systems in personal computers. Gates managed close to 78,000 employees in 103 countries all over the world.
In recent months, Microsoft’s dominance has been threatened by Google which dominates the on-line industry and has business models that will soon eat up into Microsoft’s core software businesses.