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Bill Gates Retiring from Microsoft

Transitioning over next 2 years

     
8:46 pm on Jun 15, 2006 (gmt 0)

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Microsoft Corp. said its founder and longtime leader Bill Gates will step down from his day-to-day duties at the software giant in July 2008 to focus full-time on his nonprofit foundation.

[prnewswire.com...]

[online.wsj.com...]
(paid sub)

8:54 pm on Jun 15, 2006 (gmt 0)

WebmasterWorld Administrator webwork is a WebmasterWorld Top Contributor of All Time 10+ Year Member



So, by Microsoft product release timeline standards that likely means his retirement will take upwards of 5 years, doesn't it?

All kidding aside, of all the things that one might do with their wealth and retirement, I've got to give him credit for what he's planning to do in retirement and how he's spending my money . . I mean his accumulated wealth.

8:59 pm on Jun 15, 2006 (gmt 0)



He'll certainly still remain on the board of directors. I can't imagine he'll give up his influence... especially considering the amount of stock he owns.
9:09 pm on Jun 15, 2006 (gmt 0)

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This is our official press release on the topic:

[microsoft.com...]

10:39 pm on Jun 15, 2006 (gmt 0)

WebmasterWorld Administrator mack is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



I can't think of many people who have been able to make such a difference doing somethign they so obviously enjoy.

Mack.

10:57 pm on Jun 15, 2006 (gmt 0)



Well, I guess the time is right.

The antitrust issue is settled.

IBM is out of the PC business.

Apple is surviving via iPod.

McNealy from Sun is gone.

Oracle is pretty much beaten up.

There is no serious contender for MS office.

What else? ...

11:36 pm on Jun 15, 2006 (gmt 0)

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Irrespective of his past business practices, i think Bill Gates is one of the greatest philanthropist of all times and its unfortunate not that many people appreciate this fact!.

BTB, MSFT stock is already at a low point and I think reacting to this news it would take some further beating in the coming days... Considering MicroSoft's biggest revenue stream (OS & Office) is not going away anytime soon and with IE 7 its search market share is only going to go up, this is a perfect buying oppurtunity.

11:41 pm on Jun 15, 2006 (gmt 0)

WebmasterWorld Administrator lifeinasia is a WebmasterWorld Top Contributor of All Time 5+ Year Member Top Contributors Of The Month



What else? ...

MSN Search. ;)
12:23 am on Jun 16, 2006 (gmt 0)



Kudos to Bill. Love him or hate him, he made history. Let's hope he has the same success with his philanthropic ventures now.
12:28 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member jimbeetle is a WebmasterWorld Top Contributor of All Time 10+ Year Member



give him credit for what he's planning to do in retirement and how he's spending my money

Yep, that's a model of how a foundation should be run -- target a problem, spend money, produce results. Gates putting more of his attention into it in retirement is, and I hate to use hyperbole, really good for a lot of people over the world.

12:54 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



I want to add my congratulations and my admiration for the work Bill Gates is doing in the third world.
He is already making a huge difference in places I am familiar with.
This man is a doer not a talker.
1:36 am on Jun 16, 2006 (gmt 0)

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Hi, it looks like an April fool in my first glance. :D
2:26 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member billys is a WebmasterWorld Top Contributor of All Time 10+ Year Member



No matter how busy I get, an interview with Bill Gates will stop me dead in my tracks every time. Talk about a person with vision.

We are seeing entertainment, information and automation converging and it's all going to happen via the Internet and personal computers. Bill saw this coming and moved his company in the right direction.

Finally, his genius shines through when you think about his philanthropy - he really understands what life is all about. He truly is a man to be admired.

2:48 am on Jun 16, 2006 (gmt 0)

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Hopefully, a preemptive strike against google.org
2:59 am on Jun 16, 2006 (gmt 0)

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An true entrpreneur (such as Bill Gates) knows when to get out of the way on things where others are better. Software architecture has changed over the years, especially as security has become a bigger concern.

I honestly believe that this decision was based on that principle and that Bill is replacing himself with someone whom he firmy believes can do a better job at the architecture side of things. This is one of the most noble decisions anyone in his position could possibly make and it highlights that Bill is completely devoted to the long term integrity of the Microsoft company. There are rumors of Steve being replaced as CEO too, and much like this decision, that one would probably be the correct one if they find a better candidate. In fact, I think they might go through a spring cleaning phase, much like the White House just did, because that's what is required to survive in this market, and Bill knows that!

Many have called him by many a bad name, but there are very few others out there that are as intelligent, charitable & devoted as Bill.

4:35 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Administrator ewhisper is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Wow - I'm impressed (and quite pleased) at the this thread - didn't expect quite so many positive replies.

Gates retiring is huge news. It will be interesting to see the how the leadership is transitioned and if the vision changes in any way.

No matter how you feel about Microsoft, Gates did something special with the company.

And he still has his own vision for the future.

Have to respect that.

4:41 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



I think Bill should have stayed CEO, he had a good thing going with Ballmer as #2. Bill is a better figurehead (more stable), and ballmer is a great troop leader. They had a great thing going.

But, I guess either politics or Bill just wanted to give his best man chance to run the show by himself since obviously Ballmer was so key to the success of microsoft.

Bill probably realises that his current role makes no sense. Probably just confuses people who they're supposed to be following.

4:52 am on Jun 16, 2006 (gmt 0)



My hat is off. Hate his company or love it, his charity is unmatched. Maybe this will give his pal Warren a kickstart?
5:53 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member essex_boy is a WebmasterWorld Top Contributor of All Time 10+ Year Member



an interview with Bill Gates will stop me dead in my tracks every time. - same here.

Surprisingly open and candid in the interviews ive seen.

Hate Micro$oft but cant knock Bill.

6:21 am on Jun 16, 2006 (gmt 0)



So the brain of MSN is going to sleep?
8:40 am on Jun 16, 2006 (gmt 0)

5+ Year Member



I honestly think that Bill Gates is one of the most successful entrepeneurs of the 20th century. Sure, he's had some lucky breaks, but he's moulded Microsoft into arguably the most powerful software company in the world.

Besides all this, I think his greatest achievement has been to avoid letting the money corrupt him and/or turn him into a nasty 'money is everything' kind of guy (unlike that guy from The Apprentice). The fact that he's spending his retirement trying to make life better for others is a great testament to a great man.

9:02 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member vincevincevince is a WebmasterWorld Top Contributor of All Time 10+ Year Member



It's right that he is retiring, and I hope that Microsoft will take this a cue to change past business practices, becoming a much more friendly and cooperative player in the IT industry. Such things in countries take regime change, and the same can be true of companies.

I also have little time for his charitable works. Don't forget that whatever he does with his millions:

i/ He is telling the world about it very publically (Take heed that ye do not your alms before men etc., the right hand does not know what the left has given. etc.).

ii/ He earnt those millions by overcharging. There's no two ways about it. Stacking up such riches, far in excess of his needs, demonstrates that he has been making money just 'because he can'. He has no need of the money, not even remotely.

iii/ His charitable giving is politically tainted and stage managed. Take a look at the list of eligible areas for grants and take note of the fact that so much of it is US only.

<edit - addition>
License purchasers the world over have paid for his millions and yet it is not targetted at people the world over.
</edit>

[edited by: vincevincevince at 9:07 am (utc) on June 16, 2006]

9:04 am on Jun 16, 2006 (gmt 0)

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Whatever anyone thinks of M$ as a company, Bill Gates in an incredible guy. Doubt I'd be sitting here doing this if it wasnt for him!
9:53 am on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



First reaction April fool, on reading and grasping thing, its wise decision in favor of Microsoft by Bill. Yes he had made the history. Kudos to him.
10:23 am on Jun 16, 2006 (gmt 0)

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>First reaction April fool
But its the middle of June :)
1:51 pm on Jun 16, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Little reaction on the Stock Market:[finance.yahoo.com ]

What a shame he doesn't spend his money on something more exciting - like a mission to the Fountains of Enceladus.

2:23 pm on Jun 16, 2006 (gmt 0)

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what else...

Netscape

3:21 pm on Jun 16, 2006 (gmt 0)

10+ Year Member



So much talk about money and so little about the remarkable changes in computing that Bill Gates and his buddies brought about. It's not that they invented something brand new, that had never existed before, but rather that they took existing tools and concepts and made them work for a much wider group of people. More importantly, they were successful at marketing those tools to a mass audience.

Microsoft didn't invent the Graphical User Interface (GUI) that had been already copied by Apple from things they saw at Xerox. Microsoft did manage to achieve much wider use of GUIs than Xerox or Apple ever could.

Programs were almost completely unable to talk to each other before Windows was invented and popularized by Microsoft. It started with a simple copy/cut paste model that was implemented through the use of a concept called a clipboard. Before that it often took fancy data conversion programs to get information output by one program to be able to be used as input to another program. Inter-program communication did exist before then, but it was limited to the world of the techies, through mechanisms like Unix pipes.

Windows made computers into a tool a typical office-person could use for doing day-to-day administration without the help of a programmer and custom software. That was what the COBOL language was supposed to do, but failed at.

5:49 pm on Jun 16, 2006 (gmt 0)

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iii/ His charitable giving is politically tainted and stage managed. Take a look at the list of eligible areas for grants and take note of the fact that so much of it is US only.

According to their financials from last year, they gave over $800 Million dollars towards global health issues. More than half of all their contributions to every other sector combined.

[gatesfoundation.org...]

Grants Paid:
[gatesfoundation.org...]

As for overcharging, possibly, but I wonder what monetary figure we would arrive at if we took all the money and revenue generated from every single business the world over that uses Microsoft's software to run their business more efficiently?

Surely we would be talking trillions of dollars.

Is it really too much if paying tens or hundreds of thousands of dollars to setup your enterprise lead to your company making millions?

6:21 pm on Jun 16, 2006 (gmt 0)

10+ Year Member



Sorry VinceVinceVince, i think what you said is complete rubbish, overcharging? THis is what is overcharging.

"Oil: Exxon Chairman's $400 Million Parachute. ... Exxon. Lee Raymond's retirement package -- worth nearly $400 million -- is one of the largest in history"

If you want to say stuff about anyone, that is someone who you should bad mouth for overcharging, i dont see any billionaire in the whole world who is even as close as charitable.

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