Updated: Apr 3, 2020
Friday the 20th March 2020 official word came out of Microsoft that Bill Gates has decided to step down from the position board of Berkshire Hathaway.
“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,” Gates said on LinkedIn. “The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step.”
“With respect to Microsoft, stepping down from the board in no way means stepping away from the company,” Gates said. “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.”
Microsoft was founded by Gates along with Paul Alien (died in 2018) in 1975. Before Steve Ballmer took charge in 2000, Gates was the director of Microsoft. After Ballmer Satya Nadela took over in 2014, Gates was director of the Board then. During this time, Gates paid great emphasis to charity works. He started the Bill & Melinda Gates Foundation in 2008.
With 1.36% shares, Gates is one of the top shareholders of Microsoft, as per the FactSet. In the year 1986, Microsoft became public and is the highest valued company in the world with a market capitalization of $1.21 trillion.
“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years,” said Microsoft CEO Satya Nadella.
“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.”