One of the greatest masters and founding fathers of tech decided to step down from Microsoft’s board of directors. The decision was announced Friday by Microsoft. Bill Gates served as the chairman of the board until 2014.
Ever since he co-founded the company, Bill Gates only stepped down once from his day-to-day operations and other duties in 2008. Mr. Gates announced that he will be focusing more on his philanthropic efforts in global heath and much more. The timing of this decision is somewhat curious, as the globe is currently in a crisis, but let’s hope that he is on the coronavirus case.
Together with his wife, Bill Gates founded the Bill & Melinda Gates Foundation in the year 2000, which is reportedly the largest private foundation in the whole world. It’s endowment is estimated to be around $50 billion. Gates is also a founding member of the Giving Pledge, a campaign that promises to get the world’s richest people to donate the majority of their wealth in order to help the world.
The current CEO of Microsoft, Satya Nadella, won’t be totally cut off from the former one, they will still keep in touch since Gates will serve as a Technology Advisor to Nadella and others.