Bill Gates: Out With The Software, In With The Philanthrophy

Posted Jun 27, 2008

[image credit: Economist]

â??We’ve really achieved the ideal of what I wanted Microsoft to become.â?
-Bill Gates (June 2008)

Tomorrow is Bill Gates’ last day as a full-time employee at Microsoft Corporation (NASDAQ:MSFT).  That same night, there will be a “roasting” of the Microsoft Chairman.  The Microsoft Chairman will be working full-time at the Bill & Melinda Gates Foundation, established in 2000 by Bill and his wife.

In June 2006, Warren Buffet pledged about 10 million shares of Berkshire Hathaway Inc. (NYSE:BRK.B) every year over several years.  The investment will go towards reducing poverty and improving education in areas where it is needed the most.

Gates leaves at a time where Vista has been struggling to impress individuals and corporations alike, Google is dominating search marketshare, the Zune hardly took away marketshare from Apple, and there has been an increase in demand for Macs.  Gates is also leaving shortly after Yahoo! turned down an acquisition from them and decided to depend on Google Inc. (NASDAQ:GOOG) for an advertising outsourcing deal.

As Gates parts ways from the company, the company will lay in the hands of Steve Ballmer, Craig Mundie, and Ray Ozzie.  Ozzie will be software architect, Ballmer will remain CEO, and Mundie will be responsible as chief research and strategy officer.  Gates will ensure that the three stooges don’t mess anything up as he will remain the company’s biggest shareholder and Chairman.

Microsoft first started when Bill Gates contacted Micro Instrumentation and Telemetry Systems and became their supplier of Altair BASIC.  Then Microsoft partnered with IBM to give them DOS and receive a commission for every IBM computer sold with it.  The “partnerships” that Microsoft made with companies is the reason why Bill Gates is the third richest man today and why Windows continues to dominate 90% of the operating system marketshare.

Bill Gates shook the world as he became the youngest self-made billionaire, revolutionized the PC, and is respectfully leaving it all in the name of the philanthrophy.  And that is still something to aspire towards for today’s younger generations.

Update: Listen to Bill Gate’s farewell speech at Seattle PI.