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Celerity

(43,399 posts) Sat Mar 14, 2020, 08:24 AM Mar 2020

Bill Gates is leaving Microsoft and Berkshire Hathaway's boards

https://edition.cnn.com/2020/03/13/business/bill-gates-microsoft-berkshire-boards/index.html

New York City (CNN Business)Bill Gates is stepping down from the boards of Microsoft and Berkshire Hathaway. In a press release Friday, Microsoft announced that its 64-year-old co-founder was leaving its board to "dedicate more time to his philanthropic priorities."

"It's been a tremendous honor and privilege to have worked with and learned from Bill over the years," Mirosoft CEO Satya Nadella said in a written statement. "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." Gates will continue serving as technology adviser to Nadella and other Microsoft leaders, the company said.

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With an estimated net worth of over $100 billion, Gates is the second richest person in the world after Amazon's Jeff Bezos, according to the Bloomberg Billionaire Index. He has worked on global health, industrial development and education initiatives through the Bill and Melinda Gates Foundation since transitioning out of day-to-day duties at Microsoft in 2008.

Gates's role as chair of Microsoft's board ended in 2014. He plans to do more work to tackle climate change, according to the company.

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