Investing News Blog

Friday, June 16, 2006

Bill Gates Stepping Down from Microsoft

The richest man in the world announced this week that he will giving up his daily responsibilities at Microsoft in two years time. After thirty years at the giant software company Bill Gates will be stepping down to work full time at the Bill and Melinda Gates Foundation.
Gates' decision may be right for company
"A day after the Microsoft founder announced plans for a two-year transition from his day-to-day duties, the company's shares closed up 3 cents, at $22.10. It wasn't a ringing Wall Street endorsement, by any means, but it also wasn't the negative reaction that might have accompanied a departure plan from someone who so deeply personifies the company.
"I think Bill is doing a good thing for the company," said Mark Anderson, the Friday Harbor-based publisher of the Strategic News Service technology and communications newsletter." SeattlePi

# Bill Gates News, Major Companies, Stock Market News