End of an era as Bill Gates leaves microsoft and Announces Retirement plans

Bill Gates will retire from his day job as chief software architect of Microsoft

Gates said he is leaving gradually in order to smooth the transition of his duties to the two men who will assume them–chief technical officers Ray Ozzie and Craig Mundie, who have been named chief software architect and chief research and strategy officer, respectively, effective immediately.

analysts say Bill Gates will be remembered as one of history’s great businessmen.

LOOKING BACK MOVING AHEAD.. Take a look at some interesting old memories. SOURCE

The 52-year-old will continue to be chairman though, but will only retain a nominal role in the software empire. He is still is the biggest shareholder of the company and his 8.7 per cent stake in Microsoft is worth about 23 billion dollars.

Gates emphasized that he has no plans to ever give up his position as chairman of Microsoft’s board of directors. “I don’t see a time in the future when I won’t be chairman of this company,” he said. “I see myself as always being the largest shareholder in Microsoft. Steve is the second largest, and I think we both take a lot of pride in that.”

Even as he announced his retirement plans, Gates sounded as enthusiastic about Microsoft’s future as he has since he became an international icon for the age of personal computing. “The shape of computing and how software will change entertainment and business–we really are just at the beginning of that,” he said.

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