The clock has run out on one of the founding fathers of tech.
Microsoft announced Friday that Bill Gates is stepping down from its board of directors. Gates co-founded Microsoft in 1975 and served as the chairman of the board until 2014. He had previously stepped back from day-to-day operations in 2008.
Gates will reportedly be spending more time on his philanthropic efforts in global health and more. The Bill & Melinda Gates Foundation, which the couple founded in 2000 and now has an endowment of nearly $50 billion, is reportedly the largest private foundation in the world. Gates is also a founding member of the Giving Pledge, a campaign to get the world’s richest people to promise to donate the majority of their wealth. Read more…
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