Gates turns over reins of his empire.
Published:
28 January 2000 y., Friday
In a surprise announcement, Bill Gates said Thursday that he will step down as Microsoft chief executive and hand over the reins to longtime friend and company president Steve Ballmer. Gates, 44, said he will remain as chairman and fill a new post created for himself: chief software architect. He also said in a statement that Ballmer will become a member of the Microsoft board of directors Jan. 27.
Although Gates_ decision to hand the CEO duties to Ballmer had long been anticipated, the timing of the announcement was not expected. Gates waited until after the completion of Windows 2000, which will ship next month, before making the change. The changing of the guard is taking place at a tumultuous time for Microsoft. Just Wednesday, news leaked that the Department of Justice is proposing a breakup of Microsoft to help resolve the antitrust case pending against the company. Those who know Gates say it would be a mistake to assume that he is abandoning the company he founded in its time of need, believing that he will continue working behind the scenes to thwart his antagonists. At the very least, however, the end of his tenure as chief executive is of much symbolic value to those who have witnessed the astounding ascent of Microsoft and technology in general.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
The Self-Service and Kiosk Association has published its 2009 Self-Service Consumer Survey, a comprehensive report that reveals what consumers like and dislike about self-service technology — and what they want more of.
more »
Private investors should hold up to 15 percent of their wealth in physical gold, according to a German asset-management company that plans to set up 500 "Gold-To-Go" ATMs in Germany, Switzerland and Austria sometime this year.
more »
ATM and debit card theft is expected to grow 10 percent to 14 percent this year, according to a survey of financial institutions that was released today.
more »
Built from potatoes, steered with carrots and powered by chocolate.
more »
Students at a Tokyo elementary school are waiting quietly for a "special lecturer" in science class. But when they see "Saya", a robot relief teacher, the kids are pleasantly surprised.
more »
This week - the New York Times announced a deal with e-commerce giant Amazon timed to the release of its latest Kindle e-book device.
more »
Wincor Nixdorf AG and NICE Banking, an independent ATM deployer in South Korea, have partnered to grow a network of ATMs at sites owned by the country's top communications provider, Korea Telecom.
more »
“The telecoms package has never been about anything to do with restrictions on the internet,” Malcolm Harbour told us ahead of Parliament's debate Tuesday on the telecoms package, which aims to reform the existing European electronic communications framework.
more »
On 20 April 2009 the Prague Congress Centre will host a ministerial conference Safer Internet for Children, which is organised by the Ministry of the Interior in cooperation with the European Commission.
more »
Payment card breaches in 2008 led to the most compromises and security breaches of record in the last four years, according to a new report from Verizon Business.
more »