Bill Gates Resigns from Microsoft & Berkshire Hathaway Boards: End of an Era

TL;DR: From his LinkedIn, Bill Gates announced, “I have made the decision to step down from both of the public boards on which I serve – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change.”

Bill Gates Resigns from Microsoft & Berkshire Hathaway

Gates, who will turn 65 this year, help to found Microsoft in the mid-1970s. The software company grew to spawn the personal computing revolution, ushering-in what is now regarded as the Digital Age. Just before the turn of the century, he’d grown Microsoft into a Dow Jones Industrial Average component, where it has remained for two decades as a leading industry indicator for the broader market.

He’s also known as among the world’s richest persons. His net worth hovers above $110 billion as of publication. “With respect to Microsoft,” Gates wrote in his notice of March 13, 2020, “stepping down from the board in no way means stepping away from the company. Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”

In 2004, Gates joined the board of legendary finance firm Berkshire Hathaway, cementing his longterm friendship with Warren Buffett who is known as a notoriously tech-phobic investor. “The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step,” Gates assured. “Serving on the Berkshire board has been one of the greatest honors of my career. Warren and I were the best of friends long before I joined and will be long after. I look forward to our continued partnership as co-trustees of the Bill & Melinda Gates Foundation and co-founders of The Giving Pledge.”

As for cryptocurrencies, Gates has vacillated somewhat on specifics, at times lauding the concept of Bitcoin, but then insisting he sold what was given to him as a birthday present and that he would short it if he ever owned it at other intervals. He’s routinely taken the line of crypto skeptic Buffett, as both men consider the likes of BTC to be a real-life so-called Greater Fool theory example in practice.

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