Microsoft co-founder Bill Gates has announced quit from the Microsoft Corporation board, which was co-founded by him in 1975 along with late Paul Allen. “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,” Gates said via LinkedIn on Friday.
“The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step,” Gates said. Gates owns 1.36 per cent of the shares in Microsoft, a company with a market capitalization of $1.21 trillion, and Forbes magazine estimates that he is worth $96.5 billion, second only to Amazon founder and CEO Jeff Bezos.
