I am not a Microsoft shareholder but I think shareholders should welcome the announcement that he will retire in 2008 from daily operations.
Microsoft stock is down 61% from its 1999 high and it has been dead money for years. If Gates has confidence in Ray Ozzie, he could become the next CEO. Whether he can break up and rejuvenate the rather moribund IT conglomerate which is Microsoft, I don't know.
But I do know that Gates's oversight of the company has not helped shareholders much in this millennium. The one concern shareholders should have is that Gates may accelerate the rate at which he sells his Microsoft shares as he phases out of the company.
Moreover, unless his sidekick Steve Ballmer gets a vote of confidence from the board, he too could be gone. And with two major shareholders seeking to diversify their holdings, smaller shareholders could suffer.
There is a tinge of sadness that comes with the knowledge that the world's richest man -- and a fairly popular punching bag within the industry -- won't be running the company he created.
But his recent record for stockholders has not been great. So the future for Microsoft shareholders could be superb if the right leader takes over.
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Reader Comments (Page 2 of 2)
6-16-2006 @ 1:10PM
Douglas Root said...
Bill Gates is a visionary, leader, technologist, and pragamist. He bought MS-DOS and had the foresight to be an opportunist - again and again. Why didn't IBM go to the tiny company that created the forerunner of MS-DOS? Because Gates was visible and he reacted. Gates' company never suffered the fate of many tech companies who have a not-invented-here syndrome. Gates bought software companies and licensed other's technology from the beginning and MS continues this today. He also attracted the best and brightest people because they believed in him. He created a burgeoning, world-wide software industry that the companies that came before him could have done but did not. IBM and the seven dwarfs, Wang, Xerox, HP, Tektronix, and a host of other companies with early PC-like devices and other tiny software start-up companies - none did what Gates did. Apple survives in the software and hardware business but their early decision to NOT license their operating system may have lead them to survive for MS would have surely killed them off long ago. What-ever happened to CPM? Lotus? VisiCorp? Borland? SSI/Wordperfect? The wake of Gate's competitive spirit and decisions to bundle software together to create Office, and many other smart decisions, make him a rare man - self made. He is now a true world citizen helping hundreds of millions through his generosity. Bill Gates, millions salute you, hundreds of millions in fact. Gates became the world's richest man by enriching others and helping others. So to all of Gates critics in the Valley who carp endlessly from the Unix-Linux-Sun-Apple-Google envy and resentment camp, know that you are whiners who may never earn the respect and admiration that Gates has. I do not own any MS stock, I don't work for MS nor for any supplier to MS. I don't know Gate's personally. I simply know a genuine great business leader when I see one. By all accounts he is also a good father, husband, son, and friend. Thanks Bill and best wishes.
6-16-2006 @ 1:49PM
Boris Freites said...
When I see the riches man in the world talking, I wonder if I will be as humble as he is. Bill Gates is not perfect. We have to give credit where credit is due.
Hi is a great man! Will you give as much if you had that much money?
6-16-2006 @ 1:53PM
Boris Freites said...
When I see the riches man in the world talking, I wonder if I will be as humble as he is. Bill Gates is not perfect. We have to give credit where credit is due.
Hi is a great man! Will you give as much if you had that much money?
6-16-2006 @ 10:29PM
Neil Axelrod said...
What is wrong with you people? Dave, the great philanthropist, says that Bill Gates can "rot in hell" because he contacted Microsoft, and the company (not Bill or even his foundation) wouldn't send him $1500 for his pet charity. How charitable of you Dave. "Rot in hell?" Are you serious?
Bill Gates, and Microsoft for that matter, give away more cash in a year than many companies record on their top line. Do they always give to who you'd like them to give? Of course not, Bill and his foundation have given BILLIONS to all sorts of worthy recipients.
Let me remind everyone that he made his money and could just as easily keep it all for himself and his family. Instead, he has promised to give most of it away, and yet still some idiots aren't happy.
File this under "no good deed goes unpunished".
6-17-2006 @ 1:47PM
Gerald Rosenberg said...
I have the greatest respect and admiration for Bill Gates. He created his wealth and the wealth for millions of others by enhancing rather than destroying like the many leveraged buyout artists in Wall Street. They created their welath by destroying jobs and lives. Gates and his wife have more than proved their worth by their charitable work. They have created millions of jobs and industries around the world.
He might be a touch business man and competitor but he supplied a reasonable price product that brough unlimited education and pleasure to the globe. I would hesitate to think what would be done if his postion was occupied by any of his competitors.
The only thing I question is impossiblity he makes in someone trying to contact his company with marekt ing ideas or thoughts. He got his start by being able to contact IBM. If their approach had been like his, where would we all be today. Congragulations Mr. Gates and and enjoy a long and healthful life for it is well deserved. Keep getting the pleasure of giving.
6-17-2006 @ 2:01PM
E. Simmons said...
Cudo's to you Mr. Gates. You have done very well and assisted many, many lives. I know it must be really hard to enter this transition period. I am doing a mini (very) version of that myself and just can not imagine what it will be like for you to eventually walk away. I send you strength, Light and inspiration as you spread your "value" to the rest of the world. You have been a major contributor to civilization as we now know it - how many people can really say that they have accomplished that?
Retire,(ha ha, I know people like you never retire) and enjoy your life and wife and all that you have and will continue to accomplish. You have been a very valuable person on this planet. Again, how many can really say that? Your critic's can complain when they have accomplished (equally) what you have done.
Please continue to be brilliant.
6-17-2006 @ 2:33PM
Charlie Barfield said...
Hey Bill, and Microsoft, Did you even look at all these comments. Stop being so full of yourself.
6-17-2006 @ 2:35PM
Charlie Barfield said...
I would like to see Bill Gates use the wealth of his charities and Microsoft do something that really mattered, to this presant world
and the world to come, instead of his own glory
Charlie
7-06-2006 @ 2:18PM
Jerald L. Little said...
Is there any way that I can buy a few shares of stock in Microsoft without going through a broker? Please let me know.
Jerald L. Little
100 Wilson Drive
Petal, MS 39465
601-583-6709