Bill Gates to retire?

[Hivetyrant]

It would seem so...

REDMOND, Wash. - Microsoft Corp. Chairman Bill Gates announced Thursday that he will transition from day-to-day responsibilities at the company he co-founded to concentrate on the charitable work of the Bill & Melinda Gates Foundation. ADVERTISEMENT Gates will continue on as the company's chairman after transferring his duties over a two-year period. "This was a hard decision for me," said Gates, who founded the world's largest software company with childhood friend Paul Allen. "I'm very lucky to have two passions that I feel are so important and so challenging. As I prepare for this change, I firmly believe the road ahead for Microsoft is as bright as ever." Microsoft's Chief Technical Officer Ray Ozzie will immediately assume Gate's title as chief software architect and begin working side by side with Gates on overseeing all software technical design. Chief Technical Officer Craig Mundie will immediately take the new title of chief research and strategy officer and will work with Gates in those areas. Mundie also will partner with general counsel Brad Smith to guide Microsoft's intellectual property and technology policy efforts. The news was announced after financial markets closed. Earlier, shares in Microsoft rose 19 cents, or 0.87 percent, to close Thursday at $22.07 on the Nasdaq Stock Market. Shares gained 5 cents in after-hours trading.

[Timber Loftis]

Yeah, after we griefed Billy-boy into setting up a hu-frikking-mongous charity, he has now realized what so many of the uber-rich already knew: that 501.c.3 charity organizations are the REAL way to make money if you've got money.

GG Billy.

[Zebodog]

Originally posted by Timber Loftis: Yeah, after we griefed Billy-boy into setting up a hu-frikking-mongous charity, he has now realized what so many of the uber-rich already knew: that 501.c.3 charity organizations are the REAL way to make money if you've got money. GG Billy.

Revenge of the Nerds?

[wellard]

Originally posted by Timber Loftis: Yeah, after we griefed Billy-boy into setting up a hu-frikking-mongous charity, he has now realized what so many of the uber-rich already knew: that 501.c.3 charity organizations are the REAL way to make money if you've got money. GG Billy.

Wow Timber, I normally share your healthy cynicism but that seems a big hit. Anyone care to explain (briefly) what 501.c.3 charity organizations mean?