In LinkedIn note, Bill Gates invokes old & lasting friendship with Warren Buffett; being a mentor to Nadella

The 64-yr-old tech titan on Saturday stepped down from the boards of MS, Berkshire Hathaway.

Reuters
Signing off on a note of introspection, the world’s most high-profile, self-made billionaire wrote that he is now ‘looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me’.
On Friday night Bill Gates announced his decision to step down from the board of Microsoft Technologies that he had founded in April of 1975. The exit of the 64-year-old tech titan, who quit his full-time executive role at Microsoft in 2008, now leaves the company’s board with 12 members.

Gates says that his decision to step down will help him channel his energies towards philanthropy that remains close to the billionaire’s heart. In a post on LinkedIn which is titled “Focusing My Time”, he mentions that he wants to “dedicate more time to philanthropic priorities including global health and development, education, and his increased engagement in tackling climate change.”

And it’s not just the board of Microsoft that he has bid adieu to. The business tycoon has called it a day at Berkshire Hathaway where he was on the board as well. In his post, Gates cites his camaraderie with Berkshire founder, Warren Buffett, and says that the duo were the ‘best of friends’ long before he joined the board. He also writes that they will continue to be friends and that he looks ‘forward to the continued partnership as co-trustees of the Bill & Melinda Gates Foundation and co-founders of The Giving Pledge’.


​Screenshot: LinkedIn/Bill Gates
Screenshot: LinkedIn/Bill Gates

While Gates remains optimistic about the ‘leadership at the Berkshire companies’, he is also confident that Microsoft is in good hands under the stewardship of India-born Satya Nadella, and that being away from the board does not in any way signify that he himself is ‘stepping away from the company and it will always be an important part’.

He emphasises that he remains available as a mentor who “will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals”.

ADVERTISEMENT
Signing off on a note of introspection, the world’s most high-profile, self-made billionaire writes that he is now ‘looking forward to this next phase as an opportunity to maintain the friendships and partnerships that have meant the most to me’.


Bill Gates, Ratan Tata, Jack Ma: Business Leaders Who Accepted Their Biggest Mistakes
1/6

Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.

(In pic from left: Bill Gates, Ratan Tata, Jack Ma)

Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.(In pic from left: Bill Gate..
Read More

In April 2018, Mark Zuckerberg told reporters that he made a ‘huge mistake’ in failing to take a broad enough view about Facebook’s responsibility to the world. This statement was also in the context of the Cambridge Analytica scandal, in which the data mining firm misused data to try and influence elections. In March 2018, Zuckerberg said that “one of the biggest mistakes” of Facebook was not digging deeper into the Cambridge Analytica scandal.

In April 2018, Mark Zuckerberg told reporters that he made a ‘huge mistake’ in failing to take a broad enough view about Facebook’s responsibility to the world. This statement was also in the context..
Read More

The year 2015 marked the 50th anniversary of Warren Buffett and his partners’ decision to take control of Berkshire Hathaway. In his letter to the shareholders, Buffett shared his biggest investment mistakes. He said that buying Berkshire was a “monumentally stupid decision” and that he had only bought the company because it was cheap. Buffett kept investing money in Berkshire’s textile mills, eventually shutting operations in 1985.

The year 2015 marked the 50th anniversary of Warren Buffett and his partners’ decision to take control of Berkshire Hathaway. In his letter to the shareholders, Buffett shared his biggest investment ..
Read More

In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the intention of the company. Branding the car as the cheapest created a negative impact on the market, he said. “Success comes i f one took decisions that one thinks are the right ones,” Tata said.

In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the ..
Read More

In March 2018, Elon Musk participated in a Q&A at South by Southwest. While answering a variety of questions, the Tesla CEO said that the biggest career mistake he made was not being more involved with Tesla in its initial days. From 2004 to 2008, Musk was a lead investor in Tesla, but he was the CEO of SpaceX, a space exploration company. At the event, Musk said, “I think that was probably the biggest mistake of my career. Whenever you think you can have your cake and eat it too, you’re probably wrong.”

In March 2018, Elon Musk participated in a Q&A at South by Southwest. While answering a variety of questions, the Tesla CEO said that the biggest career mistake he made was not being more involved wi..
Read More

In April 2016, Chinese e-commerce giant Alibaba’s founder and CEO Jack Ma spoke at the 20th St Petersburg International Economic Forum. At the event, Ma reportedly said, “My biggest mistake was I made Alibaba. I never thought that this thing would change my life. I was just trying to do a small business and grow that big [sic], take that much responsibility and got so much trouble. Every day is like as busy as a president, and I don’t have any power. And then I don’t have my life.” In January 2018, Alibaba became the second Asian company to break the $500-billion valuation mark.

In April 2016, Chinese e-commerce giant Alibaba’s founder and CEO Jack Ma spoke at the 20th St Petersburg International Economic Forum. At the event, Ma reportedly said, “My biggest mistake was I mad..
Read More

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+