Gates is the co-founder and chairman of Microsoft, the world's biggest software company. America's richest man owns 6 percent of the Redmond, Washington-based company, a stake that makes up about a quarter of his total wealth. The rest of his fortune lies in Cascade Investment, a closely held investment vehicle. He has gifted $28 billion to his foundation.
Microsoft Corp. named Satya Nadella chief executive officer, tapping an insider steeped in business technology to speed up a turnaround at a software maker that helped usher in the personal-computing age, only to be left behind as the world embraced the Web and mobile devices.
With Microsoft Corp.’s appointment of John Thompson as chairman to replace co-founder Bill Gates, the world’s largest software maker is looking to the veteran technology executive as the main outside voice in its new leadership structure.
Bankia SA, the nationalized lender whose record losses helped push Spain into a European bailout, is being prepared for privatization, its chairman said today, after the bank returned to profit in 2013.
ValueAct Holdings LP President Mason Morfit, the investor set to join Microsoft Corp.’s board as it prepares to make Satya Nadella chief executive officer, will seek another break with tradition: how the company sells its flagship products.
Steve Ballmer’s tenure as Microsoft Corp. chief executive officer is poised to end with Apple Inc. and Google Inc. bigger by value. His 14-year stint also had brief periods when Cisco Systems Inc. and Intel Corp. held the title of most-valuable technology company.
Microsoft Corp.’s board is preparing to make Satya Nadella, the company’s enterprise and cloud chief, chief executive officer and is discussing replacing Bill Gates as chairman, according to people with knowledge of the process.
The most exciting part of elevating Satya Nadella to chief executive officer of Microsoft Corp. may be that it would end the search to replace Steve Ballmer, investors in the world’s biggest software maker said.
When asked last month what kinds of gadget gifts he would be getting for Christmas, Microsoft Corp.’s Satya Nadella, said to be the board’s pick for chief executive officer, had an easy answer: Microsoft devices.