Management Theory Bill Gates

Bill Gates and Computer Magic
William Henry "Bill" Gates III

William Henry "Bill" Gates III (born October 28, 1955) is an American business magnate, investor, author, and philanthropist. In 1975, Gates and Paul Allen co-founded Microsoft, which became the world's largest PC software company. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, and was the largest individual shareholder until May 2014. Gates has authored and co-authored several books.

Since 1987, Gates has been included in the Forbes list of the world's wealthiest people and was the wealthiest from 1995 to 2007, again in 2009, and has been since 2014.Between 2009 and 2014, his wealth doubled from US$40 billion to more than US$82 billion. Between 2013 and 2014, his wealth increased by US$15 billion. Gates is currently the richest person in the world, with an estimated net worth of US$85.2 billion as of January 2017.

Gates is one of the best-known entrepreneurs of the personal computer revolution. He has been criticized for his business tactics, which have been considered anti-competitive, an opinion that has in some cases been upheld by numerous court rulings Later in his career, Gates pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect for himself. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie and Craig Mundie. He stepped down as chairman of Microsoft in February 2014, taking on a new post as technology adviser to support the then newly appointed CEO Satya Nadella

Seattle, Washington

Early Life

Gates was born in Seattle, Washington on October 28, 1955. He is the son of William H. Gates Sr. (born 1925) and Mary Maxwell Gates (1931–1994). His ancestry includes English, German, Irish, and Scots-Irish. His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way. Gates' maternal grandfather was JW Maxwell, a national bank president. Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He is the fourth of his name in his family, but is known as William Gates III or "Trey" because his father had the "II" suffix. Early on in his life, Gates' parents had a law career in mind for him. When Gates was young, his family regularly attended a church of the Congregational Christian Churches, a Protestant Reformed denomination.

Bill Gates at 13 years of age and Paul Allen

At 13, he enrolled in the Lakeside School, a private preparatory school. When he was in the eighth grade, Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, "There was just something neat about the machine."

Bill Gates and Steve Jobs

Gates graduated from Lakeside School in 1973, and was a National Merit Scholar. He scored 1590 out of 1600 on the Scholastic Aptitude Tests and enrolled at Harvard College in the autumn of 1973. He chose a pre-law major but took rigorous mathematics and graduate level computer science courses. While at Harvard, he met fellow student Steve Ballmer. Gates left Harvard after two years while Ballmer would stay and graduate magna cum laude. Years later, Ballmer succeeded Gates as CEO of Microsoft before resigning from the company in 2014.

Bill Gates and Paul Allen
Bill Gates and Paul Allen
MITS Altair 8800 Computer with 8-inch (200 mm) floppy disk system

Gates did not have a definite study plan while a student at Harvard and spent a lot of time using the school's computers. Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974. The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company. Gates dropped out of Harvard at this time. He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start his own company. Gates explained his official status with Harvard that, "...if things [Microsoft] hadn't worked out, I could always go back to school. I was officially on [a] leave [of absence]."

Bill Gates

Windows

Microsoft launched its first retail version of Microsoft Windows on November 20, 1985, and in August, the company struck a deal with IBM to develop a separate operating system called OS/2. Although the two companies successfully developed the first version of the new system, mounting creative differences caused the partnership to deteriorate.

Bill Gates

Personal Life

Bill and Melinda Gates

Gates married Melinda French in Hawaii on January 1, 1994; he was 38 and she was 29. They have three children: Jennifer Katharine (born 1996), Rory John (born 1999), and Phoebe Adele (born 2002). The family resides in the Gates' home, an earth-sheltered house in the side of a hill overlooking Lake Washington in Medina near Seattle in the state of Washington, United States. According to 2007 King County public records, the total assessed value of the property (land and house) is $125 million, and the annual property tax is $991,000. The 66,000 sq ft (6,100 m2) estate has a 60-foot (18 m) swimming pool with an underwater music system, as well as a 2,500 sq ft (230 m2) gym and a 1,000 sq ft (93 m2) dining room.

Bill and Melinda Gates have said that they intend to leave their three children $10 million each as their inheritance. With only $30 million kept in the family, they appear to be on a course to give away about 99.96 percent of their wealth.

Melinda Gates

Philanthropy is very important to Gates. He and his wife, Melinda, started a foundation in 2000 to help reduce inequities in the United States and around the world. In 2016, President Barack Obama honored Gates and his wife Melinda with the Presidential Medal of Freedom for their philanthropic efforts.

Bill Gates 11 Rules of Life

There is a list of rules for life that you don’t learn in school that often gets attributed to Bill Gates.

1. Life is not fair, get used to it.

2. The world won’t care about your self-esteem.

3. You will NOT make $60.000 a year right out of high school. You won’t be a vice-president with a car phone until you earn both.

4. If you think your teacher is tough, wait till you get a boss.

5. Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping – they called it opportunity.

6. If you mess up, it’s not your parents fault, so don’t whine about your mistakes, learn from them.

7. Before you were born, your parents weren’t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you are so before you save the rain forest from the parasites of your parent’s generation, try delousing the closet in your own room.

8. Your school may have done away with winners and losers, but life HAS NOT.

9. Life is not divided into semesters.

10. Television is NOT real life.

11. Be nice to nerds. Chances are you’ll wind up working for one.

The End

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