Kill Bill?

What is Bill Gates doing?

By officially stepping back into an active role at the company he founded, is Gates trying to re-live his

? Back in the ‘90s, Microsoft was the world’s dominant software-maker. The stock was zooming. Desktop computers dominated our working lives, and we were trying to figure out how to share files with one another in things called “networks.”

It was a heady time. When Microsoft released Windows 95, people camped out overnight to buy their updates. It was a cultural event. But Gates stepped down as CEO in 2000, and after the company settled its Justice department lawsuit in 2001, they missed one tech trend after another. They missed music, they missed mobile, they missed search, they missed tablets. Even though they spent billions on Zune, Bing, and Surface—who comes up with these names, by the way?—they couldn’t surf the tech waves roiling the economy.

So now Gates is leaving his role as Chairman and stepping into the position of “Technology Advisor.” He shouldn’t. Big companies need singular leadership that can provide clear direction and be held accountable for results. This just muddies the waters. If new CEO Satya Nadella can’t handle the job, he shouldn’t take it.

Gates isn’t Steve Jobs, Apple’s founder who was fired but then brought them back from the brink when he returned. The world has moved on. You can’t go home again.

Douglas R. Tengdin, CFA

Chief Investment Officer

By | 2017-07-17T12:34:22+00:00 February 7th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

Leave A Comment