It’s been almost a month since Bill Gates announced his slow departure from Microsoft, the company he launched with Paul Allen way back in 1975.
In 2008, Bill Gates, the world’s richest man, will step back from the daily operations of the company and delve into more philanthropic work.
Why the long goodbye? Why not make the departure short and sweet? Probably two reasons: to make the transition easier, and to quell the tension of nervous investors. After all, the departure of the world’s most famous CEO cannot be an easy pill to swallow for some.
Though most investors have swallowed the pill with relative ease. Since announcing his exodus, Microsoft’s share price has risen 8% and continues to gain momentum. Maybe Gates’s recent departure plan is a textbook example of how some CEOs should let go of the reins.
But what does the retirement of Gates have to do with penny stocks? A lot I think. Microsoft started out small…just like most penny stock companies do. And, sniffing an unexploited opportunity…they jumped in and made history.
And that history has spawned operations in 102 countries with a...
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