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Gates Most Definitely Not Returning to Microsoft as CEO

He says that running his charity is now his full time job


Top 11 Stocks for 2011Microsoft‘s (MSFT) former CEO and founder has thrown cold water on speculation he could return to the software giant’s top office.

Since current CEO Steve Ballmer announced plans to retire next month, rumors have swirled over the list of possible candidates to replace him. A number of persistent rumors have suggested that Gates might come out of retirement to helm the troubled company once again.

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Asked by Business Insider at a recent encounter, the billionaire denied any plans to take up the corporate reins once more. “No, I ran Microsoft for a period of time. And, now I’m the chairman helping out on a part-time basis,” Gates said. He indicated that running his charitable foundation is now his full-time job.

Since stepping aside as Microsoft’s CEO, Gates has ventured into global philanthropy. His Bill and Melinda Gates Foundation continues to sponsor programs to help people in developing countries.

He was also recently once-again named America’s richest man, a title he has held for two decades.

Ballmer’s decision to depart Microsoft came on the heels of the announcement of a massive writedown associated with the company’s poorly-selling Surface tablet line.

Article printed from InvestorPlace Media,

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