Just a few weeks after Bill and Melinda Gates announced their divorce, Buffett resigned.
Warren Buffett will resign as trustee of the Bill and Melinda Gates Foundation.
A few weeks ago, Bill and Melinda Gates announced that they will divorce after 27 years of marriage, but will continue to run the foundation together, which is one of the largest charitable foundations in the world. Gates was once the richest man in the world, and his wealth is estimated to exceed 100 billion US dollars.
“For many years, I have been a trustee of my funds-the trustee of the Bill and Melinda Gates Foundation (BMG)-an inactive trustee. I am going to quit that position now. Like what I did on the board of all companies except Berkshire Hathaway,” Buffett said in a prepared statement on Wednesday. “The CEO of BMG is Mark Suzman. He is an outstanding short-term choice that I fully support. My goals are 100% synchronized with the goals of the Foundation. To achieve these goals does not require my body to participate.”
Berkshire Hathaway Chairman and CEO Buffett also said on Wednesday that he has achieved his goal of giving up all his shares in the conglomerate, and that he will make another $4.1 billion donation.
Buffett did not give a reason for resigning from the Gates Foundation, but after reports on Bill Gates’ behavior in the workplace, people questioned his leadership structure.
Microsoft’s board members made a decision in 2020 that the company’s co-founder Gates is not suitable to serve as a board member because they investigated the billionaire’s previous relationship with a female Microsoft employee who was deemed inappropriate.
The Bill and Melinda Gates Foundation stated that it will not investigate the allegations in the media because it is reported that the incident involving one of the world’s largest and most influential non-profit organizations was made by “an anonymous former employee.” .
Buffett, now 90, has begun to resign from his leadership position at Berkshire Hathaway. This year, he said he will resign as CEO of this huge company.
Buffett said on Wednesday that although he still loves his job, “I’m obviously participating in a game that has passed the fourth quarter for me and entered overtime.”