Get All Access for $5/mo

Bill Gates Gets Teary-Eyed Talking About Search for New Microsoft CEO Microsoft's co-founder had an emotional moment during the company's annual shareholders meeting yesterday.

By Lyneka Little

Opinions expressed by Entrepreneur contributors are their own.

Microsoft chairman and co-founder Bill Gates had an emotional moment yesterday while speaking about the search for a new CEO to lead the software corporation.

Delivering a speech at the company's annual shareholders meeting in Bellevue, Wash., Gates held back tears while discussing a replacement for Steve Ballmer.

"We've got a commitment to make sure that the next CEO is the right person for the right time for the company we both love. And, we share a commitment that Microsoft will succeed as a company that makes the world a better place," he said.

Related: Microsoft Axes Its Terrible, Horrible, No Good, Very Bad Employee-Ranking System

In August, Ballmer announced he would be retiring from the software giant. Ballmer, 57, said in a statement at the time: "My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction." Reports suggest Ballmer's exit was earlier than planned.

Ballmer joined the company in 1980, and would become Microsoft's second CEO in 2000 after taking over for Bill Gates. The two are the only men to lead Microsoft as chief executive in the company's 38-year history.

Related: Google, Microsoft Take Steps to Block Searches for Child Porn

Is a freelance writer in New York. She's written about personal finance and small business for such publications as The Wall Street Journal, MainStreet.com, Walletpop.com, People magazine. She also works as a freelance producer covering money at ABCNews.com. Little attended Howard University where she studied journalism. She loves drinking wine and tweeting, preferably at the same time. Follow Little on Twitter @Lyneka.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Paramount Leadership Alludes to Layoffs If Merger Does Not Go Through

Paramount is awaiting approval on its merger with Skydance Media from majority shareholder Shari Redstone.

Business News

Microsoft Reportedly Lays Off Over 1,500 Employees in Cloud Sector as Partnership with OpenAI Strengthens

Alphabet also reportedly laid off employees from several teams in Google's cloud unit last week.