![]() ![]() French Gates would receive “personal resources” from Gates for her own philanthropic work - resources that would be “completely separate from the foundation’s endowment.” If that happens, Gates would remain in control and, essentially, buy her out of the foundation, Suzman said. “If after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee,” CEO Mark Suzman said. #BILL AND MELINDA GATES TRIAL#However, the foundation said last month that the organization was planning a two-year trial period to see if the pair could continue working together effectively. When the couple first announced their divorce, they said they would continue to jointly run their charity, the Bill and Melinda Gates Foundation, which had an endowment of roughly $50 billion at the end of 2020. Microsoft names CEO Satya Nadella as chairman (Photo by Stephen Brashear/Getty Images) Stephen Brashear/Getty Images The company posted $22.3 billion in profits for the 2016 fiscal year. BELLEVUE, WA - NOVEMBER 30: Microsoft CEO Satya Nadella addresses shareholders during the 2016 Microsoft Annual Shareholders Meeting at the Meydenbauer Center November 30, 2016, 2016 in Bellevue, Washington. ![]()
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