After being informed in 2019 of his attempt to start a romantic relationship with an employee almost two decades ago, Microsoft Corp. launched an investigation into co-founder Bill Gates’ involvement with that person.
The board of directors looked into the matter and conducted a “thorough investigation” with the help of an outside law firm, according to the software giant. The investigation was never completed because Gates stepped down before it was finished, according to Microsoft.
Bill Gates and Melinda French Gates announced their divorce earlier in May after 27 years of marriage1
Microsoft Corp. conducted an investigation into co-founder Bill Gates’s involvement with an employee almost two decades ago after it was informed in 2019 of his attempt to start a romantic relationship with that person.
The board reviewed the matter and held a “thorough investigation” with the help of an external law firm, the software giant said. It didn’t reach a conclusion to the probe because Gates had stepped down before it was completed, Microsoft said.
“Microsoft received a concern in the latter half of 2019 that Bill Gates sought to initiate an intimate relationship with a company employee in the year 2000,” Microsoft said in a statement. “A committee of the Board reviewed the concern, aided by an outside law firm, to conduct a thorough investigation. Throughout the investigation, Microsoft provided extensive support to the employee who raised the concern.”
According to Dow Jones, Microsoft’s board of directors found Gates’ involvement with the female employee to be inappropriate, and he was forced to resign from the board last year, citing unnamed sources familiar with the situation.
Microsoft did not provide any additional information about the investigation.
In March of last year, the billionaire announced that he was stepping down from the board of directors to devote more time to philanthropy. Microsoft stated at the time that Gates had not been active in a day-to-day role since 2008. Gates co-founded the software company in 1975 and served as its CEO until 2000, the same year he established his foundation, and then as chairman until February 2014.
‘An Affair’
Gates’ decision to leave the board, according to a spokeswoman, has nothing to do with a romantic relationship with an employee.
“Almost 20 years ago, there was an affair that ended amicably,” she explained, adding that his “decision to transition off the board was in no way related to this matter.”
The investigation came at a time when there was a groundswell of discussion at Microsoft about the treatment of women, as well as Me-Too conversations in the broader industry. Microsoft has also put in place and overhauled processes for investigating allegations since 2000, with the goal of making them stronger, according to the company.
Brian Krzanich, the CEO of Intel Corporation, resigned after the board learned of a consensual relationship he had with a subordinate, despite the fact that the relationship had ended years before and predated his appointment to the top job at the company. The board of directors conducted internal and external investigations to confirm the violation of the company’s policies before making the announcement in June 2018.
After 27 years of marriage, Bill Gates and Melinda French Gates announced their divorce earlier this month. She had expressed concerns about his dealings with convicted sex offender Jeffrey Epstein, according to several reports, including those that surfaced over the weekend.
Microsoft Corp. conducted an investigation into co-founder Bill Gates’s involvement with an employee almost two decades ago after it was informed in 2019 of his attempt to start a romantic relationship with that person.
The board reviewed the matter and held a “thorough investigation” with the help of an external law firm, the software giant said. It didn’t reach a conclusion to the probe because Gates had stepped down before it was completed, Microsoft said.
“Microsoft received a concern in the latter half of 2019 that Bill Gates sought to initiate an intimate relationship with a company employee in the year 2000,” Microsoft said in a statement. “A committee of the Board reviewed the concern, aided by an outside law firm, to conduct a thorough investigation. Throughout the investigation, Microsoft provided extensive support to the employee who raised the concern.”
Dow Jones earlier reported that Microsoft’s directors found Gates’ involvement with the female employee to be inappropriate and decided last year that he had to step down from the board, citing people familiar with the matter who weren’t identified.
Microsoft didn’t provide further details on the investigation.
The billionaire said in March last year that he was stepping down from the board to devote more time to philanthropy. Gates hasn’t been active in a day-to-day role since 2008, Microsoft said at that time. Gates co-founded the software company in 1975 and served as its CEO until 2000, the same year his foundation was started, and was chairman until February 2014.
‘An Affair’
A spokeswoman for Gates said his decision to leave the board has nothing to do with the romantic involvement with an employee.
“There was an affair almost 20 years ago which ended amicably,” she said, adding that his “decision to transition off the board was in no way related to this matter.”
The belated investigation into the affair came at a time that was marked by a groundswell of discussion at Microsoft about the treatment of women and Me-Too conversations in the broader industry. Since 2000, Microsoft had also put in place processes for investigating allegations and overhauled them with the goal of making them stronger, the company said.
Intel Corp. Chief Executive Officer Brian Krzanich resigned after the board was informed that he had had a consensual relationship with a subordinate, even though that relationship had ended years before and predated his appointment to the top job at the company. The board conducted investigations internally and via external counsel to confirm the violation of the company’s policies and made the announcement June 2018.
Gates and Melinda French Gates announced their divorce earlier this month after 27 years of marriage. Several reports, including those that emerged over the weekend, said she had raised concerns over his dealings with convicted sex offender Jeffrey Epstein.
The New York Times had reported in 2019 that Gates had met with Epstein several times, and once stayed late at his New York townhouse. Epstein had died in jail two months prior while awaiting trial on federal charges related to sex trafficking.
Gates’s spokeswoman denied the reports. The “characterization of his meetings with Epstein and others about philanthropy is inaccurate,” she said. “The rumors and speculation surrounding Gates’ divorce are becoming increasingly absurd.”
Stock Transfers
The split also brought attention to the Gates fortune, which the Bloomberg Billionaires Index estimates to be worth $144 billion, as well as their foundation.
The Bill and Melinda Gates Foundation is the world’s largest charitable organisation. It has distributed more than $50 billion to causes such as vaccine development and women’s empowerment since its inception, with more than 1,600 employees and offices around the world.
Last week, Gates’ investment firm, Cascade Investment, transferred stock in Deere & Co. to his wife, bringing her total compensation to more than $3 billion since the couple announced their divorce.
