Buffet gave no reason for stepping down from the Gates Foundation, but questions have been raised about the structure of its leadership after reports of Bill Gates’ behavior in the workplace.
It was recently revealed that board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate for Gates, the company’s co-founder, to sit on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate.
The Bill and Melinda Gates Foundation has said that it is not investigating the allegations in the media, as the reported incident involving one of the world’s largest, most influential nonprofits was made by “an anonymous former employee.”
And Buffett, now 90, has begun stepping away from his leadership role at Berkshire Hathaway, as well as positions on other corporate boards. This year, Buffet said that he would step down as CEO of Berkshire Hathaway.
Buffett said Wednesday while he still loves his job, “I’m clearly playing in a game that, for me, has moved past the fourth quarter and into overtime.”