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Making official what has been in the works since 1998, Microsoft Corp. co-founder Bill Gates passed the company's chief executive torch to his right-hand man Steve Ballmer. Gates will remain chairman and take a new position as chief software architect.
The shift in operational power from Gates to Ballmer began officially in July 1998. At the time, Gates spoke at length about the need to relinquish day-to-day control of the company to...