Bill & Melinda Gates Foundation conducts all operations and grantmaking work, and it is the entity from which all grants are made". Also announced was the decision to "... spend all of [the Trust's] resources within 20 years after Bill's and Melinda's deaths". This would close the Bill & Melinda Gates Foundation Trust and effectively end the Bill & Melinda Gates Foundation. In the same announcement it was reiterated that Warren Buffett "... has stipulated that the proceeds from the Berkshire Hathaway shares he still owns at death are to be used for philanthropic purposes within 10 years after his estate has been settled". The
Bill Gates operating system, because he believed that other hardware vendors would clone IBM's system. They did, and the sales of MS-DOS made Microsoft a major player in the industry. Despite IBM's name on the operating system, the press quickly identified Microsoft as being very influential on the new computer. "PC Magazine" asked if Gates were "the man behind the machine?", and "InfoWorld" quoted an expert as stating "it's Gates' computer". Gates oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates the president of Microsoft and its board chairman. Microsoft launched its first