The 52-year-old has slowly backed away from the software company's operations
Newsweek Jun 23, 08 10:41 AM CDT
(Newser)
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This will be Bill Gates’ last Monday at Microsoft, the company that the 52-year-old founded with business partner Paul Allen as a teenager. He’s retiring Friday from Microsoft’s day-to-day business and beginning full-time work with his $37.3 billion philanthropic organization, the Bill & Melinda Gates Foundation. He's been planning this week for 4 years, and Newsweek takes a look at the bizarre notion of a Gates-less Microsoft .
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analysis
Economist compares direct-benefit to direct-contribution plans
Economist Jun 16, 08 5:21 PM CDT
(Newser)
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Many employees will enter retirement with a much smaller income than they expect, the Economist reports. By 2014, the amount of money saved in direct-contribution retirement plans—ie 401Ks—will outpace than the amount saved in old-fashioned direct-benefit plans. But workers set contributions to their DC schemes at lower levels than might have been set aside in DC schemes. Add poor investment decisions, and many pensioners could end up with half the retirement income they would’ve drawn under DB.
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Giants' sack-happy defensive end says he's retiring at 36; TV gig may be next
ESPN Jun 9, 08 4:14 PM CDT
(Newser)
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Michael Strahan is retiring after 15 years with the New York Giants, ESPN reports. The defensive end, 36, set the NFL's single-season sacks record with 22.5 sacks during the 2001 season, participated in seven Pro Bowls, and got his first Super Bowl ring earlier this year. Strahan walks away from the $4 million final year of his contract.
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39-0 boxer forgoes $20 million payoff
ESPN Jun 7, 08 1:37 PM CDT
(Newser)
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Undefeated boxer Floyd Mayweather Jr. is hanging up his gloves, nixing a high-profile rematch against Oscar De La Hoya, ESPN.com reports. “This decision was not an easy one for me to make,” the welterweight champ said. “However, these past few years have been extremely difficult for me to find the desire and joy to continue.”
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Fake bus stops give restless elderly patients a destination
Deutsche Welle (Germany) Jun 6, 08 5:00 PM CDT
(Newser)
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German retirement homes have found a new way to help patients: building fake bus stops. Dementia sufferers who insist they have somewhere to go now have a destination, giving them a sense of control. That helps calm them, even if they forget where they're "going" after spending some time in the waiting area, Deutsche Welle reports.
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Refusing to relinquish leadership
Time Jun 5, 08 2:39 AM CDT
(Newser)
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Barack Obama's former Chicago church is in turmoil over a battle to retain power by firebrand preacher Rev. Jeremiah Wright, Time reports. A rift has opened between Wright, who was supposed to retire from the church he nurtured for 36 years, and his hand-picked successor, whose qualifications he's now questioning.
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Quietly closes movie production company
New York Post May 30, 08 9:59 AM CDT
(Newser)
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Are Mel Brooks' days in Hollywood over? The comic king is quietly closing his Brooksfilms, the New York Post reports. He founded the LA-based production company in 1980 to produce more serious films such as The Elephant Man but also put out classics such as Spaceballs . Brooks, who turns 82 next month, is still considering a couple gigs on Broadway.
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With 7 Grand Slam titles at 25, Belgian is first woman to leave while atop rankings
Associated Press May 14, 08 11:08 AM CDT
(Newser)
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Justine Henin, the top player on the women's tennis tour, abruptly announced her retirement today. "This is a definitive decision," said the 25-year-old Belgian, who won seven Grand Slam titles—including the past three French Opens—despite battling injuries in recent years. She's the first woman ever to retire while atop the rankings, the AP reports.
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Top female has eye
on biz, including golf academy, courses
Golf.com May 14, 08 9:43 AM CDT
(Newser)
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Annika Sorenstam has announced her retirement from professional golf, effective at the end of the 2008 season, Golf.com reports. The eight-time LPGA player of the year has "other priorities," including starting a family and working to build "the Annika brand of businesses, including my academy, my foundation, and my golf course design projects."
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Sales have slipped from half a million annually to 168K last year
Los Angeles Times May 10, 08 6:52 PM CDT
(Newser)
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Once a four-wheeled icon of cool, Ford's Mercury brand is steadily losing traction and may soon be parked for good, the Los Angeles Times reports. Ford has not yet announced a plan to scrap the line, but one key stockholder is urging the company to let it go. "Mercury has one more product cycle left in it, and then will almost certainly be retired as a brand," one analyst said.
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Steve Irwin's dad will leave zoo he founded for $1M
Australia's News Network Apr 10, 08 10:55 AM CDT
(Newser)
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Bob Irwin will retire from the Australian Zoo made famous by his 'Crocodile Hunter' son Steve, taking with him a retirement package worth just shy of $1 million amid rumors of a feud with his son's widow. Irwin will also collect a $93,000 yearly pension from the zoo he founded 36 years ago, and later sold to his son, reports the AP.
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Clinton seen as Senate heavyweight, Obama a future contender, Mac a retiree
Reuters Mar 25, 08 11:58 AM CDT
(Newser)
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Very different futures await the two candidates who don't reach the White House, watchers say, with Barack Obama viewed as a future White House candidate, Hillary Clinton seen as a likely party leader in the Senate, and John McCain expected to retire in 2010. If Hillary doesn’t win, and campaigns hard for Obama, she’ll likely maintain her rep—and the top congressional job may be hers.
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Packers legend to
hang up cleats (really)
after 17 seasons
Fox News Mar 4, 08 9:38 AM CST
(Newser)
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Brett Favre is retiring, Fox Sports reports, capping a gritty 17-year career that saw the Green Bay Packers return to the NFL's elite. The three-time MVP has often reversed course on retirement in the past, but his agent confirmed the report for ESPN, saying the quarterback notified the team last night. His brother Scott confirmed the news to the Biloxi Sun Herald.
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Watershed moment as first Baby Boomer starts collecting Social Security
AARP The Magazine Jan 18, 08 2:06 PM CST
(Newser)
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The first Baby Boomer will collect her—and her generation's—first Social Security check next month, and she can expect a lot of attention, reports AARP The Magazine. Kathleen Casey-Kirschling was born at 12:00:01 on January 1, 1946, and her big move spotlights the way her generation will both redefine retirement and squeeze Social Security to the limit.
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