Milestones Jun. 26, 2006

RELINQUISHING. Bill Gates, 50, Microsoft chairman and co-founder; his day-to-day responsibilities running the software giant, as of July 2008; in Redmond, Wash. The move will leave executives Steve Ballmer and Ray Ozzie, whom Gates named to succeed him as chief software architect, to face challenges from competitors like Google that provide user-friendly software over the Internet. Gates, a 2005 TIME Person of the Year, said he plans to focus more on his philanthropic work.

DIED. Neroli Fairhall, 61, champion archer and the first paraplegic athlete to compete in the Olympics; of undisclosed causes; in Christchurch, New Zealand. When rival archers at...

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