While Steve Jobs is now officially the CEO of Apple (Took them long enough), Microsoft is now announcing that Bill Gates has created a new position for himself at the company and has given the title of CEO to someone else:

Accelerating the company's major strategy initiative, Microsoft Corp. today announced that its co-founder, Bill Gates, has created a new role for himself -- Chairman and Chief Software Architect -- so that he can dedicate all of his time to helping drive the next generation Windows Internet platform and services. Microsoft announced that Steve Ballmer becomes president and CEO, and will take over management of the company.

View the full story here. The next question is whether this is going to improve anything in the PC (or Mac) world. We're not holding our breath.