Vulcan CEO says company to honor Paul Allen\'s legacy to \'improve the world\'

VIDEO SHOWS: VARIOUS FILE FOOTAGE AND PHOTO OF PAUL ALLEN WITH BILL GATES, VULCAN'S CHIEF EXECUTIVE OFFICER BILL HILF; EXTERIOR SHOTS OF THE ALLEN INSTITUTE RESENDING WITH SHOTLIST AND COMPLETE SCRIPT SHOWS: UNKNOWN LOCATION, UNITED STATES (FILE) (NBC- Broadcasters: NO USE USA.

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PAUL ALLEN WALKING IN HALLWAY SEATTLE, WASHINGTON, UNITED STATES (MARCH 11, 2003) (REUTERS-ACCESS ALL) 2.

STILL PHOTO OF MICROSOFT CO-FOUNDERS BILL GATES (L) AND PAUL ALLEN (R) CHATTING AT COURTSIDE DURING THE NBA GAME BETWEEN THE SEATTLE SUPERSONICS AND THE PORTLAND TRAILBLAZERS EAST RUTHERFORD, NEW JERSEY, UNITED STATES (FEBRUARY 2, 2014) (REUTERS-ACCESS ALL) 3.

STILL PHOTO OF SEATTLE SEAHAWKS OWNER PAUL ALLEN HOLDING THE VINCE LOMBARDI TROPHY NEW YORK, NEW YORK, UNITED STATES (JANUARY 30, 2014) (REUTERS-ACCESS ALL) 4.

STILL PHOTO OF SEATTLE SEAHAWKS OWNER AND MICROSOFT CO-FOUNDER PAUL ALLEN (C) WAVES TO THE TRADING FLOOR AFTER RINGING THE OPENING BELL AT THE NEW YORK STOCK EXCHANGE SEATTLE, WASHINGTON, UNITED STATES (OCTOBER 15, 2018) (NBC- Broadcasters: NO USE USA.

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VULCAN CEO BILL HILF WALKING UP TO PODIUM 5.

(SOUNDBITE) (English) VULCAN CEO BILL HILF, SAYING: "So, as you heard about earlier today, we're very sad and with the news that Paul Allen passed away earlier today from complications from lymphoma.

It's very very difficult day here, and for his family.

We're all focused on supporting the Allen family at this time, with everything that they need.

All of the employees across all the Paul Allen network, all of the Vulcan employees, the sports teams, the research institutes and importantly as many of you know, Paul had a tremendously huge vision on how to improve the world, and a big part of our forward plans are to help realize that vision and to continue what he wanted to get done.

And that's how we are rallying together, this week and the next weeks, to carry that banner into the future for him." 6.

WHITE FLASH 7.

(SOUNDBITE) (English) VULCAN CEO BILL HILF, SAYING: "I think I will remember the most about how big he thought.

He redefined what big thinking was for me.

I've never met anyone in my life who wanted to do so much good in the world in such a big way.

His aperture was wider than anyone I ever met.

And it changed me, and will continue to change me and that's that's something I'll never forget.

And it is one of the reasons I came to work for him." 8.

WHITE FLASH 9.

(SOUNDBITE) (English) VULCAN CEO BILL HILF, SAYING: "Certainly, there's a clear plan of what he wants done for his legacy.

And that's part of all of our jobs to help realize that.

It's right in line with what he's been trying to do throughout his life is have a lasting impact in scientific research, a lot of tremendous work that's been done and in brain research and cell research in the Allen Institute, and SouthLake Union.

And tremendous work we've been doing in artificial intelligence a lot of work on the conservation side.

So that's our job is to make sure we realize that vision for him." 10.

EXTERIOR SHOTS OF ALLEN INSTITUTE STORY: Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.

Allen left Microsoft in 1983, before the company became a corporate juggernaut, following a dispute with Gates, but his share of their original partnership allowed him to spend the rest of his life and billions of dollars on yachts, art, rock music, sports teams, brain research and real estate.

"There's a clear plan of what he wants done for his legacy," said Vulcan CEO Bill Hilf.

"It's right in line with what he's been trying to do throughout his life is have a lasting impact in scientific research, a lot of tremendous work that's been done and in brain research and cell research in the Allen Institute, and SouthLake Union," he said.

Allen died from complications of non-Hodgkin's lymphoma, a type of cancer, the Allen family said in a statement.

Allen remained loyal to the Pacific Northwest region, directing more than $1 billion to mostly local philanthropic projects, developing Seattle's South Lake Union tech hub that Amazon.com Inc calls home and building the headquarters of his Allen Institute for Brain Science there.

Paul Gardner Allen was born in Seattle on Jan.

21, 1953, the son of a librarian father and teacher mother.

He was two years older than Gates but when they met in the computer room at the exclusive Lakeside School in Seattle in 1968, they discovered a shared passion.

Allen went on to Washington State University but dropped out in 1974 to take a job with Honeywell in Boston.

While there, he pestered Gates, who was studying at nearby Harvard, to quit school and join the nascent revolution in personal computing.

Gates finally agreed and in 1975 the two jointly developed BASIC software for the Altair 8800, a clunky desktop computer that cost $400 in kit form.

Allen was in charge of Microsoft's technical operations for the company's first eight years, making him one of the handful of people who created early software such as MS-DOS and Word that enabled the PC revolution and thrust Microsoft to the top.

But he had ceased to be on the cutting edge of software development by the early 1980s.

He never displayed the commercial instinct of Gates, who generally is credited with powering Microsoft's rise to ubiquity in the 1990s.

Allen left Microsoft in 1983 after falling out with Gates and his new lieutenant, Steve Ballmer, in December 1982, only months after being diagnosed with Hodgkin's lymphoma.

As he recalled in his 2011 memoir "Idea Man," he overheard Gates and Ballmer secretly plotting to reduce his ownership stake.

Gates and Ballmer later apologized but the damage was done and Allen left Microsoft, although he remained on the board until 2000.

Allen held onto his share of the company.

His 28 percent stake at Microsoft's initial public offering in 1986 instantly made him a multi-millionaire.

His wealth peaked at about $30 billion in late 1999, according to Forbes magazine, but Allen was hurt by the sharp decline in Microsoft stock after the dot.com bubble burst in 2000 and some unprofitable technology investments.