Microsoft CFO leaves for start-up.
Published:
29 December 1999 y., Wednesday
Microsoft chief financial officer Greg Maffei has resigned to become chief executive of Worldwide Fiber, a privately held firm that specializes in building fiber optic networks. The software giant Wednesday said that the resignation is effective Jan. 7 and that Maffei will be replaced by John Connors. Connors has been with the company 11 years and is currently the vice president of the worldwide enterprise group. "Greg_s contributions have been outstanding," Microsoft chief operating officer Bob Herbold said in a statement. "His strong financial management abilities have helped Microsoft_s finance organization to be recognized as world-class." Connors brings a vast range of experience to the position of CFO. In his first year as chief information officer he trimmed $58 million off Microsoft_s technology budget by improving efficiency. He also streamlined how Microsoft
negotiates contracts. Maffei_s resignation was announced on the same day the software giant_s market capitalization surpassed $600 billion. The company_s stock has risen steadily in recent days on optimism over Windows 2000, the company_s new operating system for businesses that will be released next year.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »