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
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
According to the unaudited data for three quarters 2009, AB Bank SNORAS earned LTL 4.1 million profit. Although the inter-banking market of the country fixed the banks’ asset decrease (- 4.6 per cent) since the beginning of the year, the assets of Bank SNORAS grew by LTL 249.3 million and were by 4 per cent higher than at the beginning of 2009.
more »
Taking into account changes on domestic money markets AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates from November 5.
more »
FL Technics, the leading aircraft maintenance, repair and overhaul (MRO) provider in Eastern Europe, has signed contracts with Air Italy and Air Slovakia for Boeing 737-300 aircraft base maintenance in Lithuania.
more »
Thales UK’s headquarters site in Weybridge has recently held a Halloween charity coffee morning, raising more than £280 for Marie Curie Cancer Care.
more »
New SaaS-Based Vulnerability-Scanning Solution Is Latest Addition to Company’s Application Security Program.
more »
Since 31 October 2009, only LTL 0.99 fee for accepting payments will be applied to clients while making payments for various services (utility fees, communication services, etc.) in all subdivisions of Bank SNORAS.
more »
AB DnB NORD Bankas, the country‘s leader in investment products market, offers a new possibility for the clients to make repurchase deals (repo deals) in the bank’s newly installed on-line trading platform.
more »
The benefits of the integration of eastern Europe’s financial systems into the world economy outweigh the costs that have been highlighted during the global economic crisis, the EBRD has concluded in a new report.
more »
On 22 October 2009, following the favourable opinion expressed in September by the Committee for Fisheries and Aquaculture, the Commission adopted a Regulation establishing the implementing rules for the 2008 Regulation to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.
more »