EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

06.30.09

Another Microsoft Vice President Jumps Ship, Employee Benefits Take a Dive

Posted in Finance, Microsoft at 3:27 pm by Dr. Roy Schestowitz

USS Towers - sinking

Remark: At this pace of abandonment, who will be left to lead?

LAST week we saw the departure of at least two Microsoft executives [1, 2] (among around half a dozen so far this month) and joining this exodus will be the vice president of Services. Maybe it’s a morale problem.

Maria Martinez, the corporate vice president in charge of the big Microsoft Services division, is leaving the company. Microsoft confirmed the move in response to our inquiry this morning, saying Martinez would be replaced by Kathleen Hogan, current corporate vice president of Microsoft’s Customer Service & Support

In other interesting news, the Seattle P-I shows that Microsoft employee benefits fell by a staggering 26% compared to last year.

Microsoft’s assets available for employee benefits fell by $1.4 billion in 2008, shrinking by more than a quarter from the year before.

The Redmond-based company’s funds available to pay out benefits dropped 26 percent to $4.01 billion in the year ended Dec. 31, according to a document filed Monday with the Securities and Exchange Commission. In 2007, Microsoft’s available assets for benefits amounted $5.43 billion.

It’s not exactly surprising to those who have paid attention. Microsoft’s earnings are down 32%, to a great degree because of GNU/Linux.

“DOS will be with us forever. We’ve learned how passionate people are about DOS.”

Former Microsoft Vice President Brad Silverberg

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

6 Comments

  1. Charles Oliver said,

    June 30, 2009 at 4:09 pm

    Gravatar

    Assets available to pay benefits doesn’t equate to lower benefits paid out. What would be interesting is if the drop in asset value had a short or long term effect on the maximal expenditure on employee benefits from said assets and whether employee benefits actually, in reality, suffered.

    Roy Schestowitz Reply:

    Yes, I know. But wages have already declined for many. It is at least indicative.

    Sabayon User Reply:

    No. You either don’t know, or you’re misrepresenting the quoted article on purpose:

    shows that Microsoft employee benefits fell by a staggering 26% compared to last year.

    Implying that benefits *paid* to them fell or were reduced. Implying that Microsoft employees are somehow receiving less health or retirement coverage. Neither of which is the case, as Charles Oliver said. You then paste the usual self-referential gunk (contract staff rate cuts) that is completely unrelated to what you’re saying. You are aware that no company in the planet pays benefits to contract staff, right?

    So you either don’t understand the article you’re quoting (which means you should not use it to begin with) or you’re lying. Which is it?

    contextfree Reply:

    I don’t think he’s lying, I think he’s bullshitting in Harry Frankfurt’s sense, i.e. he doesn’t really know or care whether the things he posts are true or not, their truth or falsity is simply irrelevant and the only thing that matters is whether they are unfavorable to Microsoft. Basically the corporate PR worldview, just in reverse.

    twitter Reply:

    Lying? You trolls have not been paying attention. here are links to other M$ failures. You know, like M$’s amazing $60 billion cash pile dissapearing act, or the loss of 5,000 employees here, 2,000 employees there. How’s a company that’s running out of money because they have abused employees, customers and investors alike supposed to reward employees? That’s right, with an axe. More than 10,000 people have already felt it.

    Investors and customers are unhappy. I’m sure you will enjoy these link about investors expressing their dissapointment [2], [3].
    Everyone’s favorite seems to be the Vista Failure. More than anything else, Vista’s crater showed that M$ has lost it.

    You trolls can spin, slander and otherwise bullshit all day, none of it will do M$ any good. Given how negative the reaction is to your constant harassment, it’s a wonder M$ has not pulled the plug on you guys. They should put every resource they had into software ten years ago. Whey they keep people like you around is a mystery.

    Sabayon User Reply:

    You trolls

    Wow. I must be asking the right questions if the head nymshifter had to come down and do his explosion at the ASCII factory just for me.

What Else is New


  1. Links 21/9/2014: xorg-server 1.16.1, Linux Kernel 3.16.3

    Links for the day



  2. Links 20/9/2014: GNOME 3.13.92, Android L

    Links for the day



  3. Scanning Patent Troll Implodes; Is the Podcasting Patent Troll Next?

    MPHJ loses and Personal Audio LLC perhaps wins for the last time since software patents are quickly losing legitimacy in the United States



  4. If CAFC is Not Above the Law, Then it Should be Shut Down Now

    A long series of abuses in CAFC may as well suggest that this court has become broken beyond repair



  5. The Latest From Microsoft Patent Trolls and Patent Partners

    Microsoft-linked and Linux-hostile trolls continue their relentless attacks (albeit with little or no success) while patents as a weapon lose their teeth owing to a Supreme Court ruling



  6. Microsoft Proves That Its Massive Layoffs Are Not About Nokia

    Microsoft is laying off a lot of employees who have nothing at all to do with Nokia



  7. Links 19/9/2014: Another Red Hat Acquisition, Netflix Dumps Microsoft Silverlight and Brings DRM to WWW

    Links for the day



  8. Links 18/9/2014: Windows Copying GNU/Linux, Germany Moves to Security

    Links for the day



  9. Web Site 'Patent Progress' Now Officially 'Powered by CCIA' (FRAND Proponent, Microsoft Front)

    After talking a job at CCIA, "Patent Progress" and its chief author should be treated as dubious on real patent progress



  10. Articles About the Death of Software Patents in the United States

    Recent coverage of software patents and their demise in their country of origin, where even proponents of software patents are giving up



  11. The Death of Software Patents is Already Killing Some Major Patent Trolls

    VirnetX seems to be the latest victim of the demise of software patents in the United States



  12. More Microsoft Layoffs

    More Microsoft layoffs go ahead as the company is unable to compete



  13. ODF on the Rise

    Milestones for OpenDocument Format (ODF) and the launch of FixMyDocuments



  14. Links 17/9/2014: CoreOS, ChromeOS, and systemd

    Links for the day



  15. Italy is Cracking Down on Microsoft's Monopoly Abuse While Gradually Moving to GNU/Linux

    Italy is not only moving to Free/Open Source software but also to GNU/Linux while at the same time barring Microsoft from forcibly tying Windows to new PCs



  16. OpenSUSE's 'Assurances' Are Classic MBA School Hogwash

    OpenSUSE is not part of any commitment, except for SUSE's; the impact of the Novell/SUSE acquisition casts uncertainty on the project's future



  17. Links 16/9/2014: Firefox OS Smartphones in Bangladesh, “Treasure Map” of the Internet

    Links for the day



  18. The United Kingdom Should Dump Microsoft For the Sake of National Security

    The UK has issues of Microsoft dependency and Windows viruses; its migration to Free software and GNU/Linux is not fast enough to guard its autonomy in the age of digital imperialism



  19. CBS Hires Even More Microsoft Staff to Cover Microsoft Matters

    CBS continues to be infested with Microsoft staff past and present (this time Dave Johnson) and the bias in output is quite revealing



  20. Microsoft Has Just Killed Minecraft for GNU/Linux and the Possibility of Free/Open Source Releases

    Persson sells out to Microsoft and lets the abusive monopolist destroy the popular cross-platform game that a community has been built around



  21. Another Reason to Boycott Intel UEFI

    More anti-competitive aspects are revealed inside UEFI, which helps merginalise GNU/Linux



  22. Quick Mention: Novell and SUSE Passed to Microsoft's 'Partner of the Year', Microsoft Focus

    Novell is changing hands again, and falling into the hands of even more Microsoft-friendly actors



  23. Links 16/9/2014: Linux 3.17 RC5, KDE Frameworks 5.2.0

    Links for the day



  24. Željko Topić, Benoît Battistelli, and the European Patent Office (EPO): Part II

    Part II of our look into the EPO appointment of Željko Topić and other matters showing the dubious integrity of the EPO



  25. Links 14/9/2014: Android-based Watches Earn Optimism

    Links for the day



  26. Links 14/9/2014: Eucalyptus Devoured

    Links for the day



  27. Links 11/9/2014: Linux Toilet Project, Linux-Based Wheelchair Project

    Links for the day



  28. Links 10/9/2014: Brian Stevens in Google, Ubuntu 14.10 Expectations

    Links for the day



  29. Links 9/9/2014: Hating/Loving Linux, Android Aplenty

    Links for the day



  30. Links 8/9/2014: Linux 3.17 RC 4, Switzerland Welcoming Snowden

    Links for the day


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts