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 24/7/2014: Oracle Linux 7; Fedora Delays

    Links for the day



  2. Valerie Strauss Explains Why Gates Foundation's Lobbying for 'Common Core' (Privatisation) is a Swindle That Makes Microsoft Richer

    Continued criticism of the Gates Foundation's lobbying and masquerading, with more journalists brave enough to highlight the corruption



  3. USPTO Officially Sets New Guidelines to Limit Scope of Software Patents in the United States

    Even patent lawyers finally acknowledge that the incentive to file software patent applications has been reduced, as the scope of patents on software has been noticeably narrowed and they are harder to acquire, let alone enforce in a courtroom



  4. UK Government Adopts OpenDocument Format (ODF) and Microsoft Already Attacks the Government Over It, Showing Absolutely No Commitment to Open Standards

    Only "Microsoft as the standard" is the 'standard' Microsoft is willing to accept, as its response to the Cabinet Office's judgment reveals



  5. Microsoft Layoffs of 2014

    Another quick look at Microsoft's horrible state of affairs and why it has virtually nothing to do with Nokia



  6. Links 22/7/2014: Linux 3.16 RC 6, New UberStudent

    Links for the day



  7. Links 20/7/2014: Jolla in India, Mega Censored in Italy

    Links for the day



  8. Longtime Mono Booster Joins Microsoft-linked Xamarin

    Jo Shields almost joins Microsoft, settling instead for its proxy, Xamarin



  9. Linux Foundation Welcomes Patent Aggressor Red Bend Software

    The Linux Foundation's AllSeen Alliance welcomes as a member a company that uses software patents to sue Free/Open Source software



  10. Matt Levy From Patent Progress (and CCIA) Does Not Really Want Patent Progress

    Matthew ('Matt') Levy moved into a foe of patent progress last year, but he still runs a site calls Patent Progress, in which he diverts all attention to patent trolls (as large corporations such as Microsoft like to do)



  11. Attacking FOSS by Ignoring/Overlooking Issues With Proprietary Software

    The biasing strategy which continues to be used to demonise Free/Open Source software (FOSS) along with some new examples



  12. Links 19/7/2014: CRUX 3.1 is Out, CyanogenMod Competes With Google Now

    Links for the day



  13. Microsoft's Massive Layoffs Go Far Beyond Nokia; Nokia's Android Phones Axed by Microsoft's Elop

    Microsoft's rapid demise and permanent exit from Nokia's last remaining Linux platform (after Microsoft had killed two more)



  14. Patents on Software Already Being Invalidated in Courts Owing to SCOTUS Ruling on 'Abstract' Patents

    The Federal Circuit Appeals Court has just "invalidated a software patent for being overly abstract," says a patents expert



  15. OpenSUSE 'Community' is Crumbling, AttachMSFT Killed SUSE's Potential (Except as Microsoft Tax)

    Not much too see in the land of SUSE and Attachmate, or formerly the company known as Novell



  16. Links 18/7/2014: Slackware Turns 21, Spotify Switches to Ubuntu

    Links for the day



  17. Links 16/7/2014: Manjaro 0.8.10 Third Update, SIA Migrates to Red Hat

    Links for the day



  18. Microsoft's Latest Round of Massive/Bulk/Large-scale Layoffs

    Microsoft boosters are preparing 'damage control' pieces ahead of massive layoffs at Microsoft



  19. Secrecy Allows British Government to be Manipulated by Microsoft for Spyware Behind Closed Doors

    Dependence on malicious software from NSA ally Microsoft is highly dependent, at least in Britain, on government secrecy and vain refusal to comply with Freedom of Information (FOI) requests



  20. Software Patent Applications Already Being Rejected in the US Owing to SCOTUS Ruling, Some Patent Lawyers Are Fuming

    Good news on the software patents front as the USPTO starts rejecting software patent applications, based on patent lawyers' words



  21. Links 15/7/2014: New Plasma, Google Announces Project Zero

    Links for the day



  22. Interest in Free Software Coverage and 9 Months With Tux Machines

    Thoughts about the level of interest in Free/Open Source software (FOSS) and growth of at least some sites that focus on GNU/Linux



  23. White House Backs Away From Appointing Patents Zealot to Top USPTO Position

    Philip Johnson is no longer poised to become the Director of the USPTO, which is basically an establishment that provides protectionism to primarily US-based corporations



  24. Professor James Bessen Presents the Case Against Software Patents After Important SCOTUS Ruling

    The debate about software patents in the Unites States continues, with academia on one side and greedy patent lawyers on the other



  25. Software Patents Demising in the US as Microsoft Patent Attacks on Android/Linux Suffer a Huge Setback

    M-Cam's assessment of Microsoft's bundle of extortion (using software patents) shows toothlessness, irrespective of the SCOTUS decision to effectively annul "abstract" software patents



  26. Links 13/7/2014: KDE Activity Surge

    Links for the day



  27. Pro-Microsoft Spin in Microsoft-Funded News Networks

    The rogue media (misinformation) campaign of Microsoft benefits from networks which have been paid by Microsoft over the years



  28. Cronyism at Play: European Hostility Towards Free/Libre Software Despite Espionage and Moles

    Europe continues to be held hostage with back doors, lock-in, and massive payments to foreign powers, despite evidence that these powers are destructive and hostile



  29. Wirelessly-Controlled Contraceptives and Other Villainous Bill Gates Initiatives

    Remote controls for people's reproductive systems are now in the making and Bill Gates is a prominent investor in the technology



  30. Links 12/7/2014: CrossOver, New Wine

    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