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