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

09.28.09

Microsoft Banks on Getting Close to Government Officials

Posted in Asia, Deception, Finance, Microsoft at 7:34 am by Dr. Roy Schestowitz

Piggy bank and notes

Summary: Microsoft is sniffing a lot around banks and bailout these days; shareholders angry over new scandal

ASIDE from the latest Washington DC PR stunts from Microsoft, there is a lot of interesting news which shows Microsoft getting closer and closer to the banking community. We wrote about Microsoft and M-Com just a few days ago.

Microsoft’s relationship with Citibank is a subject that we covered a year ago when there was obvious Microsoft bias from the bank. Well, guess what? Citigroup, the parent of this bank, wants to compete with a financial news site right now. Conflict of interests? Just pretend it ain’t so. But look at Citibank’s partner for this venture. It’s Microsoft.

Citigroup has formed a venture with Microsoft Corp to compete with Mint.com, the personal-finance website that Intuit Inc agreed to buy last week for $170 million (Dh624 million), people familiar with the matter said.

[...]

After last year’s $45 billion bailout, Pandit may have to justify the cost of each project, said Thomas Noyes, who until 2007 headed Citigroup’s international Internet and mobile-banking businesses.

[...]

Microsoft runs MSN Money, a website that displays stock quotes, offers tools for tracking bank accounts and publishes articles and columns on investments, personal budgeting and credit repair.

This is ridiculous. While not descending to the corruption that led to this whole “bailout” thing (colossal public looting), worth noting here is that it’s ethically wrong for a bank to own, control or even collaborate with news sites that cover its activity.

Remember MSNBC [1, 2]? Remember the Chinese president meeting Bill Gates on a rare visit, as though this is his highest priority (coming before a meeting with the US president)? Watch what the Prime Minister of Kyrgyzstan has planned for his own visit to the United States. The following came up some days ago:

Prime Minister Igor Chudinov is visiting USA, governmental press service reports.

During the visit I. Chudinov will take part in a work the 64th session of UN General Assembly and Climate Change Summit.I. Chudinov will meet with leadership of the State Department, World Bank, IMF, representatives of Microsoft corporation.

Watch this carefully. He meets the government, a large bank, another international bank, and then… Microsoft. Anyone else? No.

He met Microsoft before [1, 2], after his nation had been knocked offline by Windows botnets.

Here again in the news is Microsoft and the Bank of New York cooperating on the management of bailout money (i.e. looting allocations). We saw the accompanying press release last week and here is the Federal Computer Weekly Web site (no relation to the government, never kind the gross Microsoft bias) covering this:

Microsoft and Bank of New York Mellon announced earlier this month that they are working together to help state and local governments meet reporting requirements related to economic stimulus funding.

Why does Microsoft get to manage all this? How does the Microsoft-influenced government feel about it?

All these entanglements are getting problematic. Consider for instance Microsoft's newly-found influence at the FCC and watch this release from Microsoft.

A study commissioned by Microsoft Corp. estimates that the unlicensed “white spaces” spectrum coveted by the software giant and other technology companies could be worth more than $100 billion over the next 15 years.

[...]

The companies were met with stiff resistance from the telecommunications, media and audio technology industries, though the FCC ultimately approved the unlicensed use of the white spaces late last year.

Is Microsoft trying to lobby the FCC to give it a place on the table and greater access to taxpayers’ money? Is that the purpose of Microsoft paying people to conduct a so-called ‘study’? Microsoft does not create white papers for educational purposes; It is not in shareholders’ interest.

Speaking of shareholders’ interest, one shareholder is publicly blasting Microsoft regarding this incident.

If the say-on-pay had been in place, you have to wonder how many investors would vote to spend that kind of money on relocating one executive.

Jackson, who claims to have a “long position in MSFT,” writes:

Microsoft’s Distasteful Plans to Save Us from the Housing Crisis

[...]

This last disclosure came out late Friday in Microsoft’s preliminary proxy.

Michelle studiously noticed that in that same filing, Microsoft disclosed that it may outdo the Fed and the Obama administration in saving the country from the current financial mess. Specifically, they are going to focus on the housing mess and try to stabilize the market one Bay Area executive mansion at a time.

[...]

The reason for this was that Elop apparently couldn’t sell it. Therefore, using bizarre executive comp logic, he hired 3 independent appraisers to peg the value of his home and got Microsoft’s shareholders to pay him that amount for the home. This was all to “induce” him to take the job of heading up Microsoft’s Business Services Division in Redmond. I know it rains more in the winter in Seattle, but that’s quite an “inducement.” I guess the “war for talent” is brutal — even in the biggest recession since the Great Depression.

[...]

If Elop couldn’t sell his house in the Bay Area and he didn’t want to carry the mortgage on it while moving to Seattle, that’s his decision. As a shareholder, I’d say let’s find some other executive who does want this exciting opportunity. Enough with the “that’s what we had to do to get this talent” logic. There are many talented people that would have jumped through hoops for this job.

It’s too bad Elop and Kevin Johnson couldn’t have coordinated their plans to switch jobs at Microsoft and Juniper Networks. They could have saved shareholders a lot of expense by just doing a house swap.

Going back to the FCC, recall what Microsoft’s co-founder Paul Allen is doing with wireless (we wrote about it last week). Allen is still up to mysterious things in his low-profile life:

Microsoft co-founder on secret jaunt to Israel – with 92-meter yacht

Microsoft founder and multi-billionaire Paul G. Allen landed Friday at Ben-Gurion Airport, the day after his 92-meter mega-yacht, Tatoosh, anchored at the Ashdod port – since no regular Israeli marina is large enough to hold the ship, the world’s 26th largest motor yacht. He took a helicopter from the airport to his yacht.

[...]

As to what Allen is doing in Israel – he is considered extremely secretive and has banned journalists from his yacht and covering his visit.

How polite. Secrecy sometimes indicates something illegal/unethical is being done, not necessarily a crime.

“Behind every great fortune there is a crime.”

Honor de Balzac

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

What Else is New


  1. Links 22/7/2016: Wine 1.9.15, KaOS 2016.07 ISO

    Links for the day



  2. Haar Mentioned as Likely Site of Appeal Boards as Their Eradication or Marginalisation Envisioned by UPC Proponent Benoît Battistelli

    Not only the Staff Union of the European Patent Office (SUEPO) is under severe attack and possibly in mortal danger; the increasingly understaffed Boards of Appeal too are coming under attack and may (according to rumours) be sent to Haar, a good distance away from Munich and the airport (half an hour drive), not to mention lack of facilities for visitors from overseas



  3. EPO Attaché Albert Keyack Viewed as Somewhat of a Mole, Reporting From the US Embassy in Brazil Until Shortly Before the Temer Coup

    Public responses to the role played by Albert Keyack on behalf of the United States inside the European [sic] Patent Office



  4. EPO Insiders Explain Why the EPO's Examination Quality Rapidly Declines and Will Get Even Worse Because of Willy Minnoye

    Public comments from anonymous insiders serve to highlight a growing crisis inside the European Patent Office (EPO), where experienced/senior examiners are walking away and leaving an irreplaceable bunch of seats (due to high experience demands)



  5. Patents Roundup: BlackBerry, Huawei, PTAB, GAO, Aggressive Universities With Patents, and Software Patents in Europe

    Various bits and pieces of news regarding patents and their fast-changing nature in the United States nowadays



  6. Glimpse at Patent Systems Across the World: Better Quality Control at the USPTO Post-America Invents Act (2011), Unlike the EPO Post-Battistelli (2010)

    While the EPO reportedly strives to eliminate pendency and appeal windows altogether (rubberstamping being optimal performance as per the yardstick du jour), the USPTO introduces changes that would strengthen the system and shield innovation, not protect the business model of serial litigants



  7. Blockstream Has No Patents, But Pledges Not to Sue Using Patents

    Blockstream says that it comes in peace when it comes to software patents, which triggers speculations about coming Blockchain patent wars



  8. Links 21/7/2016: Ubuntu 16.04.1 LTS, Linux Mint 18 “Sarah” Xfce Beta

    Links for the day



  9. Links 21/7/2016: An Honorary Degree for Alan Cox, Looks Back at DebConf16

    Links for the day



  10. EPO USA: Under Battistelli, the 'European' Patent Office Emulates All the Mistakes of the USPTO

    Conservative Benoît Battistelli is trying to impose on the European Patent Office various truly misguided policies and he viciously attacks anyone or anything that stands in his way, including his formal overseers



  11. Links 19/7/2016: ARM and Opera Buyout

    Links for the day



  12. Large Corporations' Software Patenting Pursuits Carry on in Spite of Patent Trolls That Threaten Small Companies the Most

    With unconvincing excuses such as OIN, large corporations including IBM continue to promote software patents in the United States, even when public officials and USPTO officials work towards ending those



  13. Battistelli Has Implemented De Facto EPO Coup to Remove Oversight, Give Himself Total Power, and Allegedly Give UPC Gifts (Loot) to French Officials

    Benoît Battistelli's agenda at the EPO is anything but beneficial to the EPO and suspicions that Battistelli's overall agenda is transitioning to the UPC to further his goals grow feet



  14. EPO Social [sic] Report is a Big Pile of Lies That Responsible Journalists Must Ignore

    A reminder of where the EPO stands on social issues and why the latest so-called 'social' report is nothing but paid-for propaganda for Battistelli's political ambitions



  15. Links 18/7/2016: Vista 10 a Failure, FreeType 2.7

    Links for the day



  16. Exploiting Perceived Emergencies/Disasters, Suspending the Rule of Law, and Suspending Judges: How Erdoğan is Like Battistelli, Except the Coup

    Pretexts for crackdown on law-abiding people or figureheads who are remote and independent the hallmark not only of Erdoğan but also the EPO's President, Benoit Battistelli



  17. The Impotence of Gene Quinn

    Attacking the enforcer of Alice v CLS because it's doing harm to his source of income, which makes him angry



  18. After the FTI Consulting-EPO Reputation Laundering Deal's Expansion in Germany Süddeutsche Zeitung 'Forgets' That the EPO Even Exists

    Relative apathy if not complete silence regarding the EPO at Süddeutsche Zeitung following reports of FTI Consulting's deal expansion (media positioning in Germany), with hundreds of thousands of Euros (EPO budget) thrown at the controversial task



  19. Benoît Battistelli and Persistratos

    Reminds you of someone?



  20. Whistleblower Protection Desperately Needed at the European Patent Office

    EPO scandals are not publicly accessible or known to many people and not many such scandals are known at all because people are afraid of Battistelli's Fabius Maximus strategies



  21. Microsoft and Its Patent Minions at Nokia Still Have Patent Stacking Ambitions Against Android/Linux OEMs

    Weaponisation of European companies for the sake of artificial elevation of prices (patent taxes) a growing issue for Free/Open Source software (FOSS) and those behind it are circulating money among themselves not for betterment of products but for the crippling of FOSS contenders



  22. [ES] ¿Que si la EPO Bajo Battistelli Se Arruina Sin Posibilidad de Reparación Como la UPC?

    La última evidencia alrededor del hundimiénto de la reputación de la Epo y su calidad de trabajo, así como la caída del sistema que Battistelli trata forzadamente de imponer (una carrera al fondo)



  23. [ES] La EPO de Battistelli, Quién Quiebra la Ley, Subvierte el Curso de la Justicia y Rechaza Obedecer las Ordenes de la Corte Dice lo Impensable en Medio de los Actos de Terror

    Los terribles ataques hace un dia en Francia están siéndo explotados por el caradura de Benoît Battistelli para comedia negra o un verdaderamente absurda afirmación en la sección de “noticias” de la EPO



  24. [ES] La EPO de Battistelli Continúa Cortejando a Officiales de Países Pequeños y su Propaganda de Beneficiar a las “PYMEs de Aquellos Países”

    El caradura de Benoît Battistelli prosigue desfilando en los países pequeños que tienen delegados al Consejo Administrativo (CA) y los explota para propaganda barata, no sólo para que lo apoyen en las reuniónes del CA



  25. Links 17/7/2016: Lithuanian Police Switches to GNU/Linux, Blockchain on LinuxONE

    Links for the day



  26. This is Why Benoît Battistelli Has 0% Approval Rating Among 'His' Staff at the EPO

    The EPO expresses solidarity regarding (mostly) French people but does so only in English as the real purpose is to manipulate the media and justify the EPO's sheer abuses and unprecedented oppression against staff



  27. Law Professors Try to Put an End to Patent Trolls So Patent Trolls-Funded IAM 'Magazine' Complains

    Many professors suggest a method of stopping patent trolls (restrictions on venue shifting), so patent trolls-funded propaganda sites and think tanks strike back and distract even further, putting forth a wish list or a 'reform' that's designed to give them more money and incredibly protectionist power



  28. The Importance of the Patent Trial and Appeal Board (PTAB) and High-Quality Patents (Not Software Patents)

    Strong patents rather than strong patent enforcement (i.e. ease of legal abuse) help discern the difference between successful economies and self-destructive economies



  29. With 'Friends' Like IBM and Its 'Open' Invention Network We Legitimise Software Patents Rather Than End Them

    Another reminder of where IBM stands on patent policy and what this means to those who rely on IBM for sheltering of Free/Open Source software (FOSS) or small businesses (SMEs) in a post-Alice era



  30. Links 15/7/2016: Microsoft Playing Dirty, GNOME Maps Problems

    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