09.28.09

Gemini version available ♊︎

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 in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

DecorWhat Else is New


  1. Links 29/11/2021: Linux 5.16 RC3 and Lots of Patent Catch-up

    Links for the day



  2. By 2022 0% of 'News' Coverage About Patents Will Be Actual Journalism (Patent Litigation Sector Has Hijacked the World Wide Web to Disseminate Self-Promotional Misinformation)

    Finding news about the EPO is almost impossible because today’s so-called ‘news’ sites are in the pockets of Benoît Battistelli, António Campinos, and their cohorts who turned the EPO into a hub of litigation, not science; this is part of an international (worldwide) problem because financial resources for journalism have run out, and so the vacuum is filled/replaced almost entirely by Public Relations (PR) and marketing



  3. Trying to Appease Those Who Never Liked Free Software or Those Who Blindly Loved All Patent Monopolies to Begin With

    It’s crystal clear that trying to appease everyone, all the time, is impossible; in the case of the EPO, for example, we hope that exposing Team Battistelli/Campinos helps raise awareness of the harms of patent maximalism, and when speaking about Free software — whilst occasionally bashing the alternatives (proprietary) — we hope to convince more people to join the “Good Fight”



  4. Links 28/11/2021: Laravel 8.73 Released, GitHub Offline for Hours

    Links for the day



  5. IRC Proceedings: Saturday, November 27, 2021

    IRC logs for Saturday, November 27, 2021



  6. Links 27/11/2021: Nvidia’s DLSS Hype and Why GNU/Linux Matters

    Links for the day



  7. [Meme] Linus Gabriel Sebastian Takes GNU/Linux for a (Tail)'Spin'

    If you’re trying to prove that GNU/Linux is NOT Windows, then “haha! Well done…”



  8. GNU/Linux is for Freedom and It'll Gain Many Users When (or Where) People Understand What Software (or Computing) Freedom Means

    Software that respects people's freedom (and by extension privacy as well) is an alluring proposition; those who choose to try GNU/Linux for the wrong reasons are likely the wrong target audience for advocates



  9. Amid Reports of Microsoft's Competition Crimes in Europe...

    European companies are complaining, but they seem to overlook the principal aspect of an imperialistic system with bottomless pockets (almost 30 trillion dollars in debt already; US national debt soared again last month); Microsoft is shielded by a political system with military (“defence”) as bailout budget to help cushion international expansion for data grab and technical leverage, as we've seen in the case of EPO (this is all political, not technical, and should thus be treated as a political/corruption issue)



  10. Is Linus Trolling the GNU/Linux Community?

    This new video responds to what many sites have been provoked into amplifying



  11. Links 27/11/2021: Tux Paint 0.9.27 and SeaMonkey 1.1.19 in EasyOS

    Links for the day



  12. [Meme] Keeping Our Distance From Microsoft

    The OSI is the dagger, the Linux Foundation is the knife, and many others are the sword by which Microsoft tries to get into the very heart of GNU/Linux and extinguish the Free software movement



  13. Microsoft Edge Encourages Indebted Americans to Guilt-spend Just in Time for Christmas

    Guest post by Ryan, reprinted with permission



  14. IRC Proceedings: Friday, November 26, 2021

    IRC logs for Friday, November 26, 2021



  15. 38+ Years of GNU and 19+ Years of FSF Associate Membership

    “On November 25, 2002,” Wikipedia notes, “the FSF launched the FSF Associate Membership program for individuals.” As the above video points out, it all started almost 40 years ago.



  16. Gemini as a Platform for Gamers

    Contrary to what people often assume (or are led to assume), even without client-side scripting Gemini can accomplish a great deal; early adopters, many of whom are technical, test the limits of the very minimalistic (by design and intention) specification



  17. Improved Workflows: Achievement Unlocked

    Today we've completed a bunch of small projects that can make us more efficient (e.g. more Daily Links per day, more articles); the above video was recorded many hours ago to accompany the outline below



  18. Links 26/11/2021: New Complaint About Microsoft Competition Crimes in Europe, EuroLinux 8.5, GhostBSD 21.11.24, and Kiwi TCMS 10.5 Released

    Links for the day



  19. Links 26/11/2021: F35 Elections, Whonix 16.0.3.7, OSMC's November Refresh With Kodi 19.3

    Links for the day



  20. IRC Proceedings: Thursday, November 25, 2021

    IRC logs for Thursday, November 25, 2021



  21. IRC Proceedings: Wednesday, November 24, 2021

    IRC logs for Wednesday, November 24, 2021



  22. Links 25/11/2021: PHP 8.1.0 Released and Linux 5.15.5

    Links for the day



  23. IBM as Master of Hypocrisy

    Free software projects and Free software developers have long been humiliated by corporations of Western misogynists, falsely claiming that the Free software community isn’t inclusive enough (these are shameless projection tactics; as a matter of public record, the exact opposite is true) and even the eradication of supposedly offensive language isn’t something IBM takes seriously



  24. Links 25/11/2021: LibreOffice 7.2.3 and Mesa 21.2.6 Released

    Links for the day



  25. [Meme] So Desperate That Edge Cannot Even Exceed 4% That They Block Rival Web Browsers

    Linux/Android/Free Software/GNU (they go by very many names/brands) may continue to grow to the point where Windows is as irrelevant as Blackberry; this means that Microsoft’s grip on the Web too has slipped — to the point where Microsoft frantically uses 'bailout' money to hijack LinkedIn, GitHub, etc. (it also rebrands almost everything as "Azure" or clown to fake a perception of growth)



  26. Windows Vista Service Pack 11 (Vista 11) Has Failed to Curb the Growth of GNU/Linux

    Windows market share continues to decrease in spite of billions of dollars spent bribing the media for fake hype, especially in light of a new Windows Service Pack (SP), Vista SP 11



  27. Links 25/11/2021: Proton 6.3-8 and Linux Mint Compared to Ubuntu

    Links for the day



  28. 3.5 Years Later the 'Master' of Fedora is Still Microsoft and IBM Cannot Be Bothered to Alter Git Branch Names (Refuting or Ignoring Its Very Own Directive About Supposedly Racially-Insensitive Terms)

    Today we demonstrate the hypocrisy of IBM; years after telling us that we should shun the term "master" and repeatedly insisting it had a racist connotation at least 65 Fedora repositories, still controlled by Microsoft, still use "master"



  29. Changing the Arrangement While News is a Bit Slow(er)

    I've made it easier for myself to keep abreast of things like IRC channels and networks (incidentally, a day ago Freenode reopened to anonymous logins) and I've improved monitoring of the Web sites, Gemini capsule etc. (this video is unplanned and improvised)



  30. Links 24/11/2021: Alpine Linux 3.15 and Endless OS 4.0 Released

    Links for the day


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

Recent Posts