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


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. Benoît Battistelli's Office Accused of Institutional Harassment Against EPO Staff in New Letter to the Administrative Council, Calling for External Investigation

    A probe by an external and independent entity is sought with the aim of looking into systematic harassment against EPO employees who simply 'dare' to point out gross violations by their managers; staff protests at EPO headquarters in the Netherlands and Germany are scheduled

  2. Responses to Software Patents in India Though Guidelines for Examination of Computer Related Inventions

    India's famous skills, which revolve around software services and software development, are under attack by new laws which strive to grant foreign corporations de facto monopolies on software, even inside India

  3. Mobile Linux (e.g. Android) Still a Victim of Software Patents, No Peace in Sight

    A look at recent developments in the fight against mobile Linux (notably Android these days) and whoever is behind the patent attacks (not always as obvious as people are led to believe)

  4. Bad News for the EPO's Judicial Independence and Due Process in Next Week's Administrative Council (AC) Meeting

    A quick update about what's expected to happen next week when the Administrative Council holds a two-day meeting

  5. More Back Doors Found in Microsoft's Entrapments (Proprietary Software)

    Security flaws and even blatantly obvious loopholes for surveillance are identified in several of Microsoft's so-called 'products', which turn users (and their data) into the real product (to be sold to private companies or shared with spies)

  6. NASA Gives Back What It Took Away in the Form of Patent Monopolies for Private Gain

    Criticism of NASA's habit of clinging onto patents when it is actually the public which pays for everything

  7. The Coup D'état of Benoît Battistelli Follows an Imperialist Model, Threatens Opposition and Dissent

    SUEPO, the staff union, and boards that are independent from the EPO are both under attack and are constantly threatened by Benoît Battistelli and his goons

  8. Links 8/10/2015: Manjaro Linux Releases, Linksys WRT1900ACS, FOSS at NHS

    Links for the day

  9. Links 8/10/2015: KDE Plasma 5.4.2 Released, Linux Drama Queens

    Links for the day

  10. EPO Staff to Disrupt Administrative Council Meeting With Public Demonstration That Raises Awareness of Abuses

    The perception of collusion between the Administrative Council (AC) and the European Patent Office (EPO) leads to staff actions demanding investigation of illegal Board of Appeal (BoA) suspension/s (among many other things)

  11. OIN Turns 10, IDG Floods the Web With Puff Pieces That 'Normalise' Software Patents

    The Open Invention Network (OIN) commissions or helps produce puff pieces in the corporate media because it has an anniversary and corporate interests to push forth (including the idea that software patents can coexist with Linux)

  12. Hypocrite Forks the Linux Kernel Because of Cultural Characteristics That He Himself is Guilty of

    Forking of Linux is misleadingly reported in the media because of a couple of very loud people, who are not even quitting their jobs

  13. Željko Topić Attacks EPO Staff for 'Daring' to Legally Challenge the EPO's Management Over Its Gross Abuses in Europe

    Benoît Battistelli's right-hand man, Željko Topić, is under the false impression that yet more threats against staff of the EPO will help contain the crisis rather than further inflame it

  14. Media Reports Based on New Patents Suggest That Microsoft Continues to Attack Google and Android/Linux, Trying to Tax and Delete Android

    Reports and patent applications serve to show that Microsoft not only tries to infiltrate ("embrace") Android to put its apps there ("extend") but ultimately to delete ("extinguish") Android

  15. Commenters Provide Possible Explanations for Mr Van der Eijk Being on Unlimited Sick Leave

    Rumours are swirling around Wim Van der Eijk's absence, suggesting that he too may be a victim of Benoît Battistelli's iron fist

  16. Links 6/10/2015: Linux 4.3 RC4, HP OpenSwitch, Wind River Linux 8

    Links for the day

  17. With Software Patents in Europe (and Pushes for the Same Thing in Australia and India) Patent Trolls Now Come to Europe, Attack Android/Linux

    Worst-case scenarios are becoming a reality as Android backers officially attacked by patent trolls using standard-essential patents in London, England

  18. New Information on Limbo in the Enlarged Board, Courtesy of Illegal Actions by the EPO's Benoît Battistelli

    Battistelli's bullying of people whom he is not even allowed to bully turns out to have gone on for a lot longer than promised, and there is no sign of light at the end of this tunnel

  19. Microsoft Customers Complain About 'Inevitable' Vista 10 Because Microsoft Nearly Forces Botched 'Upgrades'

    In a desperate effort to spread Vista 10, sometimes even against people's will, Microsoft really upsets loyal customers, who are eventually eager to explore alternatives

  20. Dr. Ingve Björn Stjerna Explains Why the UPC (“Unitary Patent“ System) is an Undemocratic Sham Whilst UPC Silently Advanced by Patent Lawyers and Politicians

    European patent laws are being covertly overridden so as to allow broader scope of litigation, higher financial damages, speedy injunctions, and even software patents; the European public is intentionally kept in the dark about it, hence kept unable to express scepticism or issue truly effective objections

  21. IRC Proceedings: September 13th, 2015 – October 3rd, 2015

    Many IRC logs

  22. Article Explains Why SUEPO Went Silent Well Over a Week Ago: Nobody is Allowed to Talk to Journalists Without Permission From Battistelli

    More threats from Benoît Battistelli (threats of termination and legal actions on top of it) help hide the abuses of Battistelli and his fellow thugs at the EPO

  23. A Linux World: After Billions of Dollars in Losses Microsoft Changes How It Reports Financial Results

    The abusive monopolist is trying very hard to hide its growing difficulties, especially in an effort to bamboozle non-technical shareholders who cannot understand how Linux has essentially taken over

  24. Microsoft Continues to Extort Linux and Android OEMs Using Software Patents, This Time ASUS (Forced to Pre-Install Microsoft Spyware With OOXML)

    A roundup of news illustrating that Microsoft is still very much in a total war against Android, (mis)using federal regulators and even software patents to get its way

  25. Links 4/10/2015: Linux 4.2.3 , 4.1.10; MPlayer 1.2 released

    Links for the day

  26. Links 2/10/2015: Qubes 3.0, Linux.Wifatch

    Links for the day

  27. Microsoft-Connected Firm Net Applications Used to Mislead About Vista 10 Share and Mock GNU/Linux

    People who are connected to Microsoft (some being former staff) link to a firm that is connected to Microsoft in order to create the illusion that Vista 10 market share grew to 6.63%

  28. Chairman of the Enlarged Board of Appeal (EBoA) and EPO Vice-President of DG3 Suspiciously on Unlimited Sick Leave After Benoît Battistelli's Unprecedented Attacks on Other EBoA Staff

    Rumours suggest that Benoît Battistelli's affairs at the EPO may have something to do with Wim Van der Eijk's longterm absence

  29. Microsoft's Secret Special Relationship With EPO Illustrates Serious Corruption at Microsoft and the EPO

    A big story about the EPO and Microsoft working in a sort of collusion-type setup so as to serve Microsoft's patent agenda, which involves aggression, even against European software that is Free (as in freedom)

  30. Links 1/10/2015: LFS 7.8, Calculate Linux 15 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