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

05.10.13

After Paying CFOs to Shut Up About Financial Conduct at Microsoft, Goldman Sachs Person Becomes Next Microsoft CFO

Posted in Finance, Microsoft at 10:27 am by Dr. Roy Schestowitz

“Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers.”

The Economist, 1999

Summary: Fraudulent firm Goldman Sachs is where Microsoft gets its next CFO from (C*O-level master of accounting at the relative young age of 41); reminder of the dark (but censored) history of accounting practices at Microsoft

T

here have been shades of Enron at Microsoft, with whistleblowers already alleging financial fraud at the abusive, dishonest monopolist which employed them. Microsoft paid millions of dollars for such whistleblowers to shut up after they had complained and later Microsoft settled with the prosecutors (another bribe). This has not the hallmark of a company that does remarkably well. In the US, quite famously, large corporations including oil giants are receiving government subsidies (taxpayers’ money or deeper national debt). It is marketed as necessary to protect “national interests” or “national security” (the latter usually applies to surveillance and military force). Remember how Goldman Sachs and other rogue financial firms got bailed out by taxpayers’ money that those taxpayers don’t even have (thus contributing to national debt rather than corporate debt). It’s debt-shifting. Anyway, the point to be made here that a lot of institutionalised corruption is going on, and it is going on unpunished. It’s a systemic issue. The existence of this issue need not be met with disbelief.

“In the US, quite famously, large corporations including oil giants are receiving government subsidies (taxpayers’ money or deeper national debt).”“Microsoft on Wednesday named Amy Hood its new chief financial officer, effective immediately,” says IDG. Watch the urgency: “Hood was promoted from CFO of the Microsoft Business Division (MBD). She replaces outgoing CFO Peter Klein, whom Microsoft would stay at the company through the end of June “to ensure a smooth transition.””

Where did Hood come from? Well, here goes IDG again: “Hood, 41, joined Microsoft’s investor relations team in 2002 after working as an investment banker and capital markets analyst at Goldman Sachs.”

We wrote about Goldman Sachs‘s connections with Microsoft several times before. Remember that Microsoft already bribed Klein and his predecessor [1, 2] (the last two CFOs) to keep silent about what they had seen. iophk, who is older than the new Microsoft CFO, says that Microsoft “ran a loss recently in spite of Enron accounting. Seems to have been going on since 1998″ (he cites The Economist for support).

“It’s noteworthy that Microsoft ran a loss in 1998, but then changed it’s accounting to cover the loss.”
      –iophk
Be sceptical of Microsoft financial figures because we know damn well (it is easily provable) that it lies about software ‘sales’ all the time. Insiders from Microsoft already told the world that Microsoft cheats in its financial reports. Microsoft bribed to silence them all. It’s the usual financial distortion of Microsoft profit reports and information about profits. When it comes to Vista 8, the real numbers are estimated to be just half what Microsoft claims them to be.

“It’s noteworthy that Microsoft ran a loss in 1998, but then changed it’s accounting to cover the loss. Now, even with the new accounting, it’s running a loss that it can’t cover up,” concludes iophk. Yes, Microsoft reported losses.

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 18/12/2014: LinuxQuestions.org Polls, Fedora for POWER

    Links for the day



  2. Links 16/12/2014: Google and ODF, Civilization: Beyond Earth Comes to GNU/Linux

    Links for the day



  3. Bill Gates' Pet Troll Intellectual Ventures is Collapsing as Founder Quits

    Intellectual Ventures founder leaves after an exceptionally large round of layoffs, despite [cref 77299 recent subsidies from Sony and Microsoft]



  4. Keeping Software Patents Out of Europe Following the Demise of Software Patents in the US

    Instability in the EPO seemingly prevents further expansion of patent scope, which is the subject of scrutiny of EPO staff



  5. Links 15/12/2014: OSI 2014 Annual Report, GPLv2 Court Test

    Links for the day



  6. Links 14/12/2014: Calligra 2.9 Beta, Krita 2.9 Beta

    Links for the day



  7. Software Patents Are Dying in the US, But Patent Lawyers Refuse to Admit It

    Patent lawyers continue to distort the reality of software patents' demise in the United States



  8. Links 13/12/2014: Android Wear “Lollipop”, European Commission and FOSS

    Links for the day



  9. Time to Take Microsoft Out of British Aviation Before Planes Crash Into Buildings

    London's mighty Heathrow Airport among those affected by a Microsoft-reliant air traffic control system which is not being able to properly recover from an outage, and not for the first time either



  10. News From France and Germany: Battistelli Under Fire, But Not Fired Yet, Just Firing His Opposition

    The régime headed by Benoît Battistelli and his criminal deputy continues to overthrow or pressure out everyone who is not 'loyal' to the régime



  11. Links 12/12/2014: Linux++, KDE Frameworks 5.5.0, Calligra 2.8.7

    Links for the day



  12. The USPTO is Broken: New Evidence Presented

    The scope of patents, as evidenced by some statistical figures and individual patents, shows that the USPTO is broken and must be reformed or dismantled



  13. US Patent Reform (on Trolls Only) More or Less Buried or Ineffective

    An update on efforts to reform the patent system in the United States, including the possibly imminent appointment of Michelle Lee to USPTO leadership role



  14. Software Patents in Canada Not Dead Yet

    Canada's patent status quo increasingly like that of the United States and Canadian giants like BlackBerry now pose a threat to software developers



  15. Dreaming of a Just Christmas: When a Third of EPO Walks Out to Revolt and European Judges Attack the EPO Over Abuses

    Information about the abuses of Battistelli et al. at the EPO are finally receiving wider coverage and increasing the strain on Battistelli's authoritarian reign



  16. Links 11/12/2014: Red Hat Enterprise Linux 7.1 Beta, Firefox 35 Plans

    Links for the day



  17. Ubuntu Core Announcement is Not About Microsoft and Hosting Ubuntu on Azure is Worse Than Stupid

    The power of media spin makes the idea of hosting Free software under the control of an NSA PRISM and back doors partner seem alluring



  18. France Gets Involved in Battistelli's Abuses in the EPO - Part XII (Updated)

    The EPO scandal has officially spilled over to France, where a French Senator got involved and starts asking serious questions



  19. Rolling of Heads Likely Imminent at EPO

    The European patent system is shaking as management breaks the rules, staff is protesting against the management every week, and charges of corruption resurface



  20. Links 11/12/2014: systemd 218, Empire Total War

    Links for the day



  21. Links 10/12/2014: Fedora 21, Ubuntu Core

    Links for the day



  22. Links 9/12/2014: Fedora 21 and Torture Report Are Out

    Links for the day



  23. Exclusive: The Enlarged Board of Appeal Complains About Battistelli's Corrupt Management to the Administrative Council (Updated)

    Text of the complaint from the Enlarged Board of Appeal (EBoA) reaches Techrights, demonstrating just how rampant the abuse in Battistelli's EPO has become



  24. Protests Against EPO Corruption Approach 1,000 in Attendance

    EPO staff at all levels is revolting against the management of the EPO, whose dismissal seems to be only a matter of time



  25. Links 9/12/2014: Greg Kroah-Hartman Interview, Fedora 21 Imminent

    Links for the day



  26. EPO Staff Protests Today and Protested Last Week, Targeting Corruption in the Institution

    PO staff is demonstrating against abuse by the management of the EPO, today we well as in prior days



  27. Links 7/12/2014: New Linux Release, Marines and Prisoners on GNU/Linux

    Links for the day



  28. EPO Scandal: Benoît Battistelli's Arrogance Recognised by European Delegations

    Battistelli’s Nixon moment and the evasive nature of his approach towards external delegations that are troubled by his behaviour



  29. CBS Brushing Aside and Away Microsoft's History of Blackmail and Bribes Against Linux

    Putting in context some of the poor reporting (or whitewash) regarding Microsoft's bribe (disguised as "partnership") to Barnes & Noble



  30. Links 7/12/2014: Typhoon Hagupit, AURORAGOLD

    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