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

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 5/12/2020: Debian 10.7, ExTiX 20.12, and Sparky 2020.12 Released

    Links for the day



  2. [Meme] 'Nice' and 'Cool' António Campinos, Now With Extra Sneakers

    António 'Fanta' Campinos sporting new 'EPO Sneakers' in these ‘Pandemic Times’; at least he’s being ‘cool’ while staff is confined/sentenced to live in a shoebox, working 24/7 without holidays under constant surveillance in the bedroom



  3. A Mister António Campinos 'Joins' IAM 'Media' and IAM 'Magazine' (Symptom of Dying Media)

    IAM "Foreword" composed by the EPO; is this journalism or just self-serving propaganda and agenda-steering operations with the veneer of reporting and/or expert advice?



  4. Bringing DRM to GNU/Linux to Attract the Stereotypical 'Gamers'

    With streaming disservices such as Google's Stadia (GNU/Linux-powered, albeit proprietary and spying) and rental-like disservices such as Steam the situation is further complicated for Software Freedom; what can be done? Gamers aren't 'lamers' and attracting them too would be better than leaving them stranded in Windows.



  5. Twitter Will Abandon Older Systems/Geeks on December 15th and Fediverse Rots Away (Pleroma.site and Pleroma.fr Shut Down Without Notice)

    The promises of "social control media" are repeatedly being broken; it's time to focus on simpler and more reliable means of communication (journalism cannot fit into short bursts of text with a fancy GUI)



  6. [Meme] When a European Patent Office President Was There for Only 2 Years (and Some Staff for Over 40 Years)

    The EPO should never have been put at the hands of politicians like António Campinos and Benoît Battistelli (Campinos lacks the experience, but he has the connections)



  7. EPO Call for Strike in 2019

    Staff of the EPO was fed up and extremely annoyed by the "new" and "nicer" President less than a year after he took Battistelli's chair



  8. EPO Management is Lying About the Position of EPO Stakeholders While Compelling Those Stakeholders to Become Accomplices

    With the media colluding (cooperating with EPO management, Team UPC etc. and sometimes just because they occupy this media) and with officials (in Germany, EU etc.) not lifting a finger, it doesn't seem like anyone is willing to hold the EPO accountable for illegal behaviour; even the views of people, both inside and outside the Office, are being publicly distorted, sometimes with help from the media and from sites of the patent litigation 'sector'



  9. A Closer Look at Richard Stallman's Ousters From Inside the Free Software Foundation (Board)

    A devoted reader of Techrights has studied documents submitted by an organisation that claims to speak on behalf of Free software (while its main sponsor is Google and whilst also selling keynote speeches to Microsoft)



  10. IRC Proceedings: Friday, December 04, 2020

    IRC logs for Friday, December 04, 2020



  11. Links 4/12/2020: New Raspberry Pi OS, Tizen OS Dominating TVs, Wine 6.0 RC, Debian 10.7 Ready Later Today, Fedora 33 Elections Concluded, Pacman 6.0 Enters Alpha

    Links for the day



  12. What's GNEW? GNEW's Nice Efforts Welcomed! (The GNEW Manifesto)

    "Dyne.org could be useful," figosdev says. "Denis Roio would be useful. Devuan would not. Dyne.org, it should be noted, was one of the very few organisations that publicly and explicitly defended Stallman when others (like FSFE) attacked."



  13. Software Freedom Conservancy (SFC) is Not About Freedom

    As evidence serves to show, the SFC quit caring about Free-as-in-Freedom-respecting Software a long time ago; it’s about raising money (even from Microsoft) and ‘canceling’ people who actually care about Software Freedom



  14. [Meme] Being Occupied by Microsoft Azure and Windows

    The persistent lying (led by slogans like "Microsoft loves Linux") only ever comes from media moles of Microsoft, who spent decades attacking GNU/Linux, so we know the real sentiments



  15. [Meme] The Master Negotiator

    EPO President António Campinos is the opposite of what his father claimed to be, as EPO staff quickly found out



  16. What Really Happened Last Year When Workers of the European Patent Office, Europe's Second-Largest Institution, Were About to Go on Strike

    The full story of what happened behind the scenes around the time of the call for strike (less than a year after a "new" (recycled) and "better" president had been appointed, perpetuating the same abuses)



  17. Censored EPO Publication: Conflict Resolution Unit (CRU) Unspeakable Because Office Management Buries the Facts

    Another censored (by EPO management) publication, this time about the cover-up of misconduct



  18. IRC Proceedings: Thursday, December 03, 2020

    IRC logs for Thursday, December 03, 2020



  19. Linux Foundation Trolls Its Critics by Forging Metadata in Its Annual Report (Updated)

    The annual report of the so-called 'Linux' Foundation was produced using mythical software (or not)



  20. Links 4/12/2020: Mesa 20.3.0, Manjaro 20.2 Nibia and Budgie 10.5.2

    Links for the day



  21. Censored EPO Publication: Staff Cannot Comment on the Administrative Council's Meetings?

    The suppression of speech in Europe’s second-largest institution should be a cautionary tale or loud alarm to the rest of Europe. Corruption and cover-up have reached the point where mentioning the corruption is its own right a ‘crime’.



  22. Nobody Needs to Write a Text Editor (or Use Geany)

    "If free software really benefits from education, then telling people not to learn more about creating software by working on a simple text editor project makes no sense at all."



  23. [Mail] Reader's Comment on 'Fraudlinger'

    ‘Fraudlinger’ (as our reader calls Margot Fröhlinger) is knowingly lying to Europe, just like the EPO routinely does, both to workers and to the general public/journalists



  24. [Meme] European Patent Office Violates European Laws

    By violating international and European laws the EPO basically tells us what it’s all about (and it has nothing to do with protecting patent law or any law for that matter, not even the EPC)



  25. EPO Management Consciously Breaking European Union Laws: Staff and Stakeholders Subjected to Illegal Tactics and Practices, Now Exam Takers As Well

    The EPO routinely breaks privacy laws, knowing that there’s not even an attempt to enforce the law against the EPO’s dictators; we’ve lost count of the instances/number of privacy scandals at the EPO, but we keep adding more to our list



  26. 'Social Dialogue' at the EPO Broke Down, Team Campinos is Totally Delusional

    Team Campinos is speaking to itself, reaffirming its own decisions, but it's trying to give the impression of consultation with staff; unfortunately for them, staff isn't gullible enough and there's good understanding of the false pretenses



  27. The EPO's 2020 Impaired Vision/ViCo: Imposing Illegal Practices on EPO Stakeholders, Not Only on EPO Staff

    Corruption is contagious; we now see a growing number of EPO stakeholders speaking out against the outrageous attempts by Office management to impose illegal practices on them; they don't wish to participate in any of this



  28. Censored EPO Publication: Evidence That the Censorship of EPO Staff Representation (Central Staff Committee) Started Months After António Campinos Started His Term

    Central Staff Committee representatives explained in very clear terms how Team Campinos (soon 2.5 years in the role) was — and still is — censoring representatives in an attempt to keep staff ignorant, misinformed, and afraid



  29. Guest Post: Helping Roy Delete Debian at Work and Home

    "What we probably don't want to do is continue to support Debian or systemd, if we can help it."



  30. IRC Proceedings: Wednesday, December 02, 2020

    IRC logs for Wednesday, December 02, 2020


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