Bonum Certa Men Certa

Microsoft Banks on Getting Close to Government Officials

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

Recent Techrights' Posts

Forget About India's and Pakistan's Nuclear Weapons and Armament Race, They Need to Abscond Windows and Microsoft (Security Swiss Cheese)
Both countries would be wise to remove Windows as soon as possible, irrespective of the local party politics
statCounter: GNU/Linux Rose From 0.2% to Over 3% in Pakistan
GNU/Linux "proper" (i.e. not ChromeOS) has the lion's share
The "D" in Debian Stands for Dictatorship That Extends to Censorship at DNS Level
Of course the registrar, which charged for domains until 2025, just went along with it
 
Microsoft #1 in Gaming Layoffs, Laid Off Workers Receive Another Insult From Microsoft
Many of them never chose to work for Microsoft
In New Caledonia Windows is Now Below 30% (It Used to be Over 90%)
Microsoft's Windows absolutely collapsing and the measures are relatively stable
Red tape: farmer concerns eerily similar to Debian suicide cluster deaths
Reprinted with permission from Daniel Pocock
Galway street artists support social media concerns
Reprinted with permission from Daniel Pocock
Links 25/05/2024: Section 230 and Right of Publicity Violations by Microsoft (Which Attacks Performance Artists)
Links for the day
[Meme] No Microsoft
For fun!
Microsoft Windows Falls to New Lows in Poland
It may mean people delete Windows from relatively new PC
A 3-Year Campaign to Coerce/Intimidate Us Into Censorship: An Introduction
The campaign of coercion (or worse) started in 2021
Cybersecurity and Infrastructure Security Agency (CISA) Getting Stacked by Microsoft
it lets Microsoft write policies
The Parasitic Nature of Microsoft Contracts
Stop feeding the beast
Gemini Links 25/05/2024: Emacs Windows 2000 Screenshots and Little Languages
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, May 24, 2024
IRC logs for Friday, May 24, 2024
Ireland Exits Microsoft's Vista 11
Microsoft can't be doing too well in Ireland because Microsoft had tons of layoffs in that country last year
A Recognition for Hard Work
Running this site is a lot of work
The Web We Lost...
Vintage War Censorship Poster...
Daniel Pocock (IND) in European Election Debate
In this segment he speaks of the effects of social control media and phones on children
[Meme] Next Target: Sub Domains
Deb.Ian.Community
In Republic of (South) Korea, as of This Month, Android Climbs to Record High of 48%
Judging by statCounter anyway
"Linux" is Second-Class Citizen at IBM
sends the wrong message to Red Hat staff and Red Hat clients
Links 24/05/2024: More Software Patents Invalidated (US), New Fights to Protect Free Speech
Links for the day
"You Touched the Wrong Lady"
What Rianne wrote more than 8 months ago
Links 24/05/2024: Layoffs at LinkedIn and Election Interference Via Social Control Media
Links for the day
Getting a 'Thank You' From Software Freedom Conservancy (SFC) Will Cost You $5,000 to $30,000 (Same as Last Year)
Right now one of their associates (SFC) tries to spend money to censor us
KDE Neon Weirdness
Reprinted with permission from Ryan Farmer
Congratulations to Sirius Open Source, Still Claiming to Employ People Who Left Half a Decade Ago (or More!)
What signal does that send to con men?
[Meme] Bluewashing
Cent OS? No more.
IRC Proceedings: Thursday, May 23, 2024
IRC logs for Thursday, May 23, 2024
Over at Tux Machines...
GNU/Linux news for the past day
Tenfold Increase for ChromeOS+GNU/Linux in Brunei
Brunei Darussalam is a country most people don't know about and never even heard about
Coming Soon: Another Round of 'Cancel Stallman' Chorus
The series required a great deal of patience
Links 23/05/2024: SeekOut Collapsing and Why Microsoft Probably Isn’t Going to Buy Valve
Links for the day
Gemini Links 23/05/2024: The Allure of Vinyl
Links for the day
linuxsecurity.com Still At It! 98% Probability Chatbot Generated, According to GPTZero!
"The Internet is mostly made by AI... but that's ok, it's all being deleted anyway."
Links 23/05/2024: Apple Responds to Streaming Music Fine, DOJ to Sue Live Nation
Links for the day
Links 23/05/2024: UK General Election and Archival
Links for the day
[Video] 3 Major Issues in Nationwide, Including (Potentially) a Major Data Breach
'electronic-bank' security has become the joke of the town
[Meme] Pointing Out Corruption Isn't a "Hate Crime"
The European Commission's reflexive (re)action to any sort of doubt or criticism
More Evidence in "iLearn AI Day" (a Buzzwords Festival) That EPO Intends to Eliminate Staff and Deviate Further Away from Fairness, Law, and Constitutions (Including Its Own!)
The EPO is a very potent danger to Europe's unity and the very concept of lawfulness. It exists to serve international monopolists and patent lawyers.
Microsoft's Windows Has Fallen Below 3% in Democratic Republic of the Congo (100+ Million Citizens)
Microsoft's sharp fall in Congo
The Real Reason Censorship is Attempted Against Us (and Against Others Too)
Microsoft's Windows market monopoly was in trouble
You Are Not The Only One
Reprinted with permission from Cyber Show (C|S)
GNU/Linux in Monaco: From 0.3% to Almost 6%
Monaco is a small country
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, May 22, 2024
IRC logs for Wednesday, May 22, 2024
Microsoft Has Lost Cote D'ivoire (Ivory Coast), Where Android Now Exceeds 60% of the Operating Systems' 'Market Share'
According to statCounter anyway
The Rumour Said Later Today Red Hat (IBM) Might Announce Layoffs
Let's see what happens later today (or next week)
Governments That Fail Journalism
Australia is known for giving us pure garbage like Rupert Murdoch
Windows Has Fallen From 'Grace'
When you tell people that Microsoft watches their every move in Windows many of them will freak out and ask for alternatives