Bonum Certa Men Certa

More Microsoft Staff Quits, Microsoft Shares Fall, Pequot Fraud Revisited (Whistleblower Compensated)

Whistle



Summary: Bad news for Microsoft, ranging from the departure of Rebecca Norlander to a collapse in value and the reminder of further layoffs/offshoring

THIS news is indirectly related to the death of KIN. It helps show just how vulnerable Microsoft really is.



Now that Allard is out [1, 2, 3] his wife is leaving too. She was the online-ads leader, according to the boosters:

Rebecca Norlander, a partner engineering manager with Microsoft's online advertising business, has left the company along with her husband, former Xbox guru J Allard.


Mary Jo Foley wrote about this too:

When I spoke last month with Rebecca Norlander — a high-profile Microsoft exec who had done stints in a variety of business units — she was evaluating her next move inside the company.

[...]

Just before resigning, Norlander was talking about new job possibilities with the Entertainment and Devices unit, among others divisions at Microsoft, she said. She also was having conversations with the SQL Server and Windows teams about potential opportunities.


Only about 3-5 days ago we have been in E-mail contact with a Microsoft veteran (almost 30 years) who was friends with J Allard and Bill Gates. He struggled to explain to us Allard's departure, which some say was a sacking, not a quitting.

Microsoft has lost many executives recently. The leadership is weak and Microsoft implodes from within. "100 Index Posts Record Losing Streak as Microsoft Slumps," said BusinessWeek some days ago:

The measure, which gets 63 percent of its value from computer-related companies such as Microsoft Corp. and Apple Inc., has declined 9.7 percent after slumping 10 consecutive days. Microsoft has tumbled 26 percent since peaking on April 22, while Apple has fallen 9.9 percent in two weeks.


Now is a bad time to be a Microsoft investor, unless one has inside information from Microsoft. Pequot Capital criminally got that privilege [1, 2], which allowed it to fraudulently make money from Microsoft's stock. The SEC's incompetence is now costing people a fortune and one employee gets compensated for an unjust firing. It's a Pequot whistleblower.



From Murdoch's press:

In May, after new information surfaced in a divorce case, Pequot founder Arthur Samberg agreed, without admitting or denying wrongdoing, to pay $28 million to settle allegations he engaged in insider trading of Microsoft stock.


More here:

Last month Pequot, which abruptly went out of business in 2009, agreed to pay $28 million to settle regulators claims that it illegally used inside information to trade Microsoft Corp shares.


It's a sign of rotten systems. Watch how they penalise those who seek justice:

The U.S. Securities and Exchange Commission will pay $755,000 to a former enforcement attorney who said the agency unjustly fired him after he tried to investigate insider-trading allegations involving former Morgan Stanley Chief Executive Officer John Mack.


Speaking of whistleblowers, Microsoft fired a whistleblower for saying the truth and bribed another fired whistleblower to drop allegations of Microsoft fraud. Microsoft is a corrupt company, so it's only its nature to operate in this way. Eric Savitz, one of the key boosters of Microsoft's stock, is still sticking with the same agenda. It would be interesting to know if he has had shares in Microsoft (MSFT).

For those who do not know, Microsoft's divisions are suffering at many levels; allegedly, they still quietly lay employees off (without disclosure). The "KIN" team would be one obvious area.

"Microsoft and Honda executives dole out advice on cutting jobs," says this news headline from the Telegraph. Microsoft must be the expert, having dealt with many larger-scale layoffs recently.

Gordon Frazer, managing director of Microsoft, said: "With hindsight, people understood what was going on long before we made any announcement. The sooner you can tell them 'this is how it is going to affect you and your job', the better."


Microsoft does not have to publicly announce layoffs (not even to shareholders) if the process is slow and gradual and if the jobs are moved to cheaper places, as we shall show later.

Comments

Recent Techrights' Posts

FSFE (Ja, Das Gulag Deutschland) Has Lost Its Tongue
Articles/month
Ian Jackson & Debian reject mediation
Reprinted with permission from disguised.work
How to get selected for Outreachy internships
Reprinted with permission from disguised.work
Red Hat Corporate Communications is "Red" Now
Also notice they offer just two options: MICROSOFT or... MICROSOFT!
Links 26/04/2024: XBox Sales Have Collapsed, Facebook's Shares Collapse Too
Links for the day
 
Almost 2,700 New Posts Since Upgrading to Static Site 7 Months Ago, Still Getting More Productive Over Time
We've come a long way since last autumn
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, April 26, 2024
IRC logs for Friday, April 26, 2024
Overpaid lawyer & Debian miss WIPO deadline
Reprinted with permission from disguised.work
Brian Gupta & Debian: WIPO claim botched, suspended
Reprinted with permission from disguised.work
Microsoft's XBox is Dying (For Second Year in a Row Over 30% Drop in Hardware Sales)
they boast about fake numbers or very deliberately misleading numbers that represent two companies, not one
[Meme] Granting a Million Monopolies in Europe (to Non-European Companies) at Europe's Expense
Financialization of the EPO
Salary Adjustment Procedure at the EPO Challenged
the EPO must properly compensate staff in order to attract and retain suitably skilled examiners
Links 26/04/2024: Surveillance Abundant, Restoring Net Neutrality Rules (US)
Links for the day
Gemini Links 26/04/2024: uConsole and EXWM and stdu 1.0.0
Links for the day
Albanian women, Brazilian women & Debian Outreachy racism under Chris Lamb
Reprinted with permission from disguised.work
Microsoft-Funded 'News' Site: XBox Hardware Revenue Declined by 31%
Ignore the ludicrous media spin
Mark Shuttleworth, Elio Qoshi & Debian/Ubuntu underage girls
Reprinted with permission from disguised.work
Karen Sandler, Outreachy & Debian Money in Albania
Reprinted with permission from disguised.work
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, April 25, 2024
IRC logs for Thursday, April 25, 2024
Links 26/04/2024: Facebook Collapses, Kangaroo Courts for Patents, BlizzCon Canceled Under Microsoft
Links for the day
Gemini Links 26/04/2024: Music, Philosophy, and Socialising
Links for the day
Microsoft Claims "Goodwill" Is an Asset Valued at $119,163,000,000, Cash Decreased From $34,704,000,000 to $19,634,000,000 and Total Liabilities Grew to $231,123,000,000
Earnings Release FY24 Q3
More Microsoft Cuts: Events Canceled, Real Sales Down Sharply
So they will call (or rebrand) everything "AI" or "Azure" or "cloud" while adding revenues from Blizzard to pretend something is growing
CISA Has a Microsoft Conflict of Interest Problem (CISA Cannot Achieve Its Goals, It Protects the Worst Culprit)
people from Microsoft "speaking for" "Open Source" and for "security"
Links 25/04/2024: South Korean Military to Ban iPhone, Armenian Remembrance Day
Links for the day
Gemini Links 25/04/2024: SFTP, VoIP, Streaming, Full-Content Web Feeds, and Gemini Thoughts
Links for the day
Audiocasts/Shows: FLOSS Weekly and mintCast
the latest pair of episodes
[Meme] Arvind Krishna's Business Machines
He is harming Red Hat in a number of ways (he doesn't understand it) and Fedora users are running out of patience (many volunteers quit years ago)
[Video] Debian's Newfound Love of Censorship Has Become a Threat to the Entire Internet
SPI/Debian might end up with rotten tomatoes in the face
Joerg (Ganneff) Jaspert, Dalbergschule Fulda & Debian Death threats
Reprinted with permission from disguised.work
Amber Heard, Junior Female Developers & Debian Embezzlement
Reprinted with permission from disguised.work
[Video] Time to Acknowledge Debian Has a Real Problem and This Problem Needs to be Solved
it would make sense to try to resolve conflicts and issues, not exacerbate these
Daniel Pocock elected on ANZAC Day and anniversary of Easter Rising (FSFE Fellowship)
Reprinted with permission from Daniel Pocock
[Video] IBM's Poor Results Reinforce the Idea of Mass Layoffs on the Way (Just Like at Microsoft)
it seems likely Red Hat layoffs are in the making
Ulrike Uhlig & Debian, the $200,000 woman who quit
Reprinted with permission from disguised.work
IRC Proceedings: Wednesday, April 24, 2024
IRC logs for Wednesday, April 24, 2024
Over at Tux Machines...
GNU/Linux news for the past day