Microsoft CFO leaves for start-up.
Published:
29 December 1999 y., Wednesday
Microsoft chief financial officer Greg Maffei has resigned to become chief executive of Worldwide Fiber, a privately held firm that specializes in building fiber optic networks. The software giant Wednesday said that the resignation is effective Jan. 7 and that Maffei will be replaced by John Connors. Connors has been with the company 11 years and is currently the vice president of the worldwide enterprise group. "Greg_s contributions have been outstanding," Microsoft chief operating officer Bob Herbold said in a statement. "His strong financial management abilities have helped Microsoft_s finance organization to be recognized as world-class." Connors brings a vast range of experience to the position of CFO. In his first year as chief information officer he trimmed $58 million off Microsoft_s technology budget by improving efficiency. He also streamlined how Microsoft
negotiates contracts. Maffei_s resignation was announced on the same day the software giant_s market capitalization surpassed $600 billion. The company_s stock has risen steadily in recent days on optimism over Windows 2000, the company_s new operating system for businesses that will be released next year.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »