● 11.01.09

●● Microsoft’s Stephen Elop Scandal Addressed After Harmful September Proxy

Posted in Finance, Microsoft at 4:24 pm by Dr. Roy Schestowitz

Summary: Microsoft President and Microsoft do a little trick and backtrack after backlash from investors

ONE month ago we wrote about the Elop scandal which got Microsoft shareholders furious. Well, Microsoft — probably realising that it had a true scandal in its hands — seems to decided to correct things. Only the Seattle press seems to have covered this though.

Complaints arose after Microsoft disclosed in a September proxy that it took a bath on real estate deals made to recruit Business Division President Stephen Elop. Relocating him to Redmond cost $4.1 million in part because Microsoft covered the loss Elop took when he sold his California home.

Recall the story of Martin Bean. █

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