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Businesses Microsoft The Almighty Buck

Microsoft CFO Quits 295

McGruber writes "NBC News is reporting that Microsoft's Chief Financial Officer Peter Klein is leaving the company to spend time with his extended family, as Microsoft 'struggles with sharply declining personal computer sales and a lukewarm reception for its new Windows 8 operating system.' Klein is the latest in a line of top-level executives to leave the company, following Windows head Steven Sinofsky last November."
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Microsoft CFO Quits

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  • Come on CEO... (Score:5, Insightful)

    by Anonymous Coward on Monday April 22, 2013 @04:07AM (#43513845)

    do the right thing.

    • Re:Come on CEO... (Score:4, Informative)

      by Anonymous Coward on Monday April 22, 2013 @04:12AM (#43513851)

      Yep, Balmer is definitely the problem.

      • Re:Come on CEO... (Score:5, Insightful)

        by Taco Cowboy ( 5327 ) on Monday April 22, 2013 @04:51AM (#43513953) Journal

        Ballmer is not the problem --- that guy is only PART of a very BIG problem

        • Re:Come on CEO... (Score:5, Insightful)

          by poetmatt ( 793785 ) on Monday April 22, 2013 @06:04AM (#43514155) Journal

          he represents the problem, and he's also responsible for the company *as* CEO. So either he fixes the problem or he is the problem.

        • Re:Come on CEO... (Score:5, Insightful)

          by Anonymous Coward on Monday April 22, 2013 @06:06AM (#43514165)

          Have you ever SEEN Ballmer? I have talked to him in person once and have seen a talk (incoherent rant) by him once. He is the bigges problem they have at MS. They have others but he is by far the biggest. He has the same reality distortion field Jobs had, but it affects only him.

          • by VortexCortex ( 1117377 ) <VortexCortex@[ ] ... m ['pro' in gap]> on Monday April 22, 2013 @06:53AM (#43514357)

            Have you ever SEEN Ballmer? I have talked to him in person once and have seen a talk (incoherent rant) by him once. He is the bigges problem they have at MS. They have others but he is by far the biggest. He has the same reality distortion field Jobs had, but it affects only him.

            Hmm, sounds like he's such an ass that instead of a distortion field he's become large and dense enough to collapse into a singularity.

            Interestingly, it seems something like Hawking radiation is occurring at the edge of the singularity's influence: The Chief Officers begin radiating away from the company's event horizon giving one reason to those on the outside, while the actual reasons for departure fall back inward toward the singularity.

            If only there were a name for such phenomena where you become so dense and toxic that no intelligible thoughts escape you and everything within your reach turns to crap -- Sort of like a social version of a blackhole... hmm. Any ideas?

            • by Talderas ( 1212466 ) on Monday April 22, 2013 @07:00AM (#43514379)

              If only there were a name for such phenomena where you become so dense and toxic that no intelligible thoughts escape you and everything within your reach turns to crap -- Sort of like a social version of a blackhole... hmm. Any ideas?

              Politician.

        • Re:Come on CEO... (Score:5, Interesting)

          by Ironhandx ( 1762146 ) on Monday April 22, 2013 @06:11AM (#43514199)

          Fixing a problem as large as the one at microsoft is a top-down job. You absolutely require a new CEO to fix it. Therefore stating that Ballmer is by far their largest problem is entirely accurate.

        • by DarkOx ( 621550 )

          yes and that PART would be the BIG part.

        • Comment removed (Score:5, Interesting)

          by account_deleted ( 4530225 ) on Monday April 22, 2013 @10:30AM (#43515793)
          Comment removed based on user account deletion
      • by Anonymous Coward on Monday April 22, 2013 @06:28AM (#43514259)

        My company supplies office furniture to Microsoft - like chairs - and ...and ...and... Balmer is NOT the problem. No Sir!

      • Re:Come on CEO... (Score:5, Informative)

        by rudy_wayne ( 414635 ) on Monday April 22, 2013 @06:57AM (#43514365)

        Yep, Balmer is definitely the problem.

        Ever wonder how Steve Ballmer keeps his job. Well, here it is:

        Bill Gates is Chairman of Microsoft's Board of Directors and Microsoft's largest stockholder

        Steve Ballmer was best man at Bill Gates' wedding.

        • by CanEHdian ( 1098955 ) on Monday April 22, 2013 @10:04AM (#43515561)

          Bill Gates is Chairman of Microsoft's Board of Directors and Microsoft's largest stockholder

          The solution is obvious. Gates needs to retire. I, for one, would say that Steve Ballmer has "Chair-man" written all over him.

          Mark Zuckerberg should be hired as the new CEO. One new project will be Microsoft ofFACE - the ultimate social office experience.

          Peter changed his status to: "Going home sick (wink wink)"
          Janice added "Sales Forecast 2016" to PowerPoint Gallery
          John is writing: "Peter termination letter.docx".

      • by gtall ( 79522 ) on Monday April 22, 2013 @07:29AM (#43514517)

        Nah, Ballmer's doing to MS exactly like some of us would like to do to MS. MS deserves Ballmer.

    • Re:Come on CEO... (Score:5, Insightful)

      by peragrin ( 659227 ) on Monday April 22, 2013 @05:15AM (#43514015)

      why? I think Ballmer is doing a fantastic job and he should keep up the hard chair throwing work.

      Because for every chair thrown another bad quarter for MSFT happens.

      • Re:Come on CEO... (Score:5, Insightful)

        by nojayuk ( 567177 ) on Monday April 22, 2013 @07:59AM (#43514669)

        Steve Ballmer has been in a senior position at MicroSoft for about thirty years now, unlike the typical bungee boss CEOs and board members of various other high-tech corporations such as HP (remember Carly?). During the time he's been working there MS total turnover has been about half a trillion bucks. I'd say US high-tech businesses could use some more chair-throwers like Ballmer and fewer wily super-geniuses like Fiorina.

  • by Sadsfae ( 242195 ) on Monday April 22, 2013 @04:12AM (#43513853) Homepage

    It'd be bigger news if he quit for another company, while Microsoft is on the decline it's going to be a very slow death spread across
    a decade or two. They've still got considerable assets which will take a long time to bleed out.
    http://finance.yahoo.com/q/bs?s=msft+balance+sheet&annual [yahoo.com]

    • Re: (Score:2, Insightful)

      by Anonymous Coward
      not to mention the actual financial news this quarter was actually very good for them as it was an INCREASE not a decline.
      • Re: (Score:3, Interesting)

        by Anonymous Coward

        not to mention the actual financial news prepared by the CFO who just quit this quarter was actually very good for them

        Creative accountants are always wise to move on before the product of their creativity is revealed in all its glory.

      • Re: (Score:3, Informative)

        Really:

        "Q3 2013: the company is reporting $20.49 billion in revenue, lower than what it saw during the holidays, and an equally soft $6.06 billion in profit that dipped below both the previous quarter and the same period last year." http://www.engadget.com/2013/04/18/microsoft-posts-q3-2013-earnings/ [engadget.com]

        Keep smoking that microsoft crack...
    • Re: (Score:3, Interesting)

      by Joce640k ( 829181 )

      They've still got considerable assets which will take a long time to bleed out.

      They basically get money for every PC sold. How is that an unhealthy situation?

      People haven't rushed out in droves to replace their perfectly good PCs because of Windows 8. Tech mags love to make headlines out of that but it doesn't mean Microsoft is in trouble.

      • by ozmanjusri ( 601766 ) <.moc.liamtoh. .ta. .bob_eissua.> on Monday April 22, 2013 @05:28AM (#43514055) Journal

        How is that an unhealthy situation?

        Because partners who've been closely tied to their success are now looking at alternatives.

        "Vendors in China have revealed the Intel has begun to promote Android based convertible tablet/notebooks. Intel is concerned that Windows 8 has been unable to stimulate global demand for notebooks, and since global sales of Android tablets have been increasing, they are looking at reducing their reliance on the Microsoft OS.

        China-based vendor Lenovo will be first to release Intel driven Android systems in May, while Hewlett-Packard (HP), Toshiba, Acer and Asustek Computer will launch theirs in the third quarter."

        http://www.digitimes.com/news/a20130419PD208.html [digitimes.com]

        • Microsoft get paid either way given that they have patents that Android supposedly infringes.

          • by Nerdfest ( 867930 ) on Monday April 22, 2013 @06:41AM (#43514307)

            Yes, because if there's one thing Chinese companies respect, it's patents.

            • I'd imagine that Lenovo, HP, Toshiba, Acer and Asus all respect patents.

              • THey respect the laws of the land that they do business in. That means in China patents laws are not the same as in the US. That means that the feeble patents that MS and Apple are using against open source software may not work in China. Likewise. In the US they respect "we own all your code patents" And so with that, when they do business in the US they have to deal with the MS and the Apple and their "We own all your code" patents. That's just the rules to the road. The patents are invalid in China.
                • I'd imagine that Lenovo, HP, Toshiba, Acer and Asus all respect patents when trying to sell their products in any country where patents are respected i.e. pretty much everywhere they want to sell stuff.

          • by am 2k ( 217885 )

            I imagine that it's way less, though.

          • by div_2n ( 525075 )

            Patent royalties cannot sustain a company the size of Microsoft. Even if it could, patents DO expire ...

      • by erroneus ( 253617 ) on Monday April 22, 2013 @07:06AM (#43514391) Homepage

        Unhealthy... where to begin?!

        Sure, it's a nice arrangement when the success of the PC industry is the success of Microsoft. But how healthy is it when the failure of Microsoft is the death of the PC industry??? The influence that a software maker has over the hardware industries is VERY unhealthy.

    • I'm sure many people would have said similar things about RIM and Nokia. Look at them now.

    • you'd be surprised how fast a company can go out of business when the decline has been going on for 5 years already.

    • by Dr Max ( 1696200 )
      and it's hardly the same as Steven Sinofsky leaving, because he was basically kicked out after windows 8.
    • by tgd ( 2822 )

      It'd be bigger news if he quit for another company, while Microsoft is on the decline it's going to be a very slow death spread across
      a decade or two. They've still got considerable assets which will take a long time to bleed out.
      http://finance.yahoo.com/q/bs?s=msft+balance+sheet&annual [yahoo.com]

      Its also a carefully changed edit to the original quote which was either done or ignored by Slashdot's editors deliberately to fan the anti-MS flames here, or their incompetence let through.

      The words of the quote are verbatim from the article, however the quote about Microsoft's market share was *not* quoted in the original article. The Slashdot "edit" of putting quotes around it makes it sound like a quote from Peter Klein or Microsoft, whereas its actually a quote from whoever wrote the article at Yahoo.

  • by mobby_6kl ( 668092 ) on Monday April 22, 2013 @04:16AM (#43513857)

    Ah, yes, Microsoft is in deep shit now [arstechnica.com], what with the record revenue and what not. No wonder the CFO ran away. 2013 is going to be the year of Linux on the desktop, all hail RMS!

    • by bloodhawk ( 813939 ) on Monday April 22, 2013 @04:20AM (#43513875)

      Ah, yes, Microsoft is in deep shit now [arstechnica.com], what with the record revenue and what not. No wonder the CFO ran away. 2013 is going to be the year of Linux on the desktop, all hail RMS!

      And you expected something different here? Microsoft's latest numbers are actually astoundingly good, better than even most of the optimists predicted. They speak of a very healthy company, not one in decline at all.

      • Micro$oft (Score:5, Interesting)

        by tuppe666 ( 904118 ) on Monday April 22, 2013 @04:56AM (#43513973)

        And you expected something different here? Microsoft's latest numbers are actually astoundingly good, better than even most of the optimists predicted. They speak of a very healthy company, not one in decline at all.

        Microsoft s numbers were *always* very good,, they deserve a $ on their name. 75% Gross profit margin is amazing, but that's not really the news here, because that is consistent. The news is that even with its primary product (Windows) taking a deserved beating they have made the difference up elsewhere (Servers; Gaming...well Live and Cloud...well Office).

        The original poster I suspect was being a little sarcastic, but the Irony is not lost on me. From a financial point of view. Microsoft more diversified product line has saved it in the short term financially, but from where RMS and the rest of us look...Windows has proved to be a trainwreck, and Microsoft is weaker as a monopoly. Its high fives all around.

        • Re:Micro$oft (Score:5, Insightful)

          by devent ( 1627873 ) on Monday April 22, 2013 @08:20AM (#43514801) Homepage

          I can agree to that. I don't really care if Microsoft can create record profits. I do care that I can install Linux now on almost every hardware and it will work. I do care about LibreOffice and open standards so that I can exchange documents freely. I do care about an open web.

          With this for me important aspects of the software industry increasing year after year I couldn't be happier. 15 years ego it was all looking very dim for open source software and free standards. 15 years ego if you didn't used Windows you couldn't do any work and the IE and Microsoft Word and Excel was the "standard".

          So yes, high fives everyone.

      • Re: (Score:3, Funny)

        by Leejjon ( 2342476 )
        Yeah they received more money from licensing Android patents than ever before!
      • by delt0r ( 999393 ) on Monday April 22, 2013 @06:33AM (#43514277)
        They still have more than 80% of the desktop market. Doing poorly is means truckloads of money. I can't see MS going anywhere soon.

        Half the problem is stock market expectations. You can't just do well, you must do better than last year. And not just better but the improvement has to be more than the previous year. Its hard to do that when you have pretty much already sold your product to everyone that has a computer.

        As a good economist once said, "Humans don't understand exponential curves".
        • by dingen ( 958134 )

          They still have more than 80% of the desktop market. Doing poorly is means truckloads of money. I can't see MS going anywhere soon.

          They actually have more than 90% of the desktop market. The problem is not that someone is threatening them in that market, the problem is that the market as a whole is starting to collapse and Microsoft doesn't have a foot in the door in the booming markets.

        • THalf the problem is stock market expectations. You can't just do well, you must do better than last year. And not just better but the improvement has to be more than the previous year. Its hard to do that when you have pretty much already sold your product to everyone that has a computer. .

          The stock market is a BIG part of the problem. Look at Apple. Their products are selling really well. iPads and iPhones and iWhatevers by the millions. And Macs are more popular than ever. And yet, since Tim Cook took over as CEO, Apple's stock price has dropped 50%..

          Several years ago I worked for a company that reported record profits for 6 consecutive quarters. What happened? The stock price went down 25%..

    • by div_2n ( 525075 ) on Monday April 22, 2013 @07:57AM (#43514659)

      Results posted today reflect realities from a bit back in history. The shift away from laptops and desktops is ramping up extremely quickly. I'm not sure I've ever witnessed such a rapid shift in the marketplace. The closest I can think of might be the migration away from IE and that took several years really.

      As an example, within the last week I've had conversations with two family members due new central computing devices. One is looking at a device like the Galaxy Note II as their primary computing device and the other is looking at a tablet. Both female. One 30ish and the other 60ish in age. Neither techies. All family members asking tech questions now are either phone or tablet related. None are asking about laptops or computers. It was exactly reverse a year ago.

      Do my family members make a trend? No. But the sales figures are showing a HUGE shift like I'm seeing.

      There's another trend emerging that is going to hit Microsoft really hard sooner or later that dovetails on the post-PC trend -- BYOD in companies. There are an increasing number of employees for whom tablets are just fine as their primary computing device. Basic productivity software such as Google Apps are just fine for their simple needs.

      It's important to note that Windows 8 was Microsoft's first effort to insulate themselves from this trend. So far, their effort has been mostly a flop. Unless they really right the ship with Windows 9, they will shift from market dominance to just another vendor. And while this will be painful for MS employees and shareholders, it will be great for consumers.

      • > Unless they really right the ship with Windows 9

        (...) So far, their effort has been mostly a flop. Unless they really right the ship with Windows 9 by giving us back Aero Glass, or raise the bar several notches and give us Aero Glass Dynamically-Translucent Rotating Cube, with support for LCD touchpad [which defaults to a normal desktop experience unless you feel like slumming with phone/tablet apps, and simultaneously has sufficiently-high 'wow!' factor that doesn't interfere with usability AND gives

  • Well, I guess we all wish the guy the best, and hope he enjoys time with his family.
    I assume he has enough cash to do so; lucky for him.

    Whilst a couple of high-level departures are hardly the "beginning of the end", (and financial people are easier to replace than tech gurus), I was thinking on a broader level here. If you were a senior exec, or a young graduate, where would you rather work. Google or Microsoft?

  • It was news last week. How old does that make it in internet time?

    • With a 5 digit UID, I'm surprised you're asking. /. has been recycling old news - often more than once - for the past 15 years. It's not even annoying, it's a feature: this place wouldn't be what it is with fresh news, or without people who complain about the news not being fresh. It's a sort of tradition here, I'd be sad to see it go personally.

  • Why? (Score:5, Insightful)

    by Pino Grigio ( 2232472 ) on Monday April 22, 2013 @04:48AM (#43513945)
    It's a mystery to me why extremely rich men like Balmer continue with the daily drudgery of running a business like Microsoft. Personally I'd buy a huge yacht (inc. surface to air missiles) and sail around the world with a harem of supermodel concubines. For the rest of my natural life...
    • Re:Why? (Score:5, Insightful)

      by robnelle ( 541339 ) on Monday April 22, 2013 @04:55AM (#43513959)

      It's a mystery to me why extremely rich men like Balmer continue with the daily drudgery of running a business like Microsoft. Personally I'd buy a huge yacht (inc. surface to air missiles) and sail around the world with a harem of supermodel concubines. For the rest of my natural life...

      For some people it's not necessarily about just the money, it's about the power. Controlling one of the biggest and most ubiquitous companies in the world = a lot of power.

    • Re:Why? (Score:5, Interesting)

      by c ( 8461 ) <beauregardcp@gmail.com> on Monday April 22, 2013 @05:55AM (#43514127)

      Personally I'd buy a huge yacht (inc. surface to air missiles) and sail around the world with a harem of supermodel concubines. For the rest of my natural life...

      Ah, the John McAfee package. Seems to be popular with the techie crowd. We're also having a special this week on the Kim Dotcom plan, if you're interested?

      Ah... anyhow, there's probably a reason that these people are extremely rich and you're not. Luck is obviously a factor, but it takes a certain kind of drive to keep playing the game well after you need to.

      • Personally I'd buy a huge yacht (inc. surface to air missiles) and sail around the world with a harem of supermodel concubines. For the rest of my natural life...

        Ah, the John McAfee package. Seems to be popular with the techie crowd. We're also having a special this week on the Kim Dotcom plan, if you're interested?

        Ah... anyhow, there's probably a reason that these people are extremely rich and you're not. Luck is obviously a factor, but it takes a certain kind of drive to keep playing the game well after you need to.

        Indeed. Still, a shame. Reminds me of George Best:

        "I spent a lot of money on booze, birds and fast cars. The rest I just squandered."

    • Don't you think cruising the world on a mega-yacht filled with every toy imaginable and with a harem of beautiful women would pall after a while? Errr actually no, you're good.
    • Should some cool guy like John Carmack quit making games at the point he has secured enough millions to live a life where "quattro stagioni or frutti di mare" is the most important question of the day?
    • by devent ( 1627873 )

      For the same reason that the whole premise of capitalism is false: humans are not just driven by greed, or that greed is the most important factor for humans. Humans have very diverse ideas of happiness and fulfilment. Some want to have an easy life with a huge yacht (like you?); some want just do what they are good at (like me); and some want to run a big cooperation. That is also why you don't see any correlation in CEO salary and bonuses and company success.

  • by tuppe666 ( 904118 ) on Monday April 22, 2013 @05:56AM (#43514129)

    Microsoft is a failure in the mobile sector, and you cannot help but notice that Microsoft is *Still* making a 75% gross profit margin, you have to think that perhaps Microsoft might be better competing on price. "Microsoft Windows 8 Professional" from Amazon would cost me $175 the same as the new HP slate. I only list Amazon because its pretty hard to find full(not upgrade) editions of Windows OS.

    • IF Microsoft was just Windows and Word/Office then the call of their demise would be appropriate. IF they were only tied to desktop/laptop machines, then they would be in a world of hurt.

      MS will be the King of the desktop all the way down to the time the last desktop is sold. That will be the end of Windows and maybe Office, but it won't be the end of MS.

      MS's monopoly will continue to weaken, but with Billions in the bank and more in assets the Company will persist - barring any illegal activities.

      However
      • IF Microsoft was just Windows and Word/Office then the call of their demise would be appropriate. IF they were only tied to desktop/laptop machines, then they would be in a world of hurt.

        I'm not sure what relevance is to my post, but I don't predict the demise of Microsoft any time soon..In fact I don't even mention anything like it. Microsoft still takes the vast majority of revenue from Office/Windows, and that is not going to change because they make a few dollars on the side from a dying console, or chat....or Windows compatible server products.. Now your point about Microsoft being the king of Desktops is not true since Windows is now a Tablet OS. It simply has the greatest compatibili

  • Chief psychotic warlord among lesser warlords who, once they're done stealing whatever they can steal, leave under threat of death. Eventually MS will implode.

  • Orderly succession (Score:5, Insightful)

    by MrMickS ( 568778 ) on Monday April 22, 2013 @06:38AM (#43514295) Homepage Journal

    There's nothing really to see here. He's been CFO for over three years, been at the company for much longer. Why not cash in on his various options and enjoy his life?

    The doom and gloom about Microsoft on here is all wishful thinking. PC Windows is on a decline in the marketplace and has been since the the iPhone/iPad changed the game. Android has accelerated this by making smart touch devices available at a lower price point. Microsoft are aware of this, the speed of change has caught them out and they are going to stumble a little before they make the right move.

    In the long run Office will survive because its a standard, nothing else can claim this. Office 365 gives them the ability to make money from Office without owning the OS. This is the future of Microsoft. Google may have been doing this longer but Office is Office.

    Cloud computing/storage is going to be a big money earner going forward. Microsoft have positioned themselves for this. Going forward they would rather provide Windows servers using Azure than sell the OS. As unit sales of Windows server decline, look to Microsoft aggressively market and price Azure as an alternative. Especially in the SME space. Why run your own servers when you can get a reliable DR capable cloud solution from Microsoft. This is where the market is heading.

    Xbox Live. The next Xbox is going to be a money earner. They are currently making money with the current service. The new one should come in at a reasonable price and allow them to continue this. It will also leverage cloud based services.

    Consumer Windows is the bad news. This will move to become a phone/tablet OS which is where the consumer market is going. The chances are that they will come good, they have a lot of smart people working there.

    Oh, and before the accusations start I'm not a Microsoft shill. I've never bought a computer that runs Windows. I just like to look at things a little more realistically. I still expect to get modded down because that's what happens on Slashdot.

    • Well you certainly know the Slashdot crowd well enough to know that when you add a little blurb about expecting to be modded down, it actually gives you a much better chance at being modded up.

      Of course, because of the typical behavior of Slashdot mods, I expect to be modded down for pointing this out.
    • The doom and gloom about Microsoft on here is all wishful thinking. PC Windows is on a decline in the marketplace and has been since the the iPhone/iPad changed the game.

      See, the thing is, most people here don't really want Microsoft to fail. Well, maybe a little bit, but that's not the point. They want Windows to fail. Windows is the monopoly OS that's created a de facto closed standard. Windows is the reason (especially with OSX and its BSD roots) that programs and games aren't made with Linux compatibility.

      Office? Only care about that insofar as it reinforces the desktop OS monopoly. XBox? Many people here actually like the XBox. Cloud services? Unless you're unfortunate

    • by Attila Dimedici ( 1036002 ) on Monday April 22, 2013 @08:12AM (#43514755)

      In the long run Office will survive because its a standard, nothing else can claim this.

      Once upon a time, Lotus 1-2-3 was the standard spreadsheet and nothing else could claim that. Once upon a time, Wordperfect was the standard word processor and nothing else could claim that. Microsoft Office displaced them because Microsoft controlled the OS that everyone (for all practical purposes) ran them on and Microsoft was able to adapt to new versions of the OS faster because their programmers knew what was going to be in it before anyone else (and because MS programmers wrote the new OS to break something that their competitors used).

  • by Joe_Dragon ( 2206452 ) on Monday April 22, 2013 @06:41AM (#43514305)

    Can the people who killed the start menu / Metro apps in an window.

    The UI was to big of a jump and to not have some kind of choice is real bad.

    Also get rid of the app store only for metro apps.

  • by Shaman ( 1148 )

    I wish upon this company all the evils that history can heap on them. They killed innovation in the computer business and it's taken 15 years for them to get to a point where they were mostly as good as what they stifled. Now Windows 8 and Windows XP are their enemies, hung by their own garrotte is suiting.

  • More like he's going to spend more time with Windows 7. I'd be ready to shoot Windows 8 on site after almost a year of it. Why oh why won't that stupid lady who design the UI and Steve Balmer who supported it leave the company? This is classic toxic employee-induced mass quitting where in reality the 2 complete assholes should have left instead of all the good employees.
  • by 140Mandak262Jamuna ( 970587 ) on Monday April 22, 2013 @10:09AM (#43515593) Journal
    He wears a suit, collects big pay check every month and takes home a big bonus, and is seen in his office once in a while. As a CEO he has done all that is expected of him. It is upto rest of the company to make progress and earn enough money to continue to pay him his exalted benefits. What more can he do? The raison d`etre for private companies is to earn money to pay their top executives. What part of that private enterprise you guys dont get?

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