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[News] [Rival] THREE Microsoft Vice Presidents Quit!

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Another Microsoft Corporate VP leaves the nest

,----[ Quote ]
| I missed this: Gerri Elliott, Microsoft’s Corporate Vice President of its 
| Worldwide Public Sector business, is out. 
| [...]
| Update:  The more you dig, the more quiet executive resignations/departures 
| you find. Two more Microsoft Corporate VPs — Lewis Levin and Richard McAniff, 
| both with Office — also left Microsoft at the end of last year. Perhaps there  
| really is a case to be made that attrition will end up reducing Microsoft’s 
| ranks without full-timers being let go….    


McDonnell Douglas...


Rumors: Microsoft Layoffs Coming Jan. 15 (MSFT)


Search Biz: MSFT Layoff Rumors, Google Chrome Complicates Mozilla Relationship
& More

,----[ Quote ]
| First up, we’ll hit the rumor mill. The Mini-Microsoft blog is getting and
| posting a lot of comments purportedly left by Microsoft employees who are
| being warned/told that job cuts are coming on January 15, 2009. Some of the
| comments are just things heard on the grapevine, while others are from people
| specifically told in meetings that they have “four weeks left.” The blog
| appears to be written by a MSFT employee, and most of the comments are pretty
| obviously from company employees. If the rumors turn out to be true,
| Microsoft would be following in the footsteps of Yahoo, who just did a big
| round of layoffs earlier this month, and Google’s cutbacks of its contractor
| workforce.


Rumors of Upcoming Microsoft Cut-Backs

,----[ Quote ]
| Come 22 Jan 2009 Microsoft will be asked by the analysts what it is doing to
| contain costs. And I believe Microsoft will have an answer. I think this is
| one solution that you don't want to be a part of. I'm all for cutting back,
| but it should have been done long ago, responsibly, vs. forced upon us.
| Because I believe when things turn around, groups will be lighting the
| sparklers and cracking open the Kristal and hiring madly again.


Microsoft Profit, Sales May Fall Short, Bellini Says

,----[ Quote ]
| Microsoft Corp. may have to warn shareholders that profit and sales will fall
| short this quarter for the first time since 2000, according to Heather
| Bellini, an analyst at UBS AG.


Will Microsoft miss its quarterly estimates?

,----[ Quote ]
| A Microsoft analyst thinks that the company might have to warn shareholders
| that its results won't match forecasts, according to Bloomberg News.


Razorfish cuts West Coast staff

,----[ Quote ]
| Rumors have circulated for months that Microsoft may be looking to sell the
| Razorfish business, though CEO Clark Kokich told TechFlash last month that
| there was nothing in the works. However, he didn't rule out the possibility
| down the road.
| "That doesn't mean that two to three to four years from now, it might not
| happen," Kokich told reporter Eric Engleman.


Microsoft's Razorfish cuts NYC staff

,----[ Quote ]
| Microsoft's online ad agency Razorfish laid off 40 staff in its New York
| office this afternoon, citing a dropoff in business from the financial
| services sector.


Microsoft Cuts Staff at FAST Search Division

,----[ Quote ]
| Xconomy received a report last week that the Oslo, Norway-based FAST Search
| division of Microsoft, which has a 180-person outpost in Needham, MA, and a
| smaller office in New York, had laid off 25 people in its U.S. offices.


Ex-Microsoft boss sentenced


Former Microsoft Manager Gets 2 Years In Jail


SEC Foresees Rise in Fraud Cases

,----[ Quote ]
| Laying out his priorities, the new enforcement chief for the Securities and
| Exchange Commission in San Francisco said Thursday he expects an upswing in
| fraud cases against public companies.



Microsoft's Accounting Under Scrutiny

,----[ Quote ]
| The company has still not made enough information public to provide analysts
| with detailed information on the profitability of its MSN Internet business,
| Mr. Galvin said, adding, ''There's still room for them to obfuscate.''



,----[ Quote ]
| THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
| distorted its profit figures in an effort to consistently beat Wall Street
| expectations and keep its stock price steadily rising. The false reports
| would violate SEC regulations, and amount to outright fraud.
| More shocking was the source of the allegations: Microsoft's chief of
| internal audits, Charlie Pancerzewski, who reported directly to the company's
| chief financial officer.
| Most shocking of all was what happened to Pancerzewski when he reported the
| suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
| operating officer Bob Herbold, in the spring of 1995. Soon afterward,
| Pancerzewski—who for nearly five years had received stellar performance
| evaluations—received his first-ever unsatisfactory one, and was eventually
| forced to resign.
| Two months ago, Microsoft quietly settled a lawsuit containing these
| allegations, filed in 1997 by Pancerzewski under the Whistleblowers
| Protection Act. The auditor claimed he was wrongfully terminated after
| telling his supervisors that Microsoft might be breaking securities and tax
| laws. The lawsuit made its tortuous way through several rounds of pretrial
| motions until last fall, when US District Judge Carolyn Dimmick denied
| Microsoft's final plea for summary judgment, finding credible evidence that
| Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
| thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
| agreement were sealed, but one source who claims familiarity with the case
| says that Microsoft paid Pancerzewski $4 million.

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