An Interest In:
Web News this Week
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
Microsoft Loses Billions on Sinofskys Departure
The news of Windows President Steven Sinofsky's departure from Microsoft didn't go over well with investors. The stock declined by as much as 4% in early trading Tuesday to below $27 a share, shaving off $10 billion from the company's market cap.
Sinofksy handed in his resignation to Microsoft on Monday, after the launch of Windows 8. In an opaque resignation letter, Sinofsky said he was leaving to "seek new opportunities" to build on his experience at the company. Sinofsky will be succeeded by Julie Larson-Green on the engineering side of Windows, and Tami Reller, formerly the division CFO, on the business side.
The exec's departure comes less than a month after Scott Forstall, a simi…
Continue reading...
More About: Steven Sinofsky, microsoft
Original Link: http://feeds.mashable.com/~r/Mashable/~3/vDxFbzpzI8A/
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable