44 posts and columns on Chris Liddell
Microsoft CFO Chris Liddell is leaving the software giant at the end of the year and will be replaced by longtime Microsoft finance exec Peter Klein. A Microsoft spokesman said Liddell wants to pursue jobs beyond his finance role outside the company. BoomTown always enjoyed his adorkable New Zealand accent, even when it was talking econalypse 24/7. I have no idea what Klein sounds like, but he currently serves as CFO of Microsoft’s Business Division, which is one of the company’s largest units.
Well, well, well, that financial imp at Microsoft–CFO Chris Liddell–pulled a fast one on Wall Street and turned in first-quarter earnings that blew away all estimates and even whisper numbers. BoomTown liveblogged the morning conference call, which took place at 7:30 am PT–thanks for the Kiwi-laced wake-up call, Chris! While revenue and net income in Q1 were down significantly from the same period a year ago, they were not as bad as investors expected. Which apparently passes for terrific these days!
Microsoft has had a high-profile week, between launching its new Windows 7 operating system and striking real-time feed partnerships with both Twitter and Facebook. But Wall Street is not expecting quite as much excitement from the software giant’s first-quarter earnings, which will be announced before the markets open this morning. So any beating of expectations would be seen as a big deal by investors.
Microsoft Execs Got Compensation Axed, as Ballmer Touts "The New Efficiency" (Which Sounds Painful!)BoomTown happens to be in the Seattle area today, deep in the heart of Microsoft territory, which apparently is now living in a state of “new normal” according to a declaration by the software giant’s CEO, Steve Ballmer. Well, it all looks the same to me, but that’s what he said in an “executive e-mail” post yesterday titled “The New Efficiency” about the changes brought on by the econalypse. Of course, it’s also a new buzzword for the company’s upcoming Windows 7 rollout, complete with a Web site. Now, that’s efficient! Meanwhile, Microsoft revealed in a proxy filing that the direct compensation of its top execs in 2009 had been slashed.
It’s hard to know what to think of the economy’s direction, even if you are trying to glean some knowledge from those whom you imagine might know a thing or two about it. Indeed, if you listened to a variety of tech and media execs talk about what its status is of late, it’s a wonder we can get out of the woods, since no one knows exactly where we are in them.