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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

December 4, 2009 at 1:10 PM

Microsoft discloses CFO’s golden parachute: $1.9 million

Microsoft just disclosed how much CFO Chris Liddell will get for his last two paychecks: $1.9 million, pursuant to a “resignation agreement” they reached Dec. 1.

Liddell, who resigned Nov. 24, is getting $950,000 on Dec. 31 and another $950,000 on March 31, according to an SEC filing today.

“These payments are subject to forfeiture if Mr. Liddell breaches the Agreement. The Agreement includes confidentiality provisions and mutual releases of claims by Mr. Liddell and the Company,” the filing said.

Liddell’s 2009 base salary was $561,667 and he was eligible for a bonus, which in recent years has been $420,000. A lot of kiwi fruit for the New Zealander.

The company also reported how many shares of MSFT are held by Liddell’s replacement, Peter Klein: 94,621.

Comments | Topics: chris liddell, Microsoft

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