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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

Topic: board

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November 14, 2014 at 5:08 PM

Microsoft reiterates opposition to increased shareholder board nominees

Microsoft says a proposal to give shareholders a greater say in candidates for the company’s board of directors could disrupt the company’s operations.

In a filing released just shy of two weeks before the company’s Dec. 3 shareholders meeting, Microsoft provided a slate of data packaged to show the company is under good stewardship and bringing in new blood to the board of directors.

An proposal up for vote at the meeting would give shareholders a greater say in board nominees. Provisions include allowing a single shareholder or a group of shareholders who’ve held a combined 3% of Microsoft stock for 3 years to nominate candidates numbering up to 40% of the board of directors.


Comments | More in Corporate governance | Topics: board, microsoft, shareholders meeting

March 11, 2014 at 10:22 PM

Microsoft expands board, announces quarterly dividend

Microsoft expanded its board to 11 members Tuesday with the addition of G. Mason Morfit, 38, president of ValueAct Capital. The move was expected — the result of an agreement announced last August in which Microsoft’s board averted a proxy battle. Under the agreement, ValueAct Capital won the option of a board seat and regular meetings…


Comments | More in Microsoft | Topics: board, dividend, valueact

March 5, 2014 at 9:55 AM

Report: Nadella initially against Microsoft acquiring Nokia’s phone business

Newly appointed Microsoft CEO Satya Nadella, along with Bill Gates, were among those initially opposed to former CEO Steve Ballmer’s proposal to acquire Nokia’s handset business, according to a Bloomberg Businessweek report today looking behind the scenes at what led to the eventual $7.2 billion acquisition.


Comments | More in Microsoft | Topics: board, nokia, satya nadella

November 20, 2013 at 4:02 PM

Ballmer was re-elected to Microsoft’s board with 91 percent yes votes

Microsoft CEO Steve Ballmer, who said he would be retiring within 12 months, is one the company’s nine board members who were reelected to those positions at the annual shareholders’ meeting yesterday.

He was, however, reelected with the lowest percentage of “yes” votes:  90.66 percent, according to a company filing with the U.S. Securities and Exchange Commission.


Comments | More in Microsoft | Topics: bill gates, board, steve ballmer

October 29, 2013 at 3:28 PM

Proxy advisory firm recommends not re-electing Microsoft CEO search chair to board

John Thompson, chairman of Microsoft's board committee searching for the company's new CEO. (Photo from Microsoft)

John Thompson, chairman of Microsoft’s board committee searching for the company’s new CEO. (Photo from Microsoft)

[This post has been updated to include Microsoft’s comments.]

Glass Lewis, a proxy advisory firm, has recommended to Microsoft shareholders that they not re-elect John Thompson to the company’s board.

Thompson, CEO of Virtual Instruments, is the lead independent director on Microsoft’s board and is leading the committee searching for Microsoft’s next CEO.


Comments | More in Microsoft | Topics: board, john thompson

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