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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: shareholders meeting

You are viewing the most recent posts on this topic.

December 3, 2014 at 5:58 PM

Microsoft board approves dividend, makes diversity tweak to governance language

Redmond continues to ship its dimes and pennies to the investing public. Microsoft’s board on Wednesday declared a cash dividend of 31 cents, the second straight quarterly dividend at that figure. The dividend will be paid on March 12, to shareholders as of Feb. 19. Microsoft executives at the company’s annual meeting on Wednesday were asked why they, in September,…


Comments | More in Corporate governance, Financial | Topics: board, dividend, jesse jackson

December 3, 2014 at 11:53 AM

New Microsoft on display at shareholders meeting

Microsoft’s changing of the guard held the spotlight at the company’s shareholders meeting on Wednesday. Chief Executive Satya Nadella and Chairman John Thompson oversaw a scripted affair touting the company’s progress in cloud computing, hopes for the Windows 10 operating system, and efforts to create a more inclusive company. Steve Ballmer, used to spending his time on stage during his 14 years…


Comments | More in Microsoft | Topics: bill gates, satya nadella, shareholders meeting

December 3, 2014 at 8:32 AM

Board elected, executive pay approved by ‘majority’ at Microsoft meeting

Microsoft general counsel Brad Smith conducted the brief business end of the company’s annual meeting in Bellevue. No surprises, but a lingering question about how much support the executive pay package received:

  • The slate of board nominees was approved by more than 90% of votes.
  • The symbolic vote on executive pay — which Institutional Shareholder Services recommended investors vote down — was approved by “a majority” of votes, Smith said. These votes in tech recently have been approved by 88% of shareholders, and Microsoft’s last year garnered 95% approval (including abstentions).
  • The only shareholder proposal, which would have widened the scope of investor board nominations, was voted down.

Comments | More in Microsoft | Topics: microsoft, shareholders meeting

December 3, 2014 at 6:30 AM

Microsoft’s Satya Nadella set to lead first shareholders meeting

The venue of Microsoft’s shareholders’ meeting — Bellevue’s Meydenbauer Center — will be the same as last year.

The rest is something of an open question as the company continues to stride into the post-Ballmer era with Satya Nadella’s first annual meeting at the helm.

Here are a few things to watch for in the parade of speakers and Q&A:

The vibe. Microsoft, with a soaring stock price and new-CEO-fueled corporate confidence boost, is riding pretty high these days. That hasn’t always been the case when it comes time for Microsoft to face its shareholders. Are the individual stock owners who make up the bulk of the meeting’s audience happy with the truckload of cash Microsoft has given back in the last couple years? Or eager for more?

Product updates. Windows 10, scheduled to launch sometime in the latter half of next year, is the elephant in the room. The tech blogosphere has suggested a consumer preview may arrive as early as next month.

Look out for further updates on Microsoft’s progress in cloud computing. Wall Street has come to expect a lot of Microsoft’s cloud, and the company may feel some pressure to keep the upbeat anecdotes coming.


Comments | More in Microsoft | Topics: compensation, microsoft, satya nadella

November 19, 2014 at 3:18 PM

ISS pegs Microsoft CEO pay at $90.8 million, asks investors to vote no

Microsoft Chief Executive Satya Nadella was paid $90.8 million during the company’s most recent fiscal year. That’s according to an influential shareholder advisory firm, which is recommending shareholders vote against the pay package. Institutional Shareholder Services, which advises large investors on how to vote on corporate issues, says Microsoft shareholders should say no in the largely symbolic vote on…


Comments | More in Compensation | Topics: microsoft, proxy statement; compensation, satya nadella

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

November 19, 2013 at 12:14 PM

Gates speaks on CEO search and gets a wee bit emotional at Ballmer’s last shareholders meeting

In a rather subdued, by-the-book Microsoft annual shareholders meeting today, two things stood out: Chairman Bill Gates took to the podium to speak and he choked up at the end, as he talked about this being Steve Ballmer’s last shareholders meeting as CEO of the company.

Steve Ballmer speaks at Microsoft's annual shareholders meeting held at Meydenbauer Center.

Steve Ballmer speaks at Microsoft’s 2013 shareholders meeting held at Meydenbauer Center. (Photo by Mike Siegel / The Seattle Times)


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

November 19, 2013 at 6:30 AM

What’s on the agenda at Microsoft’s annual shareholders meeting today

Microsoft’s annual shareholders meetings are usually brisk affairs.

Typically, CEO Steve Ballmer and other high-ranking executives run through the company’s accomplishments of the past year; shareholders vote on a few — usually routine — proposals; and the few lively moments come during the brief session when shareholders get to ask the executives and Board Chairman Bill Gates questions.

It may be more of the same  today as Microsoft holds its shareholder meeting at Meydenbauer Center starting at 8 a.m. (there will be a webcast of the event here)  — even though this is a far from typical year.


Comments | More in Microsoft | Topics: shareholders meeting