Steve Ballmer Explains Why He Chose Amy Hood For The CFO Job
Screenshot
A woman CFO is hardly earth shattering. Oracle made Safra Catz its CFO in 2011. And HP's CFO, Cathie Lesjak, has held that job since 2007.
CFOs are often some of the highest paid employees in the company. Over the past three years, her predecessor, Peter Klein, earned $3.6 million, $3.6 million and $5.1 million respectively, between cash, bonus and stock, according to documents filed with the SEC. (That didn't make him the highest-paid exec. COO Kevin Turner was. He made $10.7 million in 2012 alone.)
What does CEO Steve Ballmer see in Hood? According to Microsoft's email to employees, she's a dealmaker that understands how to move Microsoft into the brave new world of
She's also got a good relationship with investors. Microsoft needs to figure out how to get investors excited about Microsoft's future. It's stock has hovered at ~$30 mark or lower for about a decade.
Ballmer told the Microsoft troops today:
"As the CFO of MBD, she’s helped lead the transition to services with Office 365, and has consistently driven strong financial and operational management. I worked closely with her as we developed the strategy and execution for both the Skype and Yammer acquisitions, and her critical thinking and attention to detail will serve her well in this new position."
Hood says she hears this loud and clear. In her email to Microsoft employees today, she wrote:
"As a company, we are laser focused on our transition to devices and services, and we have a key role to play in helping drive that transition."
- Uncertainty over election results may keep market volatile: Experts
- 7 cold destinations in India to escape the summer heat in May
- WhatsApp working on feature that will restrict users from taking screenshots of profile pictures: Report
- Having AI knowledge might increase your chances of landing job interviews, UK study finds!
- After one death due to West Nile Virus in Kerala, Tamil Nadu deploys Mobile Medical Teams in Coimbatore to check disease spread
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market