Zenith

  • Latest News

    Wednesday, September 15, 2021

    Microsoft Appoints Brad Smith as Vice Chair, To Buy Back $60 Bln of Shares

    Microsoft President Brad Smith. (File Photo)
    Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.

    Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback programme, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.

    Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.

    The U.S. technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.

    Smith joined Microsoft in 1993 from law firm Covington & Burling to run corporate and legal affairs operations in Europe. He became general counsel in 2002 and, over the next decade, handled the resolution of antitrust cases, the biography showed.

    Smith will continue to report to Chief Executive Officer Satya Nadella, Microsoft said.

    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Microsoft Appoints Brad Smith as Vice Chair, To Buy Back $60 Bln of Shares Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top