Maffei Leaves, Connors Takes Over as CFO

Microsoft CFO Gregg Maffei resigned in December to become CEO of a Canadian company that builds and operates high-bandwidth fiber-optic networks. Coming on the same day that Microsoft's market capitalization rose above US$600 billion, news of the not-unexpected departure was absorbed by the markets with barely a blip in the stock value. Maffei, 39, had won respect on Wall Street for guiding Microsoft’s stellar financial performance and his skill in closing important acquisition and investment deals. He will remain chairman of Expedia.

Become a DOM member or log in to read the full report