News
News
9/21/2006
02:18 PM
50%
50%

Amazon Gives Ex-Microsoft Exec $12.8 Million Incentive

A stock award gives 400,000 shares to Brian Valentine, who just prior to leaving Microsoft had headed Windows Vista development.

Amazon.com gave a just-hired former Microsoft executive stock incentives worth more than $12.8 million, the Seattle-based online retailer disclosed Wednesday.

The stock award, which was filed with the Securities and Exchange Commission (SEC), gives 400,000 shares to Brian Valentine, who when he recently resigned from Microsoft had headed Windows Vista development. Valentine, a 19-year veteran of Microsoft, had been blamed for Vista's delays, some analysts have said; last month, Microsoft announced that he would be reassigned as soon as Vista was shipped, and the unit handed over to another senior vice president, Jon DeVaan.

Amazon's SEC filing said that Valentine's 400,000 shares would be vested between September 2008 and September 2012 at a rate of 20 percent annually as long as he's with the company. As of Thursday, Amazon shares were trading at $32.06, which would peg the incentive's current value at approximately $12.82 million.

Valentine is only one of several high-profile Microsoft executives and managers who have left the Redmond, Wash. developer recently. Last week, John Lauer, a vice president in Microsoft's Small and Midsize Solutions & Partner Group, said he was leaving to launch a CRM startup.

In June, Bill Gates said he would step down as the company's chief software architect in two years. Ray Ozzie, currently Microsoft's chief technical officer, will take his place while Steve Ballmer remains chief executive.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.