Amazon Gives Ex-Microsoft Exec $12.8 Million Incentive - InformationWeek
02:18 PM

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. 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
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Twitter Feed
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.
Flash Poll