Amazon Gives Ex-Microsoft Exec $12.8 Million Incentive - InformationWeek
IoT
IoT
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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
2017 State of IT Report
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends for 2018
As we enter a new year of technology planning, find out about the hot technologies organizations are using to advance their businesses and where the experts say IT is heading.
Video
Slideshows
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