Gilmartin

This just in, two pieces of news from Microsoft’s board of directors this afternoon …

Microsoft board member Raymond Gilmartin, who has been a director of the company for more than a decade, has decided not to seek re-election at the company’s upcoming shareholder meeting. The former Merck CEO is 71 years old and is reducing his personal commitments, according to a Microsoft news release announcing his planned departure.

The board will have 10 members after Gilmartin leaves. The company isn’t giving any indication of plans to put someone else up for election to replace him.

Separately, Microsoft is boosting its quarterly dividend by 3 cents a share to 23 cents. The company says the dividend will be payable Dec 3 to shareholders of record as of Nov. 15.

Comments

  • guest

    One down, ten more to go, including Ballmer.
    Nice move on the dividend. Analysts expected MS to do the very least required. And as usual they didn’t disappoint.

  • guest

    “It’s been a real pleasure to work with Microsoft during a transformative period for the company, and see first-hand the vision and dedication that are reshaping Microsoft’s future and the future of the industry,” Gilmartin said.

    What a wonderful example of carefully crafted PR speak. He joined the company when it was still the most dominant player in technology, the most profitable, and the most valuable. He leaves it with none of those things still being true. Transformation? Certainly. A positive one? Hardly. And seen first-hand the vision and dedication that is reshaping Microsoft’s future? Sure, we all have. Only it’s come from Apple and Google.

    • http://twitter.com/Seattle_Startup Seattle Startup

      Haters gonna hate.

      • guest

        Can refute any of it, huh?

  • Guest

    What’s attractive about even a 3% yield when the underlying equity has been dead for more than a decade and the company is clearly being disrupted?

  • NiceBoard

    Wow, 71 and with Merck. This guy is definitely qualified to help oversee a fast moving high-tech company.

    If he’s typical of the board then I guess everyone should be happy that Windows Phone wasn’t based on the Jitterbug:

    http://www.greatcall.com/

  • guest

    Cue Harvard Business Review article “How it all went wrong: An insider’s perspective” where he will claim to have never supported Ballmer in 3, 2, 1…

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