Microsoft CFO John Connors interview

Interview: Microsoft's departing CFO John Connors recently talked with McKinsey about the thinking behind the company's cash payment to shareholders, its new approach to financial transparency, and its embrace of Sarbanes-Oxley.

Interview: Microsoft's departing CFO John Connors recently talked with McKinsey about the thinking behind the company's cash payment to shareholders, its new approach to financial transparency, and its embrace of Sarbanes-Oxley.

Here's part of the reason why paying stock dividends made more sense rather than using Microsoft's cash reserves for a huge buyback:

Our analysis also showed that if we had committed ourselves to a $60 billion share buyback, we could have ended up purchasing 5 to 8 percent of our stock every day that the Nasdaq allows us to buy our own shares for the next three years, and some of that inevitably would have been uneconomic.

The insightful look into Connor's innovative approach to finance is available with free registration.

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