[News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues - Linux

This is a discussion on [News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues - Linux ; -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Microsoft hiring freeze? From recession to depression ,----[ Quote ] | Confusion arises over Microsoft's hiring plans. The company issued a memo | that hinted at a freeze, one employee said, but a spokesperson ...

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Thread: [News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues

  1. [News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues

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    Microsoft hiring freeze? From recession to depression

    ,----[ Quote ]
    | Confusion arises over Microsoft's hiring plans. The company issued a memo
    | that hinted at a freeze, one employee said, but a spokesperson denies a
    | freeze.
    `----

    http://www.networkworld.com/communit...comment-190558

    Microsoft institutes hiring freeze

    ,----[ Quote ]
    | Microsoft has instituted a hiring freeze, likely spurred by the worsening
    | economic conditions in the U.S., according to a source close to the company.
    `----

    http://www.networkworld.com/news/200...es-hiring.html

    Microsoft denies it, but its excuses are lame. It's all about "not being
    formal/final".

    "There is such an overvaluation of technology stocks that it is absurd. I would
    include our stock in that category. It is bad for the long-term worth of the
    economy."
    --Steve Ballmer, Microsoft's CEO


    Related:

    Microsoft's Accounting Under Scrutiny

    ,----[ Quote ]
    | The company has still not made enough information public to provide analysts
    | with detailed information on the profitability of its MSN Internet business,
    | Mr. Galvin said, adding, ''There's still room for them to obfuscate.''
    `----

    http://query.nytimes.com/gst/fullpag...54C0A96F958260


    Microsoft - Undeserving of Libertarian Praise

    ,----[ Quote ]
    | One strategy that Microsoft has employed in the past is paying for the
    | silence of people and companies. Charles Pancerzewski, formerly Microsoft's
    | chief auditor, became aware of Microsoft's practice of carrying earnings from
    | one accounting period into another, known as "managing earnings". This
    | practice smoothes reported revenue streams, increases share value, and
    | misleads employees and shareholders. In addition to being unethical, it's
    | also illegal under U.S. Securities Law and violates Generally Accepted
    | Accounting Practices (Fink). Mr. Pancerzewski claims he was forced to retire,
    | for raising the issue of deferred earnings with Microsoft executives, thereby
    | making plausible deniability more difficult for said executives. He has since
    | sued Microsoft, who responded by settling out of court, but also sealing the
    | records to prevent public disclosure (Fink).
    `----

    http://www.kuro5hin.org/story/2002/8/20/11034/3908


    Microsoft Agrees To Refrain From Accounting Violations in SEC Settlement

    ,----[ Quote ]
    | Microsoft has agreed to refrain from accounting violations to settle federal
    | regulators' allegations that it misrepresented its financial performance, the
    | government announced Monday.
    |
    | Under a settlement with the Securities and Exchange Commission, the software
    | giant neither admitted to nor denied wrongdoing. No fine was imposed.
    |
    | The SEC alleged that Microsoft's accounting practices from July 1994 through
    | June 1998 caused its income to be substantially misstated.
    `----

    http://www.crn.com/it-channel/18819490


    SEC Investigating Microsoft Practices -- Earnings Manipulated, Former Employee
    Contends

    ,----[ Â*Quote]
    | "The CFO to whom Charlie was reporting his concerns about illegality was the
    | biggest advocate for the very illegality that was going on," Vial argued in
    | court a year ago.
    `----

    http://community.seattletimes.nwsour...1&slug=2969514


    Microfraud?

    ,----[ Quote ]
    | THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
    | distorted its profit figures in an effort to consistently beat Wall Street
    | expectations and keep its stock price steadily rising. The false reports
    | would violate SEC regulations, and amount to outright fraud.
    |
    | More shocking was the source of the allegations: Microsoft's chief of
    | internal audits, Charlie Pancerzewski, who reported directly to the company's
    | chief financial officer.
    |
    | Most shocking of all was what happened to Pancerzewski when he reported the
    | suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
    | operating officer Bob Herbold, in the spring of 1995. Soon afterward,
    | Pancerzewski—who for nearly five years had received stellar performance
    | evaluations—received his first-ever unsatisfactory one, and was eventually
    | forced to resign.
    |
    | Two months ago, Microsoft quietly settled a lawsuit containing these
    | allegations, filed in 1997 by Pancerzewski under the Whistleblowers
    | Protection Act. The auditor claimed he was wrongfully terminated after
    | telling his supervisors that Microsoft might be breaking securities and tax
    | laws. The lawsuit made its tortuous way through several rounds of pretrial
    | motions until last fall, when US District Judge Carolyn Dimmick denied
    | Microsoft's final plea for summary judgment, finding credible evidence that
    | Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
    | thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
    | agreement were sealed, but one source who claims familiarity with the case
    | says that Microsoft paid Pancerzewski $4 million.
    `----

    http://web.archive.org/web/200703080...microfraud.php
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  2. Re: [News] [Rival] Microsoft Scrambles to Hide Big Blow: EmploymentIssues

    Roy Schestowitz wrote:

    > http://www.networkworld.com/communit...comment-190558
    >
    > Microsoft institutes hiring freeze
    >
    > ,----[ Quote ]
    > | Microsoft has instituted a hiring freeze, likely spurred by the worsening
    > | economic conditions in the U.S., according to a source close to the company.
    > `----



    http://www.networkworld.com/news/200...es-hiring.html
    (((((
    > Microsoft did not immediately reply to a request for comment. (Story is updated here with Microsoft's response.)

    )))))

  3. Re: [News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues

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    ____/ Matt on Sunday 05 October 2008 06:49 : \____

    > Roy Schestowitz wrote:
    >
    >> http://www.networkworld.com/communit...comment-190558
    >>
    >> Microsoft institutes hiring freeze
    >>
    >> ,----[ Quote ]
    >> | Microsoft has instituted a hiring freeze, likely spurred by the worsening
    >> | economic conditions in the U.S., according to a source close to the
    >> | company.
    >> `----

    >
    >
    > http://www.networkworld.com/news/200...es-hiring.html
    > (((((
    >> Microsoft did not immediately reply to a request for comment. (Story is
    >> updated here with Microsoft's response.)

    > )))))


    Microsoft's 'talking points' (e.g. Ina Fried) kicked into 'damage control' mode
    and underplayed this.

    We live in interesting times.

    - --
    ~~ Best of wishes

    "The danger is that Microsoft is using strategic monopolistic pricing in the
    education market, with the government’s assistance, to turn our state
    university systems into private workforce training programs for Microsoft."
    --Nathan Newman
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  4. Re: [News] [Rival] Microsoft Scrambles to Hide Big Blow: Employment Issues

    Roy Schestowitz wrote:


    > freeze?
    >
    > | Confusion arises over Microsoft



    Feeze? Confusion? Micoshaft?

    Surely these are keywords for our frozen expert sock operator DFS
    to parachute in and and and and..and freeze to outfreeze a frozen scarecrow?

    Its times like these when I feel micoshaft sponsored asstroturfers
    are just not doing their jobs properly and need a pay cut.


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