Friday July 05, 2013

Microsoft And Former Windows Chief Agree On 'Retirement' Terms

Considering the circumstances, getting paid over $14 million to "retire" doesn't seem like that bad of a deal at all if you ask me.

In return, Microsoft is paying Sinofsky the value of his outstanding unvested stock awards granted prior to Microsoft's fiscal year 2013 (which ended June 30), plus 50 percent of the shares of stock awarded to him during fiscal 2013 -- a total of 418,361 shares. Payments will be made over time through August 2016, with the value of the shares determined by market price as of each vesting date. These shares are estimated to be worth $14.2 million at today's value.