Microsoft has announced that it will implement a share buyback program of up to $ 60 billion, raise its quarterly dividend by 11% and appoint President Brad Smith as vice chairman.
Microsoft The repurchase program has no expiration date and may expire at any time, paying a dividend of $ 0.62 per share, he said. It is 6 cents (about 44 rupees) from the previous quarter.
According to his biography on Microsoft’s website, US tech giants also called Smith’s updated executive role, which currently leads a team of more than 1,500 staff in 54 countries, the position of Vice Chairman.
Smith joined Microsoft in 1993 from the law firm Covington & Burling, where he ran corporate and legal affairs in Europe. He became a legal counsel in 2002 and was responsible for resolving antitrust proceedings over the next decade, the biography said.
Smith continues to report to CEO Satya Nadella, Microsoft said.
© Thomson Reuters 2021
https://gadgets.ndtv.com/internet/news/microsoft-brad-smith-vice-chair-president-buy-back-share-usd-60-billion-2541277#rss-gadgets-all Microsoft President Brad Smith Appointed Vice Chairman to Buy Back Up to $ 60 Billion Shares