Microsoft CFO Resigns to Join Start-Up | AccountingWEB

Microsoft CFO Resigns to Join Start-Up

Popular Microsoft CFO, John Maffei, has resigned his postion to join a Vancouver, B.C. start-up called Worldwide Fiber, Inc., a company that manages fiber optic networks for its clients.

Maffei will be replaced by John Connors, who has been with Microsoft for 11 years.

Maffei leaves behind a legacy, known best to the media and shareholders, as a very conservative view of Microsoft revenues. Although he has no direct experience in fiber optic concerns to qualify him for his next job, Maffei did allign partnerships and investments between Microsoft and telecommunications giants like AT&T Corp., Nextel, Global Crossing and Telewest Communications.

Maffei also is the latest executive in a line of others to leave the company in favor of start-ups, and have left Microsoft with large amounts of equity due to their tenure and holdings.

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