Business

Skype thins ranks for Microsoft

SKYPE, THE internet telephony company, has sacked more than half a dozen of its most senior executives, in a boardroom clear-out ahead of its takeover by Microsoft.

The number and timing of the departures was the talk of the tech industry yesterday, with analysts claiming that Skype and Microsoft stood to gain by ousting senior executives now, before their stock options got revalued at the higher takeover price.

The two companies declined to comment on the timing of the departures, but a Skype spokesman said: “Skype, like any other pragmatic organisation, constantly assesses its team structure to deliver its users the best products. As part of a recent internal shift Skype has made some management changes.”

Among the executives who have left are David GurlE, a vice-president in charge of selling Skype to corporate customers, and Don Albert, the company’s advertising boss. The departures were being examined for clues as to how Microsoft might run Skype when its $8.5bn takeover is completed later this year. When the deal was announced, Steve Ballmer, Microsoft’s chief executive, said Skype would operate as a standalone division under its current boss, Tony Bates.

Several of the executives let go in recent weeks operate areas of the business where there is considerable overlap with Microsoft. The other names on the list of departures - originally assembled by the Skype Journal blog and by Bloomberg News - are Christopher Dean and Russ Shaw, both vice-presidents; the chief marketing officer, Doug Bewsher; and Anne Gillespie, the head of human resources. Ramu Sunkara and Allyson Campa, who joined Skype earlier this year when it acquired Qik, a mobile video sharing software company, were also let go.

The timing of the departures means that the value of their stock options will be less than if they had stayed until the Microsoft deal closed, although it is not known if the final terms of their dismissals have been negotiated.

Skype is Microsoft’s largest ever acquisition. It hopes to push Skype as a service for businesses, perhaps by integrating it with its Office products.

Topics:  communications microsoft new york online skype steve ballmer



Additional flood recovery grants announced for our farmers

Coraki post flood.

"These grants will help our farmers get back on their feet"

Truck crash causes traffic chaos on Pacific Highway

A salvage operation involving a truck took place at the intersection of the Pacific Highway and Cameron St near Maclean on Thursday morning, 25th May, 2017.

Traffic affected as salvage operation takes place

Work starts on supermarket, retail and cinema complex

Artist impression of the proposed redevelopment of the cinema and shopping complex on Jonson St, Byron Bay.

Mercato billed as regional NSW's most sustainable shopping complex

Local Partners

Bridge to close for repair works

ESSENTIAL repair work will be carried out after the cross beams on the bridge were damaged last year by a truck transporting an excavator.


First female superhero film in 12 years

AMAZON: Actress Gal Gadot in a scene from the film Wonder Woman.

Wonder Woman opens next Thursday

Stories Troy Cassar-Daley carries around

LEGEND: Troy Cassar-Daley after receiving the Golden Guitar Award for Album of the Year during the Tamworth Country Music Festival in January.

You can see him in Ballina this weekend

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

'Bulls--t!' Lisa Wilkinson grilled over Karl's pay packet

LISA Wilkinson has denied a gender pay gap on The Today Show despite reports claiming her co-host Karl Stefanovic earns more than double her wage.

Rebel Wilson trial: The secret we never could have known

Rebel Wilson outside court

“Most people wouldn’t know it exists,” she said.

Janet’s back in the ring

Marta Dusseldorp returns in season three of the TV series Janet King.

Season three of ABC's legal drama delves deeper than ever before.

Game of Thrones drops new trailer for season 7

Game of Thrones fans have been given a new trailer for season 7.

Fans are finally getting a full-throttled peak at season seven.

How true-blue train driver became a TV star

Bernie Baker stars in the TV series Railroad Australia.

Fan reactions still surprise Bernie Baker.

Conviction for Snapchat body shaming of elderly woman

Dani Mathers was arrested after snapping a photo of a naked, elderly woman in a US gym and posting it on social media. Picture: Supplied

Model convicted for secretly snapping and posting a naked gym pic

Work starts on supermarket, retail and cinema complex

Artist impression of the proposed redevelopment of the cinema and shopping complex on Jonson St, Byron Bay.

Mercato billed as regional NSW's most sustainable shopping complex

Work starts on supermarket, retail and cinema complex

Artist impression of the proposed redevelopment of the cinema and shopping complex on Jonson St, Byron Bay.

Mercato billed as regional NSW's most sustainable shopping complex

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

Slaves in Byron: The dark side of housing crisis

Housing generic.

A darker side to Byron's economy

Bonville to become new housing hub

REZONING: Large areas of Bonville have been rezoned for residential

Land rezoning will turn farmland into housing

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

Ready to SELL your property?

Post Your Ad Here!