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Microsoft's Liddell the architect of Microsoft's acquisition spree? | |
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| Time: 00:02 EST/05:02 GMT | News Source: *Linked Within Post* | Posted By: Kenneth van Surksum | ||
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Was the hiring of New Zealander Chris Liddell a strange choice for Microsoft Corp.'s CFO post back in 2005? By all accounts, it was. Liddell's background in the paper industry seemed odd as a preparation for leading the finances of the world's largest software company. But, Liddell has proven quite the dealmaker since taking over his post from former CFO John Connors. He's engineered more than 50 deals since acquiring his post and he's managed to loosen the purse strings from a notoriously stingy company. Microsoft, after all, had over $30 billion in cash at one time and just didn't seem to ever spend it. It even tried to start buying back up to $30 billion in its own shares back in 2004 -- but too many shareholders wanted to hold onto their Microsoft holdings. But, was it Liddell's idea to use about all of Microsoft's cash hoard in offering a money/share split for the recent $44 billion bid for Yahoo!? | ||
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