Category: Brad Smith

Microsoft President Sees ‘New Era’ of Stagnating Labor Pool

REDMOND, Wash.—U.S. companies are facing a “new era” in which fewer people are entering the workforce and pressure to pay higher salaries may become permanent, Microsoft Corp’s President Brad Smith told Reuters in an interview. At the software maker’s Redmond, Washington, headquarters, Smith highlighted one source of what he called today’s “greater economic turbulence.” In…


Microsoft to Buy Back up to $60 Billion in Shares; Names Brad Smith Vice Chair

Microsoft Corp. on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11 percent, and appoint company President Brad Smith as vice chair. Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend…


Microsoft Backs Australian Plan to Make Google Pay for News

CANBERRA, Australia (AP) — Microsoft said on Wednesday it supports Australia’s plans to make the biggest digital platforms pay for news and would help small businesses transfer their advertising to Bing if Google quits the country. Microsoft has been positioning itself to increase market share for its search engine Bing after a Google executive told…