He “earned” $125,000 salary and $200,000 in stock options last year.
12 replies (most recent on top)
some of you need to have a better understanding of what MS does. It's not just office. huge conflict when you consider the moves to eliminate WF owned datacenters.
Can we ask that people get educated before posting. This is becoming as d-mb and useless as main stream social media due to those who have no real understanding of the topics they post about.
The former CEO of Staples is on WF board and "gasp" we order our office supplies from Staples... Big nothing burger.
How about it's a bad look to be wasting time on another company's board when you can't get your own house in order?
We already had MS products, so if his evil plan is to get WF to buy a bunch of MS stuff, it's not much of a plan-. We were always going to anyway.
Just another OP validating he does not really understand Corporate America and the business world. Just because you don't like it does not make it a conflict of interest.
And I really like the comment from another....."It's just about money".... Yes, it is!!
"one's a bank, the other a software company"
The board can't just wave its hands and declare a conflict of interest not to exist. When you control both Company A and Company B, which is a vendor to Company A, you stand to gain by driving business towards Company B and away from possibly better alternative vendors, at the expense of Company A.
What the board can do is accept the conflict if it's in the bests interests of the company, in their judgment. However, this opens the company and the board up to derivative shareholder lawsuits for breach of fiduciary duty.
So the OP raised a valid, legal issue.
one's a bank, the other a software company... from a board standpoint, no conflict. And WF has been using Microsoft products long before Scharf arrived, and legacy ones at that in need of major updates, so not sure how things are conflicting... What else should we use? Should we have dumped MS products when Scharf took over?
Every time I see someone refer to him as Chuckles, it makes me chuckle
Post ID: @1rrw+1cAHrbY9
The point is obvious. There is a big conflict of interest.
And your point? So he's on the board of another company. Very common for C-suite execs. Not high on my list of issues with the CEO.
No one should be shocked the way they push MS products, even failed ones, down our throat.
It is all about money. Always. Either in the open or under the table.