Microsoft Is Paying Steven Sinofsky Not To Work For Apple, Amazon, Facebook, Google, Oracle, EMC or VMware
Microsoft Corporation is paying former Windows head Steven Sinofsky $10 million not to join rivals Apple, Amazon, Facebook, Google, Oracle, EMC, or VMware, according to Guardian. This covers 418,000 share options that are due to vest through to mid-2016.
As part of the agreement, Sinofsky is banned from persuading a list of companies from ending their partnership with Microsoft. Sinofsky is also banned from encouraging a long list of companies from ending their relationship with Microsoft. The list of companies include Asus, Acer, Dell, HP, HTC, IBM, Intel, Lenovo, LG, Nokia, Qualcomm, Samsung, Sony and Toshiba.
Sinofsky’s future employment restrictions were revealed in Microsoft’s 10-K filing with the Securities and Exchange Commission. Sinofsky was reportedly ousted after disagreement with Microsoft chief executive officer Steve Ballmer about the direction of the Windows operating system.