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Microsoft (MSFT) CFO Chris Liddell will be leaving the company at the end of the year to further his career somewhere else, the company announced. Liddell, who joined Microsoft in 2005, was a stringent cost cutter and cash hoarder at a time when rival Google (GOOG) was stockpiling cash on its quest to dominate the world. You know -- the same quest Microsoft has been on for decades now?During the 2008-2009 recession, Liddell also ran the train to trim $3 billion in costs from Microsoft's structure as even the world's largest software maker felt the pinch of tightened consumer and business wallets. Who would have thought Microsoft would have a large reduction in force while it sat on over $30 billion in cash? Tough times called for cuts, and Liddell led the way.
On one recent quarter, Liddell was able to increase Microsoft's short-term investments and cash by over $5 billion -- an impressive feat. Peter Klein of Microsoft's business software division (Microsoft Office and the like) will take over for Liddell. Previous to Liddell, John Connors ran the financial show but left to join the venture capital playground. Klein will have some large shoes to fill as Microsoft takes on some of the toughest adversaries in its entire history.
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