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Steve BallmerThings have again become spicy in the world of Microsoft Corp. (NASDAQ: MSFT). Reports are circulating that Microsoft miscalculated the severance payouts to some of the approximately 1,400 employees that the company recently laid off.

According to CNET News, Microsoft Corp. has sent out letters requesting a return of funds from those former employees who received apparent overpayment of severance benefits.The report also indicates that some of the laid off workers may have received severance underpayments.

Continue reading Microsoft accounting error shows up as huge PR blunder

Microsoft accounting error shows up as huge PR blunder originally appeared on BloggingStocks on Mon, 23 Feb 2009 12:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>layoffsmicrosoft accountingMicrosoftAccountingoverpaidseveranceunderpaidMon, 23 Feb 2009 12:40:00 EST<![CDATA[Best & Worst: Barry Diller, king of the overpaid]]>http://www.bloggingstocks.com/2006/12/05/best-and-worst-barry-diller-king-of-the-overpaid/http://www.bloggingstocks.com/2006/12/05/best-and-worst-barry-diller-king-of-the-overpaid/http://www.bloggingstocks.com/2006/12/05/best-and-worst-barry-diller-king-of-the-overpaid/#commentsFiled under: , ,

This post is written as part of AOL Money & Finance's Best & Worst of 2006. Vote for Barry Diller, or to check out the other overpaid CEOs.

I'm sorry, but I so totally win. What I mean to say is, Barry Diller so totally wins. He is the undisputed worldwide best freakin' ever King of the Overpaid!

There are many reasons someone might see fit to award their company's CEO a Whole Lot of Money. Perhaps that CEO oversaw a banner year for the company, with record profits and growth in sales and maybe the launch of a whole new enterprise. Maybe that CEO got named as Most Powerful this or Most Influential that. Maybe the CEO played less golf than any other CEO in the whole U.S. of A. Maybe -- this company might award its CEO, say, $10 or $20 million in salary and bonuses and another $20 or $40 million in stock compensation. I mean, that would be a lot of money for a job well done, right?

Ha ha. Hahahaha. HAHAHAHAHA! That's Barry Diller laughing at you. Because in one year, as CEO of IAC/InterActiveCorp (NASDAQ:IACI), during which by all accounts his company did a whole lotta nothing, he made: $295 million.

More than four times the next-most-highly-paid CEO for 2005. That doesn't even count the stock options from Expedia, Inc. (NASDAQ:EXPE), which he spun off during the year, which by one calculation has Diller clocking in at nearly $500 million.

What does IAC/InterActive do? Mostly, it owns the Home Shopping Network, with lots of other little properties like Match.com, Ticketmaster, Evite, Citysearch, and LendingTree. Actually these are mostly really great companies but I think for pay like this Diller should at the very least be hosting the overnight cubic zirconia and Bedazzler marathon on HSN once a week.

Best & Worst: Barry Diller, king of the overpaid originally appeared on BloggingStocks on Tue, 05 Dec 2006 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>barry dillerBarryDillerbest-paidceoceo payCeoPayceosdillerhighly paidHighlyPaidoverpaidoverpaid ceoOverpaidCeopayTue, 05 Dec 2006 18:00:00 EST