Tuesday, March 27, 2007

Microsoft Board of Directors Adds New Member and Declares Quarterly Dividend

 Even Microsoft's board is going service-centric...

Microsoft Corp. today announced that its board of directors has increased the size of the board from nine to 10 members and elected Reed Hastings, 46, chairman and CEO of Netflix Inc., to the board. Hastings has also been appointed to the finance committee.

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Prior to founding Netflix, Hastings founded Pure Software, which he built into one of the world’s 50 largest public software companies. After a successful public offering and a number of acquisitions, Pure was acquired by Rational Software in 1997. An active community leader, Hastings has also been deeply involved in promoting education initiatives, and has served as president of the California State Board of Education.

Source: Microsoft Board of Directors Adds New Member and Declares Quarterly Dividend: Reed Hastings of Netflix to Join Board; Dividend of $0.10 per share payable in June.

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