Microsoft's chief financial officer Peter Klein to receive $2 million as part of a 'separation package'By Ron on Saturday, Apr 20th, 2013 at 05:13AM
Microsoft's current Chief Financial Officer (CFO) Peter Klein is set to leave the company in the coming weeks after working eleven years at Microsoft and four years as the CFO at the software giant. Microsoft revealed this change during its earnings release for its third quarter 2013.
Klein will receive $2 million dollars when he leaves the software giant, as part of a separation package to keep quiet about any confidential information regarding Microsoft. The package also prevents Klein from working for a Microsoft competitor for a period of one year.
Klein is also prevented from talking to the press without prior approval from Microsoft. He is also prevented from blogging or writing about the software giant. So much for a book! Well, at least for a year.
Klein will receive $1 million dollars on Jan 15th of 2014, and a second check for $1 million on June 30th of 2014. These payments are for "compensation for his services during fiscal year 2013 and performance of his obligations under the Agreement." Klein plans on spending more time with his family once he retires.