Will Microsoft Change Dividend or Share Buy Back Strategy with New CFO; $MSFT

Microsoft (Nasdaq:MSFT) is replacing their CFO. Some believe an announcement is coming within a week or so. $74.5 Billion of cash and investment balances are at stake. Regardless of who wins Windows division CFO Tami Reller or Office division CFO Amy Hood are top candidates. Online Services COO Rik van der Kooi is also said to be a candidate.

While everyone is curious to know the outcome I do not expect dividend or share buy back strategy to change much. Major shareholders are donating their shares to charity. The question becomes does the charity want to hold a dividend paying stock or will they sell into the market and stress the share buy back program beyond normal market dynamics.

Who ever wins the job will be marching as instructed.

George Gutowski writes from a caveat emptor perspective.