Microsoft adds ValueAct Capital president Mason Morfit to its board of directors

Microsoft continues to make major changes in both its executive team and its board of directors. Today, the company announced that ValueAct Capital president Mason Morfit has been added as a member of its board, increasing the number of members to 11.

Today's announcement was expected as ValueAct bought a $2 billion stake in Microsoft about a year ago, with rumors that the investment firm wanted to stir the pot in order to make some changes at the company. Since then, Microsoft announced a major reorganization, followed by the resignation announcement of its CEO Steve Ballmer. In September, Microsoft officially invited Morfit to join the board.

It will be interesting to see if Morfit will try to push other board members to make even more changes to Microsoft. After he was invited to join the board, Microsoft announced that Ballmer's successor as CEO would be the company's former cloud and enterprise head Satya Nadella, The board still has both Ballmer and Microsoft co-founder Bill Gates as members, although Gates stepped down as chairman in favor of becoming a technology advisor to Nadella.

Microsoft also announced today that the board voted to issue a quarterly dividend of 28 cents a share, which will be paid to shareholders on May 15th.

Source: Microsoft | Microsoft image via Shutterstock

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there isn't much they can do with such tiny share. It is a token move by MSFT to fend off critics who say they aren't retreating back in the server room like IBM did. Value act is nothing more than the typical wallstreet thug that trolls companies with cash reserves to return the money to investors instead of using it for future growth. Typical strategy: sacrifice long term viability for short term returns. After all if you're value act, all you do is sell the stock once you're done bleeding the pig so to speak.