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Microsoft reaches $14m agreement with Sinofsky

Steven Sinofsky, who led the development of the criticised Windows 8 operating system before leaving Microsoft last November, has been given shares worth $14m.

The former executive will receive all of his unvested stock awards granted in June 2012, and half of the possible shares for his performance in the following fiscal year, Microsoft said in a regulatory filing.

In the first nine months of the 2013 fiscal year, Microsoft’s operating income declined 4 per cent, although its share price rose 13 per cent.

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