Where Do You Want To Borrow Today?

from the executive-benefits dept

theodp writes “In a proxy filed with the SEC Thursday, Microsoft disclosed VP Richard Emerson received a $12M loan to lure him away from an investment banking job. Microsoft said it would no longer make loans of this type to execs, since they have been prohibited under the Sarbanes-Oxley Act of 2002. Earlier this month, Microsoft disclosed that it had forgiven a $15M loan to former President and COO Richard Belluzzo, who jumped to the CEO spot at data-storage maker Quantum. Sure beats those 19.99% APR cash advances Microsoft will give you with an MSN Titanium Visa Card! “

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