INSUBCONTINENT EXCLUSIVE:
The buyback program has no expiration date and may be terminated at any timeMicrosoft Corp on Tuesday said it will conduct an up to $60
billion share buyback program, raise its quarterly dividend by 11 per cent, and appoint company President Brad Smith as vice chair.Microsoft
said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share -
technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in
54 countries, according to his biography on Microsoft's website.Smith joined Microsoft in 1993 from law firm Covington - Burling to run
corporate and legal affairs operations in Europe
He became general counsel in 2002 and, over the next decade, handled the resolution of antitrust cases, the biography showed.Smith will
continue to report to Chief Executive Officer Satya Nadella, Microsoft said.
