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Microsoft adds LinkedIn co-founder Reid Hoffman to Board of Directors, declares $0.39 dividend

LinkedIn co-founder and previous PayPal vice president Reid Hoffman has been brought onto Microsoft’s board of directors, becoming the 12th member of the board. Microsoft also announced this quarter’s dividend, which will be paying out $0.39 per share on June 8th, with an ex-dividend date of May 16th.

Hoffman, 49, has been with Greylock Partners, where he is currently a partner, for the past seven years. He co-founded LinkedIn in 2002, and before that he served as an executive vice president at PayPal. He currently serves on the boards of Edmodo, Convoy and Blockstream. In addition, he serves on several not-for-profit boards, including Wrapp and Kiva.org, and the chair of the West Coast advisory board for QuestBridge.

Other board members seem to be pleased with the recent addition, citing Reid’s “leadership and strategic perspective” as valuable assets. The main motivator behind his appointment was the board’s intention to bring on “fresh thinking and new perspectives” to influence future decision-making.

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What do you think of Reid's appointment?