"According to the Epstein documents recently released by the Department of Justice, on April 6, 2013, three months before the public filing, Epstein emailed Sinofsky a copy of Sinofsky's own "Resignation Agreement," asking for comments. After some back and forth about the non-disparagement clause, Epstein wrote: "[SEC] disclosure will appear as if they are concerned about what you say. seems very weak. appears they are buying your silence.""
"Epstein-at that point a financier who'd pled guilty to soliciting and procuring a minor for prostitution and had registered as a sex offender-had been talking with Sinofsky about his departure for months. On April 3, 2013, he asked for a sizable sum to handle Sinofsky's exit package directly: "I will charge you a one million dollar fee," Epstein wrote in an email to Sinofsky."
Steve Sinofsky's abrupt departure from Microsoft in November 2012 as president of Windows shocked the industry and caused the company's stock to drop nearly 3%. Months later, SEC filings revealed a non-disparagement clause in his resignation agreement that appeared designed to silence him. Recently released Department of Justice documents expose that Jeffrey Epstein, a registered sex offender and financier, had been advising Sinofsky on his exit for months. Epstein charged Sinofsky $1 million to handle the departure package directly and specifically advised on the non-disparagement clause, noting that SEC disclosure would make it appear Microsoft was buying Sinofsky's silence. Sinofsky agreed with this assessment.
#microsoft-executive-departure #jeffrey-epstein #non-disparagement-agreements #corporate-negotiations #sec-filings
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