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Microsoft Plans to Buy Back Up to $60 Billion in Stock

  • President and Chief Legal Officer Brad Smith made vice chair
  • Top Senate Democrats float 2% excise tax on stock buybacks
Brad Smith 
Brad Smith Photographer: Drew Angerer/Getty Images/Bloomberg
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Microsoft Corp., the world’s largest software maker, announced its largest ever stock-repurchase program of as much as $60 billion, at a time when U.S. lawmakers are considering a tax on buybacks.

The company’s recent resurgence has given it a market value north of $2.2 trillion, making it the second-most valuable publicly traded company after a 35% rise in its shares over 2021. Its previous buyback plan, unveiled in September 2019, was for $40 billion.