Shareholders must approve an amendment to the Company's Certificate of Incorporation to authorize the genetic engineering necessary to effect the employee split. A special meeting of shareholders will be held on April 3, 1995 for that purpose.
"Our decision to declare this employee split reflects the Company's continuing desire to broaden our employee base, while at the same time not requiring any additional allocation of funds to payroll. And besides, some of those fractional developers will make a tasy burger!" said Bill Gates, Chairman and Chief Executive Officer.
As of March 27, 1995, Microsoft had approximately twenty thousand employees. Upon completion of the split, that number will increase to approximately fifteen thousand, with over a thousand tons of spare meat being allocated to the cafeterias. The new employees would begin work on or about April 10, 1995, and the new burgers wil become available at approximately the same time.