Microsoft's head of venture has resigned

Chris Young, Microsoft’s head of business development and its venture unit, resigned from his role on Wednesday, the company said.Young led Microsoft’s M12 venture fund, and was what’s known as a named officer. Microsoft’s other named officers include CFO Amy Hood, top lawyer and vice chair Brad Smith, head of sales Judson Althoff, and CEO and chairman Satya Nadella. Because Young was a named officer, Microsoft was legally obligated to publicly report his compensation, responsibilities, and departure. On ...