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Shares drop 7 percent on the news.
Former treasurer at Google and Microsoft says hes leaving to spend more time with his family.
Technology companies like Apple, Microsoft and Google top the list of cash-rich.
In an effort to keep shareholders happy, the software giant also boosts its dividend 22%.
Fifty-four women serve as finance chief at S&P 500 companies, up from 40 a year earlier.
ERP company will acquire cloud computing applications in $4.3 bln deal.
Big Blue now second most valuable tech company, trailing Apple.