Microsoft exec tells employees to improve its stock performance in lieu of raises
Microsoft’s chief marketing officer has a solution for employees frustrated with the company’s decision to do away with raises: make the stock price go up.
According to a report on Wednesday from Fortune, CMO Chris Capossela wrote in a message to employees that “the most important lever for almost all our employees’ compensation upside is the stock price.” Capossela cashed out $1.55 million worth of Microsoft stock earlier this month and sold another $2.85 million last week.
“So great quarterly results contribute to making the stock attractive which in turn drives everyone’s total compensation up,” Capossela tells employees in a message viewed by Fortune. “We are still investing heavily in our people as well as in our data center...