According to a report, Microsoft’s chief marketing officer has a solution for employees unhappy with the company’s decision to stop giving raises: make the stock price go up.
CMO Chris Capossela wrote in a message to employees that “the most important lever for almost all our employees’ compensation upside is the stock market.”
He cashed out $1.55 million worth of Microsoft stock earlier this month and sold another $2.85 million last week.
Fortune reports that great quarterly results contribute to making the stock more attractive, which in turn drives everyone’s total compensation up.
The company is still investing heavily in its people as well as in its data center capacity to hopefully position us well for the coming transformation.
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