Feeds

Microsoft to execs: Please don't leave us. Here, have some shares

Needs 'continuity' after Ballmer's departure

Intelligent flash storage arrays

Microsoft will grease the palms of its most senior people with a lavish smattering of shares in a bid to prevent them following chief exec Steve Ballmer out the door.

Ballmer finally handed in his notice at Microsoft in late August as the company flies low on the back of its disastrous Surface slab push and a rehashed re-imagined Windows 8 operating system.

Redmond wants to head off any unforeseen departures of senior folk and has amended its Corporate Executive Officer Plan, it confirmed in an SEC filing.

"The company may from time to time make awards to executive officers under the Services Based Awards Agreement to achieve a range of objectives," the filing stated.

These special reward include ensure "continuity of key leaders during the transition to a new chief executive", and to preserve "our competitive position".

Microsoft did not name the execs who are in line for the windfall but confirmed that these awards will be in the form of additional shares, ranging between 25 to 150 per cent of the normal yearly bonuses. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.