Microsoft Ceases Stock Option Program

SpinnerSpinner Birmingham, UK
edited July 2003 in Science & Tech
Microsoft has decided to put a stop to its current stock option program in favour of a more widely acceptable scheme. The new program will hand out company shares instead of actual stock options.
In a companywide call expected later Tuesday afternoon, Microsoft Chairman Bill Gates, CEO Steve Ballmer and sales chief Kevin Johnson are expected to end the existing stock-option program that made many a millionaire. The new stock award program will hand out company shares--rather than options-- to company executives and employees based on customer satisfaction and customer growth, rather than revenue, sources said.

The full report:
http://www.crn.com/sections/BreakingNews/breakingnews.asp?ArticleID=43096
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