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.
“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 capacity to hopefully position us well for the Al transformation.”
In a statement to Fortune, a Microsoft spokesperson says Capossela’s “sale is part of Chris’ personal planning and does not reflect any change in his dedication to the company’s success.” Microsoft didn’t immediately respond to The Verge’s request for comment.