Microsoft exec tells employees to improve stock performance instead of raises
Microsoft’s chief marketing officer has a solution for employees frustrated by the company’s decision to scrap raises: let the stock price rise.
“So great quarterly results help make the stock attractive, which in turn drives up everyone’s total compensation,” Capossela tells employees in a post viewed by Fortune. “We are still investing heavily in our people and in our data center capacity to hopefully position ourselves well for the AI 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 commitment to the company’s success.” Microsoft did not immediately respond The edgerequest for comment.