Microsoft to issue special equity awards to stabilize senior management

NetEase Science and technology news September 24, according to a Bloomberg report, Microsoft submitted to the regulator's documents show that the company will revise the compensation plan, in the search for a new chief executive, the special equity incentive to retain senior executives. Microsoft has not yet identified specific compensation programs, but says it will occasionally award executives to ensure continuity of important leadership during the transition to the new CEO. Microsoft CEO Ballmer announced in August this year that it will retire within 1 years, and the company has started a new CEO job search. The board, which is responsible for appointing the next CEO, said it would consider selecting candidates both internally and externally. Many of the company's internal executives were considered to be the CEO's competitors, but none of the executives were mentioned in the document. Microsoft said the awards would be issued in the form of shares in the 25-150% of the winners ' annual salary. Microsoft executives have cash prizes and stock options every year. Microsoft said the Special stock awards were issued at least 30 months later. The change is part of Microsoft's biggest shake-up in more than 10 years, as consumers switch to smartphones and tablets, and Microsoft has to deal with a decline in PC sales. In addition to changing the CEO, Microsoft announced earlier this month that it would buy a Nokia handset business. The company said that while the equity rewards were meant to ensure that "important executives had enough outstanding equity to keep up with shareholders", the equity rewards would not exceed the previously established stock limits. Some sources say Microsoft executives sent e-mails to staff members last month, saying they will continue to work on the CEO's restructuring plan, even after Mr Ballmer announces his retirement; After Microsoft unveiled its restructuring plan in July, some executives received an increasing number of external invitations, as stock awards and bonuses were released in late August, Some people may not stand the temptation to leave. (Mushulin)