Microsoft Awards $951 Million Worth of Stock to Executives
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Microsoft on Thursday handed out performance bonuses of restricted stock worth nearly $1 billion to roughly 900 senior executives. Congrats to those 900, but what about everyone else?
Jeff Raikes, who heads Microsoft’s business division, received the largest grant — 875,334 shares — bringing his ownership stake in the software company to 5.5 million shares, according to a filing with the Securities and Exchange Commission. Neither Chairman Bill Gates nor CEO Steve Ballmer was on the bonus list. The company delivered a total of 37 million shares of stock worth $951 million at Thursday’s closing price of $25.70 a share.
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